The Ordinals perpetual futures, also known as perpetual swaps, are a type of derivative contract that Coinbase International Exchange has announced it will list on April 11 along with Worldcoin. Institutional clients can access over 30 perpetual futures and spot markets through Coinbase Exchange. The Ordinals perpetual futures will trade under ORDI-PERP and the Worldcoin perpetual futures under WLD-PERP.

The WLD Token

With ownership granted to all, the WLD Token Worldcoin aims to become the greatest privacy-preserving financial network and personal identity in the world. Worldcoin was founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania. Users can influence the direction of the protocol with the help of its native token, WLD, which is intended to be a utility token with governance features.

The ORDI Currency
A cryptocurrency called ORDI is based on the Bitcoin protocol and displays text and visual data as NFTs and tokens. The bulk of ORDI tokens have been airdropped to users; the Ordinals protocol writes text, images, audio, and video to each Satoshi.

Perpetual Futures Contracts: What Are They?

Commonly traded on cryptocurrency exchanges, perpetual futures—also referred to as perpetual swaps or perpetual contracts—are a kind of derivative financial instrument. Perpetual futures are not subject to an expiration date, in contrast to ordinary futures contracts. As long as they retain the necessary margin and adhere to other exchange criteria, traders are free to keep their holdings indefinitely.

In addition to mirroring the price of the underlying asset—typically a cryptocurrency like Ethereum or Bitcoin—perpetual futures also settle on a regular basis to the asset's spot price.

Funding is utilised to prevent the perpetual futures price from moving too much away from the current price. In order to maintain the perpetual futures price's alignment with the spot price, funding payments are made between long and short positions.

Perpetual futures are used by traders for a variety of strategies, including as arbitrage, hedging, and speculating. It's crucial to remember that dealing perpetual futures involves significant risks, such as volatility and the possibility of liquidation if margin requirements are not met.