Renowned cryptocurrency exchange Coinbase has officially announced its intention to launch Worldcoin and Ordinals perpetuals.
According to the exchange's official X page, the Ordinals and Worldcoin markets are scheduled to open on April 11, 2024, at 9:30 a.m. (World Coordinated Time).
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On the Coinbase platform, institutional clients will have access to more than 30 perpetual futures and spot markets. Worldcoin perpetuals will trade as WLD-PERP, and Ordinals perpetuals will trade as ORDI-PERP.
Previously, Worldcoin was only available in Coinbase wallets.
Worldcoin has caught the attention of crypto investors after showing impressive growth over the past two months. The token is known for giving everyone ownership of their sensitive data, guaranteeing individual privacy.
The Worldcoin network was founded in 2019 by Sam Altman, Max Nowendstern, and Alex Blania. The WLD token acts as the network's service token with governance properties, allowing users to voice their opinions on the future of the protocol.
The Ordinals (ORDI) token operates on top of the Bitcoin protocol and converts textual information and images into NFTs and tokens. The Ordinals protocol records information in each Satoshi.
Perpetual contracts are a financial instrument used on cryptocurrency exchanges. Perpetual futures have no expiration date, which makes them different from traditional futures contracts. This means that traders can hold open positions indefinitely as long as they maintain the required margin and meet other exchange requirements.
Perpetual futures depend on the market value of the underlying asset, usually BTC or ETH, and are periodically settled at the spot price of the asset.
Traders use perpetual futures for a variety of purposes, including speculation, hedging, and arbitrage.
