Coinbase to Introduce Worldcoin and Perpetual Futures Offerings Next Week

Coinbase International Exchange to List Worldcoin and Ordinals Perpetual Futures

Coinbase International Exchange has announced its plan to list Worldcoin and Ordinals perpetual futures products on April 11. This move will provide institutional clients access to over 30 perpetual futures and spot markets, adding perpetual swaps as a type of derivative contract.

Worldcoin (WLD) Token

Worldcoin aims to be the world’s largest privacy-preserving human identity and financial network, granting ownership to all. Founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania, Worldcoin’s native token WLD serves as a utility token with governance properties, empowering users to influence the protocol’s future.

ORDI Token

ORDI is a cryptocurrency operating on the Bitcoin protocol, showcasing information like text and images as NFTs and tokens. The Ordinals protocol embeds data into each Satoshi, including text, images, audio, and video, with most ORDI tokens distributed through airdrops to users.

Understanding Perpetual Futures Contracts

Perpetual futures, also known as perpetual swaps or contracts, are derivative financial instruments commonly traded on cryptocurrency exchanges. Unlike traditional futures, perpetual futures lack an expiration date, allowing traders to maintain positions indefinitely by meeting margin requirements and other exchange criteria.

These contracts track the price of the underlying asset, often a cryptocurrency like Bitcoin or Ethereum, settling periodically to the asset’s spot price. To prevent significant deviations from the spot price, funding mechanisms are employed, facilitating payments between long and short positions to align the perpetual futures price with the spot price.

Traders utilize perpetual futures for speculation, hedging, and arbitrage, but it’s crucial to recognize the associated risks, including volatility and potential liquidation if margin requirements are not met.