HomeNewsBinance Embraces BLUR: Listing Announcement Coincides with 30% Price Spike

Binance Embraces BLUR: Listing Announcement Coincides with 30% Price Spike

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  • Binance is set to list the Blur (BLUR) token, with trading pairs including BLUR/BTC, BLUR/USDT, and BLUR/TRY.
  • BLUR token’s price has seen a remarkable surge, with a 27.45% increase in the last 24 hours and an 84.29% rise over the past week.

Binance Ushers in Blur Token

In a notable development within the cryptocurrency sphere, Binance, one of the world’s premier cryptocurrency exchanges, has announced its plans to list the Blur (BLUR) token. This move has attracted significant attention from the crypto trading community, as the token has recently experienced a dramatic increase in value.

Trading Pairs and Preparation for BLUR

Scheduled to begin on November 24 at 09:00 UTC, Binance will introduce several spot trading pairs for BLUR, including BLUR/BTC, BLUR/USDT, and BLUR/TRY. In anticipation of this listing, users can already deposit BLUR into their Binance accounts. Withdrawals for BLUR will commence on November 25 at 06:00 UTC.

Interestingly, Binance has set the listing fee for Blur at 0 BNB, demonstrating the exchange’s support for the token’s introduction to a broader trading audience. In addition, Binance will feature BLUR as a new borrowable asset on an Isolated Margin, creating a new margin pair, BLUR/USD, within 48 hours of BLUR’s trading debut on the platform.

Increased Risks and Volatility

With the listing, Binance will also apply a Seed Tag to the BLUR token. This tag serves as a caution to traders about the heightened volatilities and risks associated with new listings compared to more established cryptocurrencies.

A Surge in Blur’s Market Value

At the time of reporting, the price of Blur has seen a substantial jump of 27.45% in the past day, with its value reaching $0.6244. This increase is part of a larger trend over the past week, where BLUR experienced an 84.29% rise, and an even more impressive 194.36% surge over the past month.

The timing of Binance’s listing announcement appears to coincide with this significant upward movement in BLUR’s market value. This has led to much speculation and interest within the cryptocurrency markets regarding the future trajectory of the token.

Blur’s Growing Presence in the NFT Market

The recent price surge of BLUR also aligns with its partnership with Blast, a layer2 solution. This collaboration has led to the allocation of airdrops for season 3. Consequently, Blur has rapidly gained traction as one of the largest NFT lending protocols in the NFT markets, further cementing its emerging significance in the digital asset space.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628