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- ORDI surged 48% after crypto exchange Binance said that it will list the token soon today.
Binance intends to offer Ordinals, or ORDI, with new spot trading pairs set to be available at 10 a.m. UTC on Nov. 7.
Binance announced today that it would begin offering spot trade pairings — ORDI/BTC, ORDI/USDT, and ORDI/TRY — with withdrawals for ORDI beginning at 6:30 a.m. UTC on Nov. 8. ORDI will also be added as a new borrowable asset, with the new margin pair ORDI/USDT on Isolated Margin.
According to Coinstats data, the price of ORDI has risen 48% in the last 24 hours to trade at $11.7, a new high since May, following the Binance listing news.
Following the Binance announcement, the price of ORDI skyrocketed. CoinGecko is the source.
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The anticipated IPO of ORDI follows the August introduction of Binance Pool’s Ordinals Inscription Service, which makes it easier for users to inscribe extra data onto the Bitcoin blockchain. Earlier this year, the Ordinals protocol, which allows the development of BRC-20 tokens and NFTs on Bitcoin, gained traction.
In the listing announcement, Binance cautioned that ORDI is a “relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility.”
The exchange stated that it will attach a “Seed Tag” to the ORDI coin, which indicates projects that may display higher volatility and hazards when compared to other projects. According to the announcement, users would have to pass the related quizzes every 90 days on the Binance Spot or Binance Margin platforms to obtain such seed tag tokens.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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