Binance Futures Launching BLUR Perpetual Contract On April 28th

Key Points:

• 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.

It’s important to note that Binance may adjust the specifications of the BLURUSDT Perpetual Contract from time to time, which includes tick size, maximum leverage, initial margin, and/or maintenance margin requirements, based on market risk conditions. The BLURUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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