Binance lists Blur token as its value surges By Investing.com
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The world’s largest cryptocurrency exchange by trading volume, Binance, has officially commenced support for the NFT marketplace Blur’s native token, BLUR. Trading pairs such as BLUR/BTC, BLUR/USDT, and BLUR/TRY went live today at 09:00 UTC. This move comes on the heels of Blur founder Tieshun Roquerre’s announcement of a $40 million investment into the ecosystem and the unveiling of their layer-2 network, Blast.
The market response to these developments has been markedly positive. BLUR’s price climbed to $0.62, reflecting a sharp increase of more than 25% in a single day and nearly doubling its value over the past week. The token’s market capitalization has now reached $690.7 million. The heightened investor interest is partly due to the strategic alliance with Blast, which includes season 3 airdrop allocations for BLUR holders.
In light of its rapid price appreciation and significant role as a leading NFT lending protocol—especially after partnering with Blast—Binance has assigned BLUR a Seed Tag, indicating a higher volatility and risk assessment. This tag is meant to inform traders of the dynamic market activity surrounding the token.
Furthermore, Binance has announced plans to add BLUR as a borrowable asset on an Isolated Margin pair shortly after trading begins. Additionally, within two days following the trading start, a new margin pair for will be introduced to cater to the growing demand.
Deposits for the cryptocurrency began ahead of the trading launch, with withdrawals slated to be enabled tomorrow at 06:00 UTC. Notably, Binance has listed BLUR without imposing any listing fee.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
The world’s largest cryptocurrency exchange by trading volume, Binance, has officially commenced support for the NFT marketplace Blur’s native token, BLUR. Trading pairs such as BLUR/BTC, BLUR/USDT, and BLUR/TRY went live today at 09:00 UTC. This move comes on the heels of Blur founder Tieshun Roquerre’s announcement of a $40 million investment into the ecosystem and the unveiling of their layer-2 network, Blast.
The market response to these developments has been markedly positive. BLUR’s price climbed to $0.62, reflecting a sharp increase of more than 25% in a single day and nearly doubling its value over the past week. The token’s market capitalization has now reached $690.7 million. The heightened investor interest is partly due to the strategic alliance with Blast, which includes season 3 airdrop allocations for BLUR holders.
In light of its rapid price appreciation and significant role as a leading NFT lending protocol—especially after partnering with Blast—Binance has assigned BLUR a Seed Tag, indicating a higher volatility and risk assessment. This tag is meant to inform traders of the dynamic market activity surrounding the token.
Furthermore, Binance has announced plans to add BLUR as a borrowable asset on an Isolated Margin pair shortly after trading begins. Additionally, within two days following the trading start, a new margin pair for will be introduced to cater to the growing demand.
Deposits for the cryptocurrency began ahead of the trading launch, with withdrawals slated to be enabled tomorrow at 06:00 UTC. Notably, Binance has listed BLUR without imposing any listing fee.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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