Cryptocurrency

Satoshi

ORDI

April

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Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. 
According to <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usdc-margined-ordi-perpetual-contract-with-up-to-75x-leverage-f5317e4c17a14f0c822441904dc9ae3c" target="_blank" rel="noreferrer noopener">a post</a> on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage. 
The maximum financing rate for the ORDIUSDC perpetual contract at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. 
Users will be eligible for a 10% discount on trading fees for all <a href="https://crypto.news/price/usd-coin/" target="_blank" rel="noreferrer noopener">USDC</a> margined futures contract trades until April 03, 12:30 pm (UTC). 
 You might also like: <a href="https://crypto.news/binance-launches-marketplace-focused-on-ordinals-protocol/"> Binance launches marketplace focused on Ordinals protocol </a> 
Following the news, the Ordi token (ORDI) jumped 6% in the last 24 hours. At the moment, the asset is trading at $72.6. ORDI’s trading volumes also jumped 13% to $159.46 million, while market capitalization jumped 5.6% to $1.52 billion, according to <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>. 
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Tokens of the standard, BRC-20, are digital assets that can be created and transferred on the Bitcoin (<a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) blockchain using the Ordinals protocol. This standard allows you to record data in Satoshi and turn it into tokens. 
The ORDI token appeared in the spring of this year as a meme coin that initially did not associate itself with the developers of the <a href="https://crypto.news/tag/Ordinals/" target="_blank" rel="noreferrer noopener">Ordinals</a> protocol. However, over time, the project became the largest among other BRC-20 tokens and is now the primary token of the protocol. 
 Read more: <a href="https://crypto.news/ordinals-surpasses-6k-bitcoins-in-total-fees/"> Ordinals surpasses 6k Bitcoins in total fees </a>

Binance Futures to launch ORDI perpetual contract

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