Summary
Coinbase International exchange is listing perpetual futures for ORDI and WLD altcoins, targeting sophisticated market players. ORDI prices may rise above $100, while WLD prices have dropped. Coinbase is diversifying its financial products with futures for various cryptocurrencies. The addition of ORDI and WLD follows plans for futures for Dogecoin, Litecoin, and Bitcoin Cash. Coinbase’s acquisition of FairX has strengthened its position in the regulated US futures market. Always do your own research before making financial decisions.
Key Points
1. Coinbase International exchange is listing perpetual futures for BRC-20 token Ordinals (ORDI) and Worldcoin (WLD), expanding its derivative offerings for sophisticated market players.
2. The announcement of the listing had no immediate positive impact on the price of the altcoins, with ORDI’s price fluctuating between $72 and $55 and WLD facing a 30% drop in value since late March.
3. The addition of ORDI and WLD to Coinbase’s perpetual futures lineup is part of its strategy to diversify financial products, following the acquisition of FairX derivatives exchange in 2022 and plans to introduce cash-settled futures for Dogecoin, Litecoin, and Bitcoin Cash.