ORDI price jumps 47% after Binance listing announcement

Binance, the world’s largest cryptocurrency exchange, announced the listing of Ordinals (ORDI). Against the backdrop of the announcement, the price of the token built on the BRC-20 standard jumped 47%—from around $7.50 to $11.

The asset, with a market capitalization of about $228 million, sits at rank 159 on CoinGecko.

Initially the listing was scheduled for November 7 at 10:00 UTC. The addition of the token to the platform was later postponed to 12:00 UTC without explanation.

Trading of the crypto asset will be available in the following pairs:

• ORDI/BTC;
• ORDI/USDT;
• ORDI/TRY.

Withdrawal will open the next day, November 8.

The exchange also plans to add the ORDI/USDT instrument for margin trading.

Platform representatives warned that the token is “relatively new and presents a higher-than-usual risk.” The token will be assigned the so-called Seed Tag, indicating significant volatility of the financial product.

Earlier the Binance mining pool announced the launch of the Ordinals Inscription Service. The move makes it easier for users to create Bitcoin NFTs.