Coinbase International Exchange is set to expand its offerings for institutional clients by listing BRC-20 token Ordinals (ORDI) and Worldcoin perpetual futures, with plans for availability as early as April 11.
ORDI and WLD: Dramatic Price Swings Reflecting Diverse Market Trends
ORDI has witnessed remarkable price action, skyrocketing by 1,640% from $5 on November 1, 2023, to a peak of $87 on March 5. However, it's important to note that ORDI is not officially affiliated with the Bitcoin Ordinals deployer or its team but rather a separate BRC-20 token inspired by the Ordinals protocol.
On the other hand, Worldcoin (WLD) has rapidly emerged as a top choice for investors seeking exposure to the AI industry. It surged from $2.20 on February 7 to a high of $11.70 on March 10, showcasing significant growth in a short span.
Worldcoin surged from $2.20 to $11.70 in one month. Source: CoinGecko
Worldcoin's Unique Approach: Biometric Data for Digital Identity and Cryptocurrency
WLD serves as the native token of Worldcoin, a digital identity project offering cryptocurrency in exchange for users minting their biometric data for a digital ID. This innovative approach to digital identity underscores Worldcoin's potential impact on the AI and cryptocurrency sectors.
Coinbase International Exchange Expands Derivatives Offerings with ORDI and WLD Perpetual Futures
The addition of perpetual futures contracts for ORDI and WLD adds to Coinbase International Exchange's growing portfolio of derivatives products. Perpetual futures allow traders to speculate on the future price of an asset without an expiration date, offering flexibility and opportunity for institutional investors.
Coinbase Continues Expansion with ORDI and WLD Futures Contracts, Following Regulatory Guidelines
Coinbase's decision to list futures contracts for ORDI and WLD follows recent additions such as Wormhole's native token (W) and futures contracts for Litecoin (LTC) and Dogecoin (DOGE). The exchange plans to launch these contracts using the "self-certification" method, adhering to regulatory guidelines outlined by the CFTC.
Overall, Coinbase's move to expand its offerings demonstrates its commitment to providing institutional clients with access to a diverse range of digital assets and derivatives products, further solidifying its position as a leading cryptocurrency exchange.
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