Binance has unveiled its plans to list Worldcoin (WLD) futures for its users on October 2, a push that has not influenced the token’s price
Binance, the largest cryptocurrency exchange, plans to add the Worldcoin (WLD) product. Co-founded by Sam Altman, CEO of OpenAI, Worldcoin has recently become one of the most talked-about digital assets. This listing has captured the interest of investors worldwide, who are keen to engage with the project.
This move reflects Binance’s commitment to expanding its derivatives market and catering to the growing interest in recently listed projects like Hamster Kombat.
Binance Sparks Intrigue With Worldcoin Futures Launch
Binance’s plan to list WLD futures has ignited fervor among market watchers. The digital asset price surged by 27% over the past week, which indicates potential for further gains.
The leading exchange disclosed that from October 2, Binance’s futures division will launch the WLDUSD COIN-M perpetual contract. Interestingly, this will allow users to trade with leverage of up to 20x.
This initiative aims to broaden the trading options for its users. However, the multi-assets mode will not be available for this particular coin. The tick size for the futures contract is set at 0.0001.
As is typical for Binance, the exchange has warned that it may modify the perpetual contract based on market risk. This could involve changes to funding fees, tick size, maximum leverage, and margin requirements.
Worldcoin’s WLD Token Gains Widespread Adoption
Binance is not alone in embracing the newly launched WLD token. Notably, other prominent exchanges like OKX, Huobi, Bybit, and Gate.io joined the fray, expanding trading opportunities for this emerging asset.
This wave of listings has sparked a bullish sentiment around WLD, which boasts a total supply of 10 billion tokens. The asset’s fully diluted market value has skyrocketed to an impressive $25.6 billion.
As the project gains traction, its potential impact on the economy, particularly through generative AI and the concept of universal basic income, has come into focus. As of writing, WLD’s price was trading at $2.094, down by 1.5% in 24 hours per CoinMarketCap’s data.
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