The launching of its USD-M Binance Bluebird Index perpetual contracts was announced by Binance, the largest cryptocurrency exchange in the world, on Wednesday. The Bluebird Index keeps track of the tokens BNB, DOGE, and MASK. Some people now believe that CEO of Binance "CZ" dropped a hint regarding tokens that Twitter will accept for payments. Twitter is already expected to support BNB and Dogecoin (DOGE).
include Dogecoin (DOGE), BNB, and MASK tokens for payment support.
Binance, the biggest cryptocurrency exchange in the world, announced the release of its USD-M Binance Bluebird Index perpetual contracts on Wednesday. BNB, DOGE, and MASK tokens are tracked by the Bluebird Index. Some individuals now think that Binance CEO "CZ" made a hint about tokens that Twitter will enable for payments. It's already anticipated that Twitter would support BNB and Dogecoin (DOGE).
Binance Bluebird Index Fuels Speculation
According to a formal announcement made on November 2, Binance Futures will introduce USDS-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts) on November 2 at 10:00. On perpetual contracts, Binance intends to provide leverage of up to 25x.
The BNB, Dogecoin (DOGE), and Mask coins are all included in Binance's new cryptocurrency price index. Additionally, with a USDT denomination, Binance generates the index using weighted averages of the real-time prices of the constituent tokens on the Binance Spot.
Crypto expert Miles Deutscher wonders if Binance CEO "CZ" hinted at the cryptocurrencies that would be accepted for Twitter payments. The rumour is predicated on the notion that Binance will try to get BNB support on Twitter if Elon Musk adds Dogecoin for payments on Twitter.
CZ contributes $500 million to assist Elon Musk buy Twitter. Then Binance introduces a "Bluebird Index" made up of BNB, DOGE, and MASK. Is CZ implying that these assets will be used for Twitter payments (blue bird)?
In fact, the CEO of Binance, "CZ," said in an AMA yesterday that endorsing just one cryptocurrency on Twitter is not a better idea. Elon Musk ought to offer support for additional cryptocurrencies on Twitter, not simply DOGE and BNB. In addition, he thinks Musk is busy investigating Twitter in the wake of the acquisition. Additionally, it can take some time for Twitter to allow bitcoin payments.
High Trading Volume on BNB, Dogecoin, and MASK
On the assumption that Twitter will promote these crypto assets, Dogecoin and BNB saw a significant trade volume and price movement. Earlier, Elon Musk made a suggestion that Dogecoin might soon be available on Twitter. On Twitter, the CEO of Binance also made a veiled reference to BNB support. In comparison to BNB, the price of DOGE increased by approximately 130% in a single week.
In the meantime, the price of the MASK token increased by around 250% in a single week. The MASK price has increased by approximately 55% in the past day, and is currently trading at $3.61. The trade volume has also increased by around 265% in a single day.
