The ORDI contract, created by the Ordinals protocol, has been officially listed on the ORDI website. According to a recent post, Binance Futures will be launching ORDI’s perpetual contract on their platform with USDC margin on February 22 at 07:01 (UTC). This contract will offer up to 75x leverage to traders.
At the time of launch, the maximum financing rate for the ORDIUSDC perpetual contract will be between +2.00% and -2.00%. The funding fee will be calculated every four hours. Users can trade all USDC-marginated futures contracts until April 03 at 12:30 pm (UTC).
Following this news, the ORDI token has seen a 6% increase in the last 24 hours, currently trading at $72.6. Its trading volume has also increased by 13% to $159.46 million, and its market capitalization has risen by 5.6% to $1.52 billion, according to CoinMarketCap.
ORDI tokens are based on the BRC-20 standard, which allows for the creation, transfer, and storage of digital assets on the internet, specifically using the Bitcoin Blockchain (BTC) through the Ordinals protocol. This standard also enables the recording of data on Satoshi, which can then be turned into tokens.
Initially introduced as a meme currency, the ORDI token has become the most popular BRC-20 token and is now the primary token for the Ordinals protocol. It has gained widespread recognition and success over time.
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