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Global crypto exchanges rush to lisk Worldcoin – Is WLD Token the next big thing?

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TL;DR Breakdown

  • Worldcoin’s WLD token gained significant attention after its price surged over 75% upon being listed on Binance, the leading global crypto exchange.
  • Despite regulatory scrutiny in the US, Worldcoin operates in 35 cities across 20 nations, but WLD tokens are unavailable in the United States.
  • The WLD token is listed on several exchanges like Binance, Huobi, Bybit, and OKX, leading to a flurry of activity among investors.

Description

The recent introduction of Worldcoin (WLD) has taken the DeFi ecosystem by storm. The crypto market has long been recognized for its inherent volatility, with newly introduced tokens frequently encountering substantial price variations upon their inclusion in prominent exchange platforms.  The recently established digital token garnered significant attention within the crypto community due to its … Read more

The recent introduction of Worldcoin (WLD) has taken the DeFi ecosystem by storm. The crypto market has long been recognized for its inherent volatility, with newly introduced tokens frequently encountering substantial price variations upon their inclusion in prominent exchange platforms. 

The recently established digital token garnered significant attention within the crypto community due to its remarkable price increase. The coin surged more than 75% shortly after its inclusion on Binance, a prominent global crypto exchange renowned for its size and influence.

The abrupt surge in value has captured the attention of experienced traders and novice investors alike. Right now, these investors endeavor to comprehend the elements that propelled this relatively obscure token to such remarkable levels.

Crypto exchanges list WLD Token

On Monday, July 24, OpenAI CEO Sam Altman officially revealed the Worldcoin Project to the public. Soon after the launch, some of the largest crypto exchanges, including Binance, announced plans to list the WLD token on their platforms.

All of these platforms used Twitter (now X) to notify their users of the token’s listing. In this regard, Bybit stated that the crypto exchange will offer trading pairings such as WLD/USDC and WLD/USDT.

Huobi indicated that the platform’s trading pair will be WLD/USDT. Huobi also stated that the crypto exchange had opened deposits for the WLD coin, as announced on its official Twitter account, and it has also begun trading with the corresponding token.

As a result, there has been a flurry of activity as early investors seek to acquire WLD tokens. The WLD token’s price has increased by over 60% in just over an hour since it was listed on Binance, and it is now trading at $2.97 with a market worth of $228 million.

Worldcoin’s WLD token is available on several crypto exchanges, including Binance, Huobi, Bybit, and OKX. Sam Altman, a co-founder of ChatGPT and the world’s most anticipated crypto project, co-founded Worldcoin.

The initial launch of WLD caused a stir, and subsequent accusations of security holes and allegations of misleading marketing methods have dominated the conversation about crypto ever since.

OpenAI CEO and ChatGPT developer Sam Altman used a physical imaging gadget dubbed the “Orb” to sign up users worldwide. After registering, users will be able to receive WLD tokens while maintaining their account anonymity, which is one of the main goals of the project.

However, the release coincides with increased regulatory scrutiny of token issuers in the United States. Although Worldcoin will soon operate in 35 cities across 20 nations, WLD tokens will not be available in the United States.

In a letter announcing the debut, co-founders Alex Blania and Sam Altman wrote,

Worldcoin is an attempt at global scale alignment, the journey will be challenging and the outcome is uncertain. But finding new ways to broadly share the coming technological prosperity is a critical challenge of our time. We hope you’ll join us.

Alex Blania & Sam Altman

Worldcoin completed a Series C investment round with $115 million in May of this year. Blockchain Capital served as the round’s lead investor. Distributed Global, Bain Capital, and a16z all contributed to the round.

Binance and OKX to offer spot trading with Worldcoin Token

More importantly, it was reported that Binance will list the token and provide three trading pairings. WLD/USD and WLD/BTC are two examples of spot trading pairings. The WLD token can now be deposited on Binance. 

However, it also showed that the withdrawals would begin on the 25th of this month. The crypto marketplace then elaborated, saying that the coin will be available to borrow in a unique capacity. It will use WLD/USDT as its own Isolated Margin Pair. 

The WLD token has been listed on the OKX crypto exchange, and the company has already begun accepting deposits in the token. However, When the deposit meets its set standards, the crypto exchange will open for spot trading.

The OKX withdrawal facility is scheduled to open on July 25. It is widely known that the Worldcoin protocol is open-source. It’s an effort to facilitate participation in the global economic system. 

World ID, part of Worlcoin, is a secure digital identifier to ease identification-related problems. In addition, it provides World App, a self-custodial app that facilitates international commerce and payments.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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