A major cryptocurrency exchange, Coinbase, will start offering Ordinals (ORDI) and Worldcoin perpetual futures to institutional clients from April 11, catering to their growing interest in crypto derivatives.
ORDI has surged by 1,640%, reaching $87 from $5 since November 2023, driven by fervor for Ordinals-related assets. It’s important to note that ORDI isn’t directly affiliated with Bitcoin Ordinals or its team.
Worldcoin has also seen rapid growth, rising from $2.20 to $11.70 between February and March. It’s the native token of Worldcoin, a digital identity project incentivizing users to mint their biometric data for a digital ID.
Coinbase’s recent addition of perpetual futures for Wormhole’s native token and plans for Litecoin and Dogecoin futures reflect its strategic expansion into derivatives trading. The exchange utilizes the “self-certification” method to launch futures contracts, ensuring regulatory compliance.
These developments signal Coinbase’s commitment to offering diverse investment opportunities while adhering to regulatory standards in the crypto derivatives market.
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