2024-04-06 06:05:22
Coinbase recently announced that it is listing two new no-expiration futures on its platform to expand its ongoing offering.
In a post published by the company, it announced that it will list the ORDI and WLD no-expiration futures products on April 11, making them available to investors on both the Coinbase International and Coinbase Advanced platforms.
Coinbase has stated that it will launch futures trading using the “self-certification” method following regulatory guidelines set by the Commodity Futures Trading Commission, as it has not yet received official approval from the agency.
@CoinbaseIntExch will add support for Ordinals and Worldcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our ORDI-PERP and WLD-PERP markets will begin on or following 9:30am UTC on 11 APR 2024. pic.twitter.com/GYHPBTGBJG
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 4, 2024
A Coinbase announcement ORDI and WLD witnessed significant exchange rate fluctuations in recent months. ORDI rose 1,640% from a price of $5 on November 1, 2023 to a high of $87 on March 5. Since then, however, its value has declined and at the time of writing is hovering around $60.79, according to data from CoinGecko. It is worth noting regarding the token that it is not officially affiliated with the Bitcoin Ordinals installer or any member of the Ordinals team. ORDI is a separate BRC-20 token that just gets its name from the Ordinals protocol.
Meanwhile, Worldcoin has gained a lot of popularity. Its price rose from $2.20 on February 7th to $11.70 on March 10th, but has since fallen significantly. At the time of writing, the digital asset is valued at $6.93, according to CoinCecko. Founded in July 2023, Worldcoin is a digital identity verification project that allows users to prove they are not robots by scanning their eyes using offline orbs. Therefore, they receive cryptocurrency and digital identities in return.
Coinbase is expanding its portfolio
No-expiration futures, or swaps, are a group of derivatives that allow traders to speculate on the future price of an asset without specifying an expiration date.
Back on April 4, Coinbase added futures to Wormhole’s native token in addition to an $850 million airdrop for early adopters of the project. Previously, the crypto exchange also considered listing futures contracts for Litecoin and memecoin Dogecoin, stating that Dogecoin has moved beyond being an “online joke” and has become a real digital asset.
1712386961
#Coinbase #lists #noexpiration #swaps #platform
