Considered one of the leading players in the cryptocurrency world, Binance continues to grow steadily and continue to offer more options to the cryptocurrency community. Finally, an important listing announcement was made about a new altcoin on the Binance platform, and this announcement created great excitement among altcoin investors. The asset in question is Ordinals (ORDI).
In order to offer a new opportunity to crypto money investors, Binance announced the Ordinals (ORDI) asset to the stock exchange’s spot trading operations at 15.00 GMT. added. Ordinals (ORDI) stands out as one of the most interesting projects of the cryptocurrency world recently, and therefore its presence on the Binance platform allows the project to be discovered and accessible by more people. In the official announcement made by Binance, it was stated that ORDI/BTC, ORDI/USDT and ORDI/TRY trading pairs will be launched. These trading pairs offer users the ability to exchange and trade Ordinals (ORDI) with other cryptocurrencies.
However, the announcement is not limited to this. Binance also decided to launch isolated margin trading on Ordinals (ORDI). This offers traders the ability to use higher margins, allowing them to further diversify their trading strategies. This development stands out as a step that makes altcoin trading more complex and offers more options.
Immediately following the announcement, there was a notable increase in the price of the Ordinals (ORDI) asset. In a short time, the asset increased its value by over 40%. This can be considered an indication that new assets listed on the Binance platform generally attract the attention of investors and such announcements can quickly affect prices.
Ordinals (ORDI) stands out as an interesting project that makes a significant contribution to the crypto world as a private protocol containing Bitcoin NFTs. Listing this altcoin project on the Binance platform allows more people to explore and trade this innovative concept. However, it is important to do careful research and be aware of the risks before investing in any cryptocurrency.
In addition, he added a warning to the announcement stating that Binance classifies ORDI as an emerging project with the “seed” label. The exchange warned users about the token’s higher-than-usual risk profile and stated that it may experience high price volatility. Despite this warning, ORDI’s trading volume increased to approximately $100 million in the same 24-hour period.
You can follow the current price movement here.