Binance Futures Launching BLUR Perpetual Contract On April 28th
- Binance Futures is launching the USDⓈ-M BLUR perpetual contract on April 28th, 2023, with up to 20x leverage.
- Traders will have access to 24/7 trading and support for multiple margin assets, subject to change based on market risk conditions.
Binance Futures will launch the USDⓈ-M BLUR perpetual contract on April 28th, 2023, with up to 20x leverage, 24/7 trading, and support for multiple margin assets, subject to change based on market risk conditions.
Binance Futures is set to launch the USDⓈ-M BLUR perpetual contract on April 28th, 2023. The contract will provide traders with up to 20x leverage and will be available for trading 24/7. The underlying asset for the contract is BLUR, with a settlement in USDT. The tick size for the contract is 0.0001, and the capped funding rate is Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio). Multi-Assets Mode will be supported, allowing users to trade the BLURUSDT Perpetual Contract across multiple margin assets.
|USDⓈ-M Perpetual Contract||BLURUSDT|
|Launch Time||2023-04-28 12:00 (UTC)|
|Capped Funding Rate||Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)|
As reported, Blur paid out $12.6 million in royalties to authors in March, an increase from $11.2 million in February. This surpasses OpenSea, whose royalties decreased from $17.3 million to $9.9 million. Despite its previous dominance, Blur has gained significant trading activity and is now competing with OpenSea. Blur is both an NFT marketplace and aggregator and recently secured $11 million in seed funding from Paradigm.
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