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Leading cryptocurrency exchange Binance‘s futures arm Binance Futures has announced the listing of USD Coin (USDC) margined ORDI (ORDI) perpetual futures contracts, which will be open for trading. This move aims to offer users a wider range of trading options and enhance the overall trading experience on the platform.
Trading Operations to Start on February 22
Binance’s futures arm Binance Futures will expand its trading options by listing the USDC margined ORDI perpetual futures contract for trading on February 22, 2024, at 10:00 AM local time. With this move, Binance Futures will be offering users a broader range of trading options. The new ORDI perpetual futures contract will provide investors with the opportunity to leverage their positions up to 75 times, offering more flexibility and profit potential.
When the ORDIUSDC perpetual futures contract is open for trading, it will have a standard maximum funding rate of +/- 2.00%, ensuring a fair and transparent funding mechanism for investors. The funding fee for the futures contract will be charged every four hours.
To encourage trading in the new USDC margined futures contracts, Binance Futures will offer users a 10% trading fee discount on all trades until 3:30 PM local time on April 3, 2024. This promotional offer aims to encourage participation in the ORDI perpetual futures contract and reward users for their loyalty to the platform.
ORDI Price Rises After Binance’s Announcement
ORDI, the first token created on the Bitcoin (BTC) Blockchain in compliance with the BRC-20 token standard, saw its price rise over 5% to $73.16 following the listing announcement by Binance Futures.
According to data from the crypto data and price platform CoinMarketCap, ORDI’s price is trading at $72.54, up 5.23% in the last 24 hours at the time of this writing. The data also shows that the altcoin’s price has increased by 16.01% in the last 7 days and 4.58% in the last 30 days.
