Binance, the leading global cryptocurrency exchange, recently announced its support for the BLUR token, listing it on the platform, resulting in a notable 25% increase in its value over the last 24 hours.
In the statement released on Friday, Binance reported the immediate commencement of trading for BLUR/BTC, BLUR/USDT, and BLUR/TRY starting at 09:00 UTC. Users were advised to start depositing BLUR while awaiting the official opening of operations.
Withdrawals of the native Blur token, associated with the world’s largest NFT market, will not be available until November 25 at 06:00 UTC. Additionally, the exchange plans to introduce BLUR as a new borrowable asset with the BLUR/USDT pair on Isolated Margin, expected to occur within the next 48 hours from the start of spot trading.
Binance Proceeds with Caution
It is noteworthy that Binance included a unique condition in its support for BLUR, known as the “Seed Tag.” This designation implies that BLUR is a new project with potentially higher levels of volatility and risks compared to other listed tokens. Recent legal challenges faced by Binance could influence this cautious measure.
To ensure continuous access to BLUR trading, users must pass quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, in addition to repeatedly accepting the Terms of Use.
In response to the announcement of its inclusion on Binance, Blur’s value increased by 24.65% in the last 24 hours, reaching a value of $0.6388 at the time of writing, according to CoinMarketCap data. This represents another step in the extended bullish run that Blur has experienced, accumulating a growth of 104% in the last 7 days and an impressive 159% in the last month.
Binance’s inclusion is further good news for Blur, which just 28 days ago was trading at $0.2299 per unit.
On the other hand, its market capitalization is also on the rise. After a 24% takeoff, it recently surpassed $700 million, while its 24-hour trading volume was just over $929 million, showing a moderate growth of nearly 3%.
