Leading cryptocurrency exchange Binance has added another altcoin to its listing. In the announcement made by the crypto exchange, it was stated that Ordinals (ORDI) will be listed and trading will commence at 13:00 (GMT+3) today. The listing announcement has caused a sharp increase in the price of ORDI.
Binance to List Ordinals (ORDI)
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has announced that it will list Ordinals (ORDI). Trading for ORDI will start at 13:00 (GMT+3) today on Binance Spot, with trading pairs ORDI/BTC, ORDI/USDT, and ORDI/TRY. Deposits for ORDI have already started to allow users to prepare for trading, while withdrawals will be available starting from 09:30 (GMT+3) on November 8th. Furthermore, Binance will also list ORDI/USDT trading pair on Isolated Margin starting from 13:00 (GMT+3) today for the next 48 hours.
Meanwhile, the listing announcement by Binance has caused a rapid increase in the price of ORDI. The price of the altcoin has risen over 30% to $9.51 and the upward trend continues. Prior to the listing announcement, ORDI was trading around $7.40.
What is Ordinals (ORDI)?
The total supply of Bitcoin is limited to 21 million. Each BTC can be divided into 100 million Satoshis, resulting in a total of 21,000 trillion Satoshis. The Ordinals protocol allows for inscriptions, such as text, images, and other information, to be added to each Satoshi.
Moreover, creating an inscription does not require the use of a separate token, the creation of a sidechain, or changing Bitcoin itself. The Ordinals protocol simply allows for the addition of information, such as text, images, sound, and videos, to each Satoshi. Due to the low block size limit of Bitcoin, inscribe primarily produces text and images in the form of NFTs and tokens.
