Binance, the world's largest cryptocurrency exchange, continues its altcoin support statements.
Binance announced today that it will launch futures for the popular NFT platform Blur's teokene BLUR with up to 20x leverage.
The funding rate on Binance BLUR futures has also revealed when it will launch.
Binance made the following statements in its statement:
“Binance Futures will launch the BLUR/Tether (USDT) perpetual contract at 12:00 UTC on 28.04.2023 with up to 20x leverage.
When Multi-Asset Mode is enabled, users can use Bitcoin (BTC) as collateral when trading the BLUR/USDT perpetual contract. "
After Binance's announcement, BLUR registered a 15% increase. BLUR continues to trade at $0.7017 at the time of writing.
*Not investment advice.