Binance is gearing up to launch new ORDI Perpetual Contracts. These come with a sweet deal — a 10% cut on trading fees. Traders can start using them from February 22, 2024.
These contracts draw strength from the Multi-Asset Mode. This means they let traders back their futures with a mix of crypto assets. Traders can bet on ORDI's price moves. Get it right, they stand to win based on the bet size. But there's a risk — wrong calls could mean steeper losses.
Traders also get more control — they can leverage up to 75 times their stake. The funding rate swings between +2% and -2%, checking in every four hours.
ORDI's the new kid on the block. This memecoin works on the Bitcoin network. It allows traders to embed data like words and pictures onto Satoshis — Bitcoin's smallest units. And it's soaring. Since last year, it's set the bar high in the crypto meme world.
The buzz around its Binance debut has ORDI's price jumping. In the greater BRC-20 arena, the market cap just hit $2.9T with over $392M traded in a day.
