Coinbase International Exchange said in an April 5 X post that it will launch perpetual futures products for WLD and ORDI as early as April 11 and make them accessible to institutional investors on Coinbase Advanced as well as Coinbase International.

Significant price fluctuation and trading volume have been observed in ORDI and WLD in recent months.

Worldcoin rose from $2.20 on February 7 to as high as $11.70 on March 10, indicating that it swiftly became one of the top currencies for cryptocurrency investors looking to gain exposure to the AI market, according to CoinMarketCap statistics.

With ownership open to everybody, Worldcoin seeks to become the greatest privacy-preserving financial and human identity network globally. Sam Altman, Max Novendstern, and Alex Blania established Worldcoin in 2019. Its native token, WLD, is intended to function as a governance-capable utility token that gives users control over the protocol's future course.

From $5 on November 1, 2023, to a high of $87 on March 5, ORDI surged 1,640% as a result of a rush for assets tied to Ordinals that started late last year.

A cryptocurrency called ORDI that delivers text and graphics as NFTs and tokens is built on the Bitcoin system. The bulk of ORDI tokens have been airdropped to users; the Ordinals protocol writes text, photos, music, and video to each Satoshi.

The statement made on April 5 is a part of a wave of new perpetual futures contracts that Coinbase, an exchange geared toward institutions, is introducing to its global arm.

Perpetual futures, often referred to as perpetual swaps or just perpetuals, are a kind of derivative contract that lets traders speculate on the future value of an asset without having to worry about it expiring. Depending on the commodity being marketed, futures contracts must go through a regulatory clearance procedure.

Wormhole's native W (W) currency was made available for trading on Coinbase International Exchange on April 4. The coin was also given away as part of a $850 million airdrop to users of the cross-chain bridge early on.

Notably, Coinbase declared that, provided it complied with the regulatory guidelines set forth by the Commodities Futures Trading Commission, it would initiate futures contracts using the "self-certification" process prior to receiving formal approval from the commission.