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

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.

文章来源于互联网:Global crypto exchanges rush to lisk Worldcoin – Is WLD Token the next big thing?

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月25日 02:49
Next 2023年7月25日 04:05

Related articles

  • Russia set to test Digital Ruble with 13 banks

    TL;DR Breakdown Reports have it that the Bank of Russia (BoR) is set to begin operational testing for their CBDC on Aug 15, across 13 banks. According to the deputy governor, citizens and businesses will be able to actively use the national digital currency on their own terms beginning in 2025. CBDCs will make an important conversation in the BRICS meeting coming at the end of the year which Russia is part of. Description Russia is poised to expand its digital ruble pilot by beginning real-world tests with 13 banks next week, the country’s central bank announced on Wednesday. According to reports, the Bank of Russia (BoR) will commence testing operations for the central bank digital currency (CBDC) project using digital rubles on August 15, 2023. Russia to begin … Read more Russia is poised to expand its digital ruble pilot by beginning real-world tests with 13 banks next week, the country’s central bank announced on Wednesday. According to reports, the Bank of Russia (BoR) will commence testing operations for the central bank digital currency (CBDC) project using digital rubles…

    Article 2023年8月10日
  • Binance Revolutionizes Security: Traders Can Now Secure Collateral at Banks

    TL;DR Breakdown Binance responds to increased demands for enhanced security measures by considering a solution that allows institutional traders to secure their collateral at banks, reducing counterparty risk. Collaborations with FlowBank and Bank Frick are being explored as potential intermediaries for this service, providing an added layer of security and instilling confidence among traders. In response to increased demands for enhanced security measures in the wake of FTX’s collapse, cryptocurrency exchange Binance is reportedly considering a solution that would allow institutional clients to secure their trading collateral at banks. Swiss-based FlowBank and Liechtenstein-based Bank Frick have emerged as potential intermediaries for this service, according to anonymous sources familiar with the matter. Contents hide 1 Binance Responds to Counterparty Risk Concerns 2 A Tri-Party Agreement for Enhanced Security 3 The Future Outlook and Binance CEO’s Perspective 4 Conclusion Binance Responds to Counterparty Risk Concerns In the aftermath of the collapse of FTX, which resulted in significant losses for numerous traders, Binance, a leading cryptocurrency exchange, is actively exploring measures to reduce counterparty risk for its institutional clients. Recognizing the growing demand…

    Article 2023年6月3日
  • Retail investors get voting power in BlackRock’s top ETF

    TL;DR Breakdown BlackRock plans to grant retail investors in its iShares Core S&P 500 ETF proxy voting rights from 2024. Investors can select from seven general policies, but cannot vote on individual companies. This move comes amidst criticism that large fund managers prioritize social and environmental goals over investors’ returns. Description In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund … Read more In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund providers, like State Street and Vanguard, explore methods to incorporate ordinary investors’ voice in their investment…

    Article 2023年7月18日
  • Israel & Hong Kong test privacy-focused CBDC for all

    TL;DR Breakdown Israel and Hong Kong’s central banks collaborated on Project Sela to develop a retail-focused CBDC. The CBDC project, a mix of cash and digital benefits, is a proof-of-concept. Description In a ground-breaking move that promises to reshape the financial landscape, Israel and Hong Kong’s central banks, in conjunction with the Bank for International Settlements, recently unveiled the findings of Project Sela. This innovative venture sought to create a unique central bank digital currency (CBDC) for retail consumers, embodying the best of both cash and … Read more In a ground-breaking move that promises to reshape the financial landscape, Israel and Hong Kong’s central banks, in conjunction with the Bank for International Settlements, recently unveiled the findings of Project Sela. This innovative venture sought to create a unique central bank digital currency (CBDC) for retail consumers, embodying the best of both cash and digital functionalities. An Ambitious Fusion of Traditional and Modern Banking Drawing upon the rich expertise of central banks, Project Sela ventured into uncharted territory. Their objective was to mold a CBDC by weaving together pre-established criteria…

    Article 2023年9月13日
  • Visa expands stablecoin settlement to Solana, partners with Worldpay and Nuvei

    TL;DR Breakdown Visa has expanded its stablecoin settlement capabilities to include the Solana blockchain, in addition to its existing Ethereum-based services, partnering with merchant acquirers Worldpay and Nuvei for pilot programs. The expansion aims to speed up cross-border settlements and offer merchants more diversified funding options, especially those in the blockchain and crypto economy. The move marks Visa’s inclusion of Solana as a supported blockchain for settlements, making it one of the first major payment companies to do so, and highlights the growing interest in stablecoins as a viable payment option. Description Visa, a global leader in digital payments, has expanded its stablecoin settlement capabilities to include the high-performing Solana blockchain. The move comes in partnership with merchant acquirers Worldpay and Nuvei, aiming to modernize cross-border money movement and offer more payment options to merchants. Pioneering stablecoin settlements across blockchains Visa’s latest expansion is part of its … Read more Visa, a global leader in digital payments, has expanded its stablecoin settlement capabilities to include the high-performing Solana blockchain. The move comes in partnership with merchant acquirers Worldpay and Nuvei,…

    Article 2023年9月6日
TOP