ORDI Prices Surge More Than 40% As Binance Announces To List Ordinals

Crypto News – Binance announced today that it will begin to offer spot trading pairings in ORDI/BTC, ORDI/USDT, and ORDI/TRY.

ORDI Prices Surge More Than 40% As Binance Announces To List Ordinals

Withdrawals for ORDI are opening at 6:30 a.m. UTC on November 8, the announcement reads.

Along with the new margin pair ORDI/USDT on Isolated Margin, the exchange also intends to add ORDI as a new borrowable asset. Following the announcement of Binance’s listing, the price of ORDI increased 48% on the last day to trade at $11.01, a new high since May, according to CoinGecko data.

ORDI will be Seed-Tagged as it is a New Token

ORDI is set to list after the launch of Binance Pool’s Ordinals Inscription Service in August, which made it easier for users to put additional data onto the Bitcoin blockchain. The Ordinals protocol gained traction earlier in the year, enabling the creation of BRC-20 and NFT currencies on the Bitcoin network. However, as ORDI is a relatively new coin with a higher-than-typical risk and is likely to witness significant price volatility, Binance issued a warning in the listing announcement.

According to the exchange, the ORDI coin will have a “Seed Tag” attached to it, signifying projects that are potentially more volatile and risky than others. Users will need to complete the related tests on the Binance Spot or Binance Margin platforms every ninety days in order to receive these seed tag tokens, the announcement reads.