Coming Soon: Bitcoin- Margined ORDI Listing

May 29, 2023

ORDI will arrive at BitMEX via a new listing – ORDIUSD, with up to 50x leverage, making this new contract one of the highest max position sizes in the industry. Ordinals (ORDI) is a cryptocurrency that operates with inscriptions written on the Bitcoin blockchain. Thanks to the ORDI protocol, information such as text, images, sound, and video can be written to the smallest unit of Bitcoin, satoshi. ORDIUSD Quanto Contract SpecsAs with all quanto contracts, the ORDIUSD product has a fixed Bitcoin multiplier, regardless of the ORDI/USD price. Traders can post margin in XBT, and earn or lose in XBT as the ORDI/USD rate changes.

The source of this news is from BitMEX