Coinbase, a major cryptocurrencycurrency exchange, will begin providing Ordinals (ORDI) and Worldcoin perpetual futures to institutional clients on April 11, addressing their growing interest in cryptocurrency derivatives.
ORDI has increased by 1,640%, rising from $5 to $87 since November 2023, owing to a strong demand for Ordinals-related assets. It’s worth noting that ORDI is not directly linked with Bitcoin Ordinals or its staff.
Worldcoin has also experienced fast growth, going from $2.20 to $11.70 between February and March. It is the native token of Worldcoin, a digital identity initiative that incentivizes people to create digital IDs using their biometric data.
Coinbase’s recent inclusion of perpetual futures for Wormhole’s native token, as well as plans for futures on Litecoin and Dogecoin, demonstrate the company’s planned growth into derivatives trading. The exchange uses the “self-certification” approach to launch futures contracts, which ensures regulatory compliance.
These innovations demonstrate Coinbase’s commitment to providing varied investment choices while complying to regulatory norms in the cryptocurrencycurrency derivatives market.
