Theta Fuel (tfuel) 
Coinbase’s institutional client-facing subsidiary is set to list perpetual future contracts for the BRC-20 tokens Ordinals and Worldcoin on April 11. The announcement was made on April 5 by Coinbase International Exchange, stating that ORDI and WLD perpetual futures will be available to institutional investors on Coinbase International and Coinbase Advanced.
ORDI and WLD have experienced significant price movements and trading volumes in recent months. Worldcoin has gained popularity among crypto investors looking for exposure to the AI industry, with its price rising from $2.20 on Feb. 7 to as high as $11.70 on March 10. Worldcoin aims to be the world’s largest privacy-preserving human identification and financial network, founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania.
ORDI, on the other hand, saw a 1,640% increase from $5 on Nov. 1, 2023, to a high of $87 on March 5. It is a cryptocurrency based on the Bitcoin protocol that offers text and images as NFTs and tokens. The Ordinals protocol writes information to each Satoshi, including text, images, audio, and video.
The introduction of ORDI-PERP and WLD-PERP perpetual futures contracts is part of Coinbase International Exchange’s initiative to offer new trading options to institutional investors. Perpetual futures, also known as perpetual swaps, allow traders to speculate on an asset’s future price without a defined expiration date.
In addition to listing futures contracts for ORDI and WLD, Coinbase International Exchange recently added futures contracts for Wormhole’s native W (W) coin. The exchange also announced plans to introduce futures contracts for Litecoin and Dogecoin, highlighting the growing interest in digital currencies.
Overall, the addition of ORDI and WLD perpetual futures contracts on Coinbase International Exchange and Coinbase Advanced presents new opportunities for institutional investors looking to diversify their portfolios in the cryptocurrency market.
