Binance said it will list Ordinals (ORDI) today with three new spot trading pairs.
Users can start depositing their ORDI tokens, but withdrawals will commence tomorrow.
Data from CoinMarketCap shows ORDI surged over 50% following the announcement.
Crypto exchange Binance announced today the listing of the Ordinals (ORDI) token on its platform. With the development, Binance joins a growing list of crypto trading platforms to have listed the token.
Notably, the crypto exchange disclosed in the announcement it will list the token with new spot trading pairs ORDI/BTC, ORDI/USDT/, and ORDI/TRY. The crypto exchange said it will open trading for these pairs today at 10:00 (UTC).
According to Binance, users can start depositing ORDI before trading activities start on the platform. However, the crypto exchange said ORDI withdrawal won’t open until November 8, at 06:30 (UTC). Furthermore, the crypto exchange said the first 1000 users to deposit a minimum of 72 ORDI will qualify for some rewards.
Following the announcement, ORDI price recorded a significant surge in its price, with crypto investors trooping in. Data from CoinMarketCap shows the token, which had remained relatively flat, shot from $7.4 to an impressive $11.09 at the time of press.
On the weekly price chart, the token has recorded a staggering 121% increase in its value. On the broader four-week chart, the token is up 215% after rising from lows of around $3 per token.
Similarly, trade volumes have picked up since the Binance announcement. Moreover, in the past 24 hours, the token has registered over $100 million—a 171% increase in its trade volume. At present, ORDI has a market cap of $232 million, which places it as the 244th-ranked cryptocurrency network in the world.
The post Binance Announces Ordinals (ORDI) Listing; Token Surges 50% in Reaction appeared first on Coin Edition.
