Binance expands futures with USDC-margined ORDI contract

Binance, a titan in the cryptocurrency exchange arena, is gearing up to enrich its Futures platform by introducing the ORDI perpetual contract. This new addition, set to go live on February 22 at 07:00 (UTC), is designed to be USDC-margined and will empower traders to leverage up to 75 times. This initiative is part of Binance’s broader strategy to diversify its trading instruments and better serve the dynamic demands of the crypto trading community.

Market reacts positively to upcoming ORDI listing

Following the announcement, the ORDI token witnessed a notable surge, climbing 6% in the last 24 hours. The token’s price adjustment to $72.6, coupled with a 13% increase in trading volumes reaching $159.46 million and a 5.6% rise in market capitalization to $1.52 billion, signals strong market enthusiasm. These figures, sourced from CoinMarketCap, reflect the market’s optimistic outlook on ORDI’s potential as a lucrative trading asset on Binance’s platform.

The ORDIUSDC perpetual contract is poised to offer a balanced maximum financing rate of +2.00% and -2.00% at its inception, with funding fees recalculated every four hours. An additional perk for traders is a 10% discount on trading fees for USDC-margined futures contracts, valid until April 03, 12:30 pm (UTC). These attractive features are anticipated to draw traders, offering them a competitive edge in the fast-paced crypto futures market.

ORDI’s prominent role in the crypto ecosystem

Originating as a meme coin and later becoming the flagship token of the Ordinals protocol, ORDI has demonstrated significant growth and adaptability. Its association with the BRC-20 standard on the Bitcoin (BTC) blockchain underscores its innovative digital asset creation and transfer approach. Binance’s choice to list the ORDI perpetual contract underscores its commitment to fostering innovation and catering to the sophisticated needs of modern traders.

As the cryptocurrency community eagerly awaits the launch of the ORDI perpetual contract on Binance Futures, this move marks a significant milestone in expanding cryptocurrency derivatives trading, offering traders more avenues to explore and profit from the digital asset markets.

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