Coinbase Lists Worldcoin and Ordinals Perpetual Futures for Institutional Traders

Coinbase International Exchange has announced the upcoming listing of Worldcoin (WLD-PERP) and Ordinals (ORDI-PERP) perpetual futures products on April 11th. These perpetual futures, a type of derivative contract without an expiration date, enable traders to hold positions indefinitely. Coinbase International Exchange, catering to institutional clients, offers access to an array of perpetual futures and spot markets.

Coinbase International Exchange to List Worldcoin and Ordinals Perpetual Futures

Coinbase International Exchange, a leading cryptocurrency trading platform, has announced the upcoming listing of Worldcoin (WLD) and Ordinals (ORDI) perpetual futures products, scheduled for April 11, 2023. These perpetual futures, also known as perpetual swaps, are derivative contracts that offer unique advantages for traders.

Understanding Perpetual Futures Contracts

Perpetual futures are a type of financial instrument that allows traders to speculate on the future price of an underlying asset, such as a cryptocurrency. Unlike traditional futures contracts, which have a fixed expiration date, perpetual futures do not expire and can be held indefinitely. This characteristic provides traders with flexibility and allows them to maintain their positions for extended periods.

Perpetual futures contracts are settled periodically based on the spot price of the underlying asset. Funding payments are used to ensure that the futures price remains aligned with the spot price. Traders use perpetual futures for various purposes, including speculation, hedging, and arbitrage. However, it is crucial to note that trading perpetual futures involves substantial risks, including potential losses due to price volatility and the risk of liquidation if margin requirements are not met.

Worldcoin: The Privacy-Preserving Network

Worldcoin is a project launched in 2019 with the mission of creating a global human identity network that respects privacy. The native token of the Worldcoin ecosystem, WLD, serves as a utility token with governance properties, allowing users to participate in decision-making processes.

Ordinals: Bringing NFTs to Bitcoin

Ordinals is a project that enables users to inscribe data, such as images and text, into Bitcoin transactions, creating non-fungible tokens (NFTs) on the Bitcoin blockchain. The ORDI token is the native cryptocurrency of the Ordinals network and has been distributed through an airdrop, indicating a distribution strategy that aims to reach a broad user base.

Coinbase's Expansion of Futures Offerings

The listing of Worldcoin and Ordinals perpetual futures on Coinbase International Exchange marks a significant expansion of the exchange's futures offerings. This expansion provides institutional clients with access to a broader range of financial instruments, enabling them to engage in diverse trading strategies.

Benefits of Trading Perpetual Futures

Perpetual futures can offer several benefits to traders, including:

• Flexibility: Perpetual futures contracts do not have an expiration date, allowing traders to hold their positions indefinitely.
• Versatility: Perpetual futures can be used for various trading strategies, such as speculation, hedging, and arbitrage.
• Leverage: Traders can use leverage to amplify their potential returns, although it also magnifies potential losses.

Risks of Trading Perpetual Futures

It is paramount for traders to be aware of the risks associated with trading perpetual futures, including:

• Volatility: The cryptocurrency market is known for its high volatility, which can result in significant price fluctuations.
• Liquidation: Traders who do not maintain sufficient margin levels risk having their positions liquidated, resulting in substantial losses.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrency trading is evolving, and changes in regulations could impact the trading of perpetual futures.

Conclusion

The listing of Worldcoin and Ordinals perpetual futures on Coinbase International Exchange is a noteworthy development for the cryptocurrency market. These perpetual futures provide traders with additional options for speculating on the future price of these digital assets. However, traders should exercise caution and fully understand the risks involved before engaging in perpetual futures trading.