Overseas version of Binance opens spot trading market for virtual currency BLUR

1 year ago 51

Started BLUR spot trading

Binance, an overseas crypto asset (virtual currency) exchange, announced on the 24th that it will open a spot market for NFT marketplace Blur’s native token “BLUR” as a new trading option.

Spot trading of BLUR is scheduled to begin in pairs with Bitcoin (BTC), Tether (USDT), and Turkish Lira (TRY) at 18:00 on November 24, 2023 Japan time.

BLUR tokens have been previously listed on major exchanges around the world, including Coinbase, Kraken, and South Korea’s Bithumb. In April, Binance listed BLUR on a USD-denominated perpetual futures market offering up to 20x leverage.

Following the announcement of support for the new spot market, the price of BLUR surged by about 25% from the previous day (at the time of writing).The trading volume in the past 24 hours reached about $90 million (about 13 billion yen). There is.

connection:The reason behind the weekly trading volume of the emerging NFT market “Blur” exceeding that of OpenSea

What is Blur?

Blur uses a high-speed aggregation model. It enables the central trading of NFTs on other NFT marketplaces such as OpenSea, X2Y2, and LooksRare, and is rapidly expanding its market share, especially with its trading-specific user interface and user experience (UI/UX). .

Blur has also run intermittent reward programs, with more than 8,000 addresses confirmed to have participated in farming activities, particularly during Season 2, which ended on November 20th. Partly due to the influence of this program, the price of BLUR token has increased 140% month-on-month in the past month.