Cryptocurrency exchange Binance has announced the listing of ORDI perpetual contract.
According to a post on Binance Futures, the platform will launch USDC margined ORDI perpetual contracts with up to 75x leverage on February 22 at 07:00 (UTC).
Maximum financing rates for ORDIUSDC perpetual contracts at launch will be +2.00% and -2.00%. Funding fee calculation frequency occurs every 4 hours.
Users are eligible for a 10% discount on trading fees on all USDC margined futures trades until April 3rd at 12:30 PM UTC.
Following this news, Ordi Token (ORDI) rose 6% in the past 24 hours. At the moment, the asset is trading at $72.6. According to CoinMarketCap, ORDI's trading volume also increased by 13% to $159.46 million, and its market capitalization increased by 5.6% to $1.52 billion.
Standard BRC-20 tokens are digital assets that can be created and transferred on the Bitcoin (BTC) blockchain using the Ordinals protocol. This standard allows you to record data on Satoshi and convert it into tokens.
The ORDI token debuted as a meme coin in the spring of this year, but was initially not associated with the developers of the Ordinals protocol. However, over time, this project became the largest of his other BRC-20 tokens and is now the main token of the protocol.
