In a recent statement released by Binance, a leading global cryptocurrency exchange, the platform has revealed its intention to list the Blur (BLUR) cryptocurrency token and initiate trading. The announcement, made on November 23, has attracted significant attention from the crypto community, coinciding with a substantial 30% surge in the BLUR token’s price.
Binance’s statement outlined the upcoming availability of spot trading pairs for the BLUR token, with trading set to commence on November 24 at 09:00 UTC. The designated trading pairs include BLUR/BTC, BLUR/USDT, and BLUR/TRY. Users are encouraged to deposit BLUR in preparation for trading, and withdrawals will be enabled from November 25 at 06:00 UTC. Notably, Binance has waived the listing fee for the Blur token, marking it at 0 BNB.
Additionally, within 48 hours of BLUR trading commencement on Binance, the exchange plans to introduce BLUR as a new borrowable asset with a margin pair of BLUR/USD on an Isolated Margin. A Seed Tag will be applied to the BLUR token, signaling heightened volatilities and risks compared to other listed assets.
As of the latest update, the price of Blur has experienced a notable uptick of 27.45% within the past 24 hours, reaching $0.6244. Over the last seven days, the token has seen an impressive 84.29% surge, while the month-long performance reflects a substantial 194.36% increase.
Binance’s decision to list the BLUR token aligns with the recent surge in its value, generating speculation within the cryptocurrency markets. This surge coincides with Blur’s collaboration with Blast, a layer2 solution, leading to the allocation of airdrops for season 3. Notably, Blur has emerged as a prominent NFT lending protocol within the NFT markets following these strategic advancements.
