Binance was just one of several crypto exchanges to announce that it would begin trading for Worldcoin (WLD). The industry's largest exchange by volume said it would “tentatively” begin today at 5 am EST.
Worldcoin beta participants who received WLD tokens can also deposit their tokens Binance, which enabled this feature earlier today.
Additionally, the exchange also plans to support leveraged trading on WLD through its isolated margin feature.
The token has already begun trading on ByBit two hours before Binance’s scheduled launch at $0.3 per coin, before jumping to highs of $2.79 within fifteen minutes. The token was last trading on the exchange at $2.42.
Data produced by CoinGecko indicates a total token supply of 10 billion tokens, and at today’s prices that would give the token a fully diluted value of $25.6 billion at press time.
The token is issued on Ethereum and the popular layer-2 scaling solution Optimism.
Worldcoin is a cryptocurrency project founded by Sam Altman, the CEO of OpenAI. It is a decentralized identity and payment protocol that authenticates users by scanning their eyes.
The project awarded beta users of the World App with WLD tokens. Beta users had to go through a biometric verification process via one of the project’s many “orb” machines to create a World ID on the application and receive WLD tokens.
OKX has also begun WLD deposits and is expected to start trading shortly. The exchange wrote in a press release that it will begin spot trading “once the WLD token deposit meets our requirements.”