Leading digital asset exchange Binance has enhanced its derivatives offerings by introducing a new USDC-margined perpetual futures contract for ORDI. This addition, which begins trading soon, aims to diversify the platform’s trading options and enrich the trading experience. The ORDI perpetual futures, featuring up to 75x leverage, will be available for trading starting February 22, promising increased flexibility and earning potential for investors.
Launch Date and Features of ORDI Futures
Binance Futures broadens its portfolio by launching the ORDI perpetual futures contract, trading under the ticker ORDIUSDC, on February 22 at 10:00 AM local time. This new derivative product will allow for significant leverage, with a maximum of 75 times, enabling traders to amplify their investment strategies. The ORDI perpetual futures will include a standard maximum funding rate of +/- 2.00%, billed every four hours to maintain a fair funding system.
To promote the freshly listed futures, Binance Futures is providing a 10% discount on trading fees for all ORDIUSDC transactions until April 3, aiming to boost participation and thank its user base.
ORDI Value Climbs Following Announcement
Post announcement, ORDI, a token compliant with the BRC-20 standard and the first of its kind on the Bitcoin blockchain, experienced a surge in value, spiking over 5% to $73.16. This positive market reaction highlights the influence of Binance Futures on cryptocurrency valuations.
Current figures from CoinMarketCap indicate that the ORDI token is trading at $72.54, marking a 5.23% increase over the last day. Additionally, the token demonstrates a significant rise of 16.01% over the previous week and a 4.58% uptick in the past month, reflecting a bullish trend for the altcoin.