1. PixelPlaygroundHome
  2. Web3 News

Coinbase Launches Experimental Asset Blur

• Web3 News • 136 views

According to official Twitter, Coinbase announced that it would launch Blur (BLUR) and classified the token as \”experimental asset\”. If the liquidity condition…

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 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.

Like (0)
Previous 02/14/2023 23:55
Next 02/15/2023 00:07

Recommended articles