You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Binance to List Ordinals (ORDI) in ‘Seed Tag’ Section, Token up Nearly 49%

Binance, one of the leading crypto exchanges, has declared its intention to list Ordinals (ORDI), with the commencement of new spot trading pairs scheduled for 10 a.m. UTC on November 7.

Upon its listing, Binance will provide spot trading pairs, including ORDI/BTC, ORDI/USDT, and ORDI/TRY. Withdrawals for ORDI are set to become available at 6:30 a.m. UTC on November 8. Additionally, Binance is planning to introduce ORDI as a new asset available for borrowing, paired with the margin pair ORDI/USDT on Isolated Margin trading.

Ordinals (ORDI) Surges Nearly 49%

ORDI has undergone a remarkable price surge, registering a 49% increase over the last 24 hours, reaching $11.06, according to data from Coingecko.

This notable surge in price closely follows the announcement of ORDI’s listing on Binance and underscores the high level of enthusiasm surrounding this digital asset.

Binance’s decision to list ORDI on its platform comes after Binance Pool introduced the Ordinals Inscription Service back in August. This service streamlines the process for users to add supplementary data to the Bitcoin blockchain, potentially contributing to the increased interest in ORDI.

The Ordinals protocol, which is renowned for facilitating the creation of BRC-20 tokens and NFTs on the Bitcoin network, has garnered significant attention in the cryptocurrency space this year.

However, Binance is advising users to be cautious about ORDI’s risk profile, as it is a relatively new token with the potential for higher-than-average price volatility.

To address this concern, the exchange will assign ORDI a “Seed Tag,” which categorizes projects that may entail increased volatility and risk in comparison to other offerings. Users will be required to pass corresponding quizzes every 90 days when engaging with seed tag tokens on Binance’s Spot or Margin platforms, as detailed in the official statement.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

Nigerian Court Dismisses Binance Exec’s Human Rights Lawsuit
21.06.2024By
Canadian Digital Asset Manager 3iQ Files Preliminary Prospects for First Solana ETP
21.06.2024By
Italy To Introduce Stricter Crypto Oversight And Regulation: Reuters
21.06.2024By

Latest news

Nigerian Court Dismisses Binance Exec’s Human Rights Lawsuit
21.06.2024
Canadian Digital Asset Manager 3iQ Files Preliminary Prospects for First Solana ETP
21.06.2024
Italy To Introduce Stricter Crypto Oversight And Regulation: Reuters
21.06.2024
Bitcoin Spot ETFs Outflows Continue: Grayscale, Fidelity See Significant Withdrawals
21.06.2024
Marathon’s New Bitcoin Mining Project to Heat Up Entire Town in Finland
21.06.2024
S. Korean Crypto Firm Delio Plans Debt Transfer Amid $180M Embezzlement Scandal
20.06.2024
CBDCs Could Advance Financial Inclusion: IMF Middle East Survey
20.06.2024
Gaming Titan Konami Teams Up with Avalanche to Introduce NFT Solution ‘Resella’
20.06.2024
Consensys Moving Forward With SEC Lawsuit After Dropped Investigation: Report
20.06.2024
Fireblocks Partners With TRES to Generate Audit-Ready Tax Reports
20.06.2024