Bitcoin

ORDI

Read

Spot

<a href="https://bitcoinworld.co.in/ordinals-price-surges-48-following-binance-listing-announcement/" title="Ordinals Price Surges 48% Following Binance Listing Announcement" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">ORDI surged 48% after crypto exchange Binance said that it will list the token soon today.</li>
</ul>
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 <a href="https://www.binance.com/en/support/announcement/binance-will-list-ordinals-ordi-with-seed-tag-applied-4bd64404aa384fe5a00e0f9b131035db" rel="noopener noreferrer nofollow">today</a> 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 <a href="https://www.binance.com/en/margin-fee" rel="noopener noreferrer nofollow">Isolated Margin</a>.
According to <a href="https://coinstats.app/coins/ordinals/" rel="noopener noreferrer nofollow">Coinstats</a> 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.&nbsp;
<figure id="attachment_54528" aria-describedby="caption-attachment-54528" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-54528" src="https://bitcoinworld.co.in/wp-content/uploads/ORDI-Price-Chart-440x300.png" alt="" width="513" height="327">
 <figcaption id="caption-attachment-54528" class="wp-caption-text">
 ORDI Price Chart | Source: <a href="https://coinstats.app/coins/ordinals/" rel="noopener noreferrer nofollow">Coinstats</a>
 </figcaption>
</figure>
&nbsp;
Following the Binance announcement, the price of ORDI skyrocketed. CoinGecko is the source.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/wisdomtree-adds-bitcoin-to-commodity-etf/" aria-label="“WisdomTree Adds Bitcoin to Commodity ETF” (Edit)" rel="noopener noreferrer nofollow">WisdomTree Adds Bitcoin to Commodity ETF</a>
The anticipated IPO of ORDI follows the August introduction of Binance Pool’s <a href="https://www.binance.com/en/support/announcement/binance-pool-launches-ordinals-inscription-service-86073b843fac43f8a1df58936a8ab9ae" rel="noopener noreferrer nofollow">Ordinals Inscription Service</a>, 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.
<blockquote>
 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.
</blockquote>
The post <a href="https://bitcoinworld.co.in/ordinals-price-surges-48-following-binance-listing-announcement/" rel="noopener noreferrer nofollow">Ordinals Price Surges 48% Following Binance Listing Announcement</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Ordinals Price Surges 48% Following Binance Listing Announcement

ItsBitcoinWorld

Other articles published on Nov 7, 2023

Accused spy leaked Indian naval secrets for crypto

Can ADA Price Retest Its Yearly High Amid Successful Cardano Summit 2023?

Ethereum Bullish Revival: Will This Breakthrough Lead To A New Market Phase?

Binance Introduces Memecoin Trading with Zero Maker Fees

Bybit and the American University of Sharjah Highlight Future Tech Leaders in UAE Hackathon

QuickNode Releases The On-Chain Q3-2023 Report

Join our free newsletter for daily crypto updates!