Coinbase Launches Experimental Asset Blur
According to official Twitter, Coinbase announced that it would launch Blur (BLUR) and classified the token as \”experimental asset\”. If the liquidity condition…
According to official Twitter, Coinbase announced that it would launch Blur (BLUR) and classified the token as “experimental asset”. If the liquidity conditions are met, the transaction will start on February 14. If sufficient supply of the asset is established, the transaction of BLUR-USD transaction pair will be opened in stages.
Coinbase will go online Blur (BLUR)
Interpretation of the news:
Coinbase, one of the world’s leading cryptocurrency exchanges, made an interesting announcement recently. According to their official Twitter account, the company has revealed that it is planning to launch a new token named “Blur” (BLUR). However, this asset will be classified as an “experimental asset,” which means that it will be more volatile than other cryptocurrencies.
Coinbase’s decision to classify Blur as an experimental asset is not surprising. The cryptocurrency market is still in its early stages of development, and there are many uncertainties and risks involved. By labeling Blur as an experimental asset, Coinbase is warning its users that they should be cautious when trading this token.
The company has also specified that the launch of Blur will be dependent on liquidity conditions. This means that if there is not enough demand for the token, the launch could be delayed. However, if there is sufficient liquidity, the transaction will commence on February 14. The launch of this token will be a significant moment for the cryptocurrency market as it will add a new asset to Coinbase’s portfolio.
Furthermore, Coinbase announced that if sufficient supply of the asset is established, the transaction of BLUR-USD transaction pair will be opened in stages. This means that the launch of Blur will be gradual, meaning that the asset will be rolled out slowly, and users will have to wait to buy and trade it.
In conclusion, Coinbase’s announcement of a new experimental asset is a significant event for the cryptocurrency world. The company’s decision to classify Blur as an experimental asset demonstrates that they understand the risks involved with trading cryptocurrencies. Additionally, the launch of Blur will add another asset to Coinbase’s portfolio, which is an indication that the company is expanding its reach. Nevertheless, users will have to wait and see as to when the liquidity conditions will be met, and when the transaction for BLUR-USD transaction pair will be opened in stages.
Keywords:
Coinbase: A leading cryptocurrency exchange, Blur: An experimental asset, Liquidity: Launch dependent on demand, Supply: Gradual launch.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/147/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Animoca Brands’ NFT series Mocaverse faces delay in public casting due to OpenSea’s royalty policy adjustment
According to the report, the NFT series Mocaverse of Animoca Brands announced that because OpenSea recently adjusted the royalty policy, the on-chain royalty o…
-
Germany is considering “blocking” ChatGPT
On April 4th, it was reported that on April 3rd, a spokesperson for the German Federal Data Protection Commissioner stated that due to data protection considerations, it is possibl
-
An Overview of the Recent Decrease in SHIB Destruction Activities
According to reports, recently, SHIB destruction activities seem to be decreasing. According to a recent tweet shared by Shibburn, unlike a few weeks ago, only slightly more than 3
-
Bitcoin Network Stats: Transactions, Computing Power, and Difficulty
According to reports, according to BTC.com data, the current number of unconfirmed transactions across the Bitcoin network is 28252, the overall network computing power is 321.62 EH/s, and the 24-hour transaction rate is 3.08 transactions/s. Currently, the overall network difficulty is 43.55 T. It is predicted that the next difficulty will be increased by 2.20% to 44.51 T. There are still 4 days and 13 hours left before the adjustment. The number of unconfirmed transactions across the Bitcoin network is 28252 Analysis based on this information:The Bitcoin network is a complex system that comprises several interconnected components that work in unison to enable the smooth operation and security of transactions. Many factors impact the network’s performance, such as the number of unconfirmed transactions, computing power, difficulty, and transaction rate. Recently, BTC.com published data indicating that there are 28,252 unconfirmed transactions across the Bitcoin network. This is a potential cause for concern because unconfirmed transactions can cause blockages in the network…
-
Cryptocurrency Regulation in the EU: A Milestone Development in Global Finance
According to reports, EU legislators on Thursday issued a new cryptocurrency regulation, MiCA, with 517-38 votes in favor and 18 abstentions, making it the first jurisdiction in th
-
Trader Joe Launches BNB Chain with Liquidity Book AMM
It is reported that Avalanche Ecological DEX Trader Joe announced the launch of BNB Chain, introducing the centralized liquidity AMM \”Liquidity Book\” into the …
-
What Does Ethereum Mean (Ethereum Fund App Download)
What does Ethereum mean? According to official statements, in the world of block
-
Federal Reserve Chairman Announces Revised Balance Sheet Policy After SVB Collapse
On March 23rd, Federal Reserve Chairman Powell said that after the collapse of Silicon Valley Bank (SVB), the Federal Reserve significantly reversed its efforts to reduce the size
-
Acquiring First Republic Bank: Major Banks Competing to Take Over
On April 29th, according to sources, major banks including JPMorgan Chase and PNC Financial Services Group are competing to acquire First Republic Bank, and the transaction will ta
-
USDC Short-term Anchor Release Declines by 2.1%
According to the report, according to the data of Coingecko, the short-term anchor release of USDC is currently down to US $0.978916, with a decline of 2.1% in…
-
Article Title: Blockchain Capital Sells Most of LSD Currencies in Profitable Selling Spree
According to reports, according to Twitter user residue monitoring, Blockchain Capital sold most of the LSD currencies this morning and received a profit of $2.23 million. Blockcha
-
What does “mint rush” mean? (What does “rush” mean in English?)
What does \”mint rush\” mean? \”Mint rush\” means that in the Mint protocol, indisc
-
On April 19th, Messari Founder Reveals Plan to Create $100M Political Movement to Support Encryption Industry: What This Means for the Future
On April 19th, Messari founder Ryan Selkis tweeted, \”In the next 18 months, I will help lead a $100 million multi entity political movement that supports the encryption industry. I
-
What is the use of the S9 miner (S9h miner)?
What is the use of the S9 miner? Editor\’s note: This article is from Carbon Cha
-
The Rapid Growth of zkSync: Ethereum’s Layer 2 Expansion Solution Sets Daily Trading Volume Record
On March 25th, according to data from Dune Analytics, the trading volume of zkSync, the Ethereum Layer 2 expansion solution, reached about 2025135 transactions this week, setting a
-
What is bcx coin (bchabc)?
What is bcx coin? According to Bitcoin news, bcx coin (BitCoinCash) is an upgrad