Listing of Ordinals (ORDI) Token on Binance and Its Market Impact
Date: 2023-11-07 Author: Dima Zakharov Categories: IN WORLD
Listing of Ordinals (ORDI) on Binance: News and Market Impact
Binance has announced the listing of the Ordinals (ORDI) token on its platform, drawing significant attention from the cryptocurrency community. This is a significant development in the world of cryptocurrencies, and we will delve into how it has impacted the market and what the Ordinals project represents.
Listing of ORDИ on Binance
The leading cryptocurrency exchange, Binance, has declared the addition of the native token of the Ordinals project (ORDI) to its platform. This decision immediately garnered the interest of traders and investors, making it evident that the Ordinals project holds promising potential.
Trading Pairs and Withdrawals
Binance has provided several spot trading pairs for the ORDИ token, including ORDI/BTC, ORDI/USDT, and ORDI/TRY. This means that users can now trade this token on the Binance platform. It's worth noting that withdrawals for ORDИ will be available starting from November 8, granting users the ability to manage their assets.
Bonuses for Users
Before the start of trading, the first one thousand users who deposit a minimum of 72 ORDИ into their accounts will receive a reward of 50 USDT. This incentivizes greater participation and interest in the ORDИ token.
Market Reaction
At the time of writing this article, the ORDИ token is trading at a price of $11.67. Over the past 24 hours, the asset's value has surged by an impressive 54.6%, indicating a high level of interest and expectations for its continued growth.
Market Capitalization and Trading Volume
The market capitalization of the ORDИ token currently exceeds $200 million, with a trading volume of over $40 million in the last 24 hours. These figures suggest that the ORDИ token has already established its niche in the cryptocurrency market.
Support for Ordinals in Binance Pool
A significant step in the development of the Ordinals project was the addition of support within Binance's mining pool. This allows users to embed additional data into individual satoshis, including text, images, and videos. Ordinals transforms these satoshis into unique NFT tokens, creating Bitcoin NFTs that differ from traditional Ethereum-based tokens by storing user content on-chain.
