Exciting news for crypto traders: Binance Futures has officially announced the introduction of the ORDI perpetual contract. Get ready to trade with a new level of leverage!
Launch Details
The ORDI perpetual contracts will be available for trading on . These contracts will be margined with USDC, offering traders the option to leverage up to 75 times their initial stake.
Fees and Discounts
Binance is setting the maximum financing rate for the ORDIUSDC perpetual contracts at both +2.00% and -2.00% at launch. Additionally, a funding fee will be applied every four hours. To sweeten the deal, Binance is also offering a 10% discount on trading fees for all USDC margined futures contract trades until .
Market Impact
The Ordi token (ORDI) experienced a 6% surge in value over the last 24 hours, currently trading at $72.6. Trading volumes for ORDI have also seen a 13% increase, reaching $159.46 million, with the market cap climbing by 5.6% to $1.52 billion, as per CoinMarketCap data.
The ORDI Token and Ordinals Protocol
BRC-20 tokens, such as ORDI, are digital assets created and transferred on the Bitcoin blockchain using the innovative Ordinals protocol. This unique standard captures data in Satoshi units, transforming it into tradable tokens. Initially launched as a meme coin in the spring, ORDI has since become the most prominent BRC-20 token and the flagship token of the Ordinals protocol, despite its initial lack of association with the protocol’s developers.
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