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Cryptocurrency exchange Coinbase is bringing another set of futures contracts to customers later this month after launching Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).
However, unlike the previous products, which were listed on the exchange’s derivative arm, the company announced Thursday that it will list BRC-20 token Ordinals (ORDI) and Worldcoin (WLD) on its global exchange.
Trading of ORDI and WLD Futures Contracts Starts Next Week
Sharing the news on the social media platform X, the exchange said that starting April 11, users will be able to bet on the expected price performance of the two cryptocurrencies, ORDI and WLD, on both the Coinbase International Exchange and Coinbase Advanced.
@CoinbaseIntExch will add support for Ordinals and Worldcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our ORDI-PERP and WLD-PERP markets will begin on or after 9:30am UTC on 11 APR 2024. pic.twitter.com/GYHPBTGBJG
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 4, 2024
The two cryptocurrencies have experienced significant rallies in recent weeks, driven by a surge in interest in Ordinals-related products that began last year.
ORDI, for example, saw its price surge by 1,640% from $5 on November 1, 2023, to a peak of $87 on March 5. Similarly, WLD reached a high of $11.74 on April 5, after it started trading on exchanges last year at the price of $0.15 on Binance.
With the market eagerly anticipating the next wave of a bull run following the Bitcoin (BTC) halving, these digital assets are poised to sustain their surge. Coinbase’s decision to list the tokens on its futures market has made it possible for institutional investors to participate in trading the assets.
Diverse Investment Options on Both Platforms
The company’s International Exchange is launched explicitly for institutional investors outside the United States. It offers them the opportunity to unlock new trading strategies with direct access to crypto products.
As for Coinbase Advanced, the platform caters to experienced traders with enhanced crypto investment services.
In addition to the ORDI and WLD perpetual futures, which will be listed on the platforms as soon as next week, users can access other types of digital assets and investment products on both Coinbase International and Advanced.
Global Expansion Continues
Meanwhile, Coinbase has been actively expanding its global presence to mitigate regulatory uncertainties in the US.
On Thursday, the company announced that it received a restricted dealer license from the Canadian Securities Administrators (CSA). The license grants the exchange approval to offer its business offerings in the country legally.
So far, the firm has obtained regulatory approvals from multiple nations across the world, including in Europe and Latin America.
