Negative Coinbase Premium Signals US Retreat While Asia Is Buying The Dips
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The Coinbase premium has remained negative for the past week and most of November, indicating decreased demand for crypto in the U.S. This premium reflects the price disparity between U.S. exchanges and Asian ones like Binance.
A clear signal of waning demand and interest in crypto in the United States is the Coinbase premium, which has been negative for the past week, according to Coinglass. It was also negative for almost all of November.
The Coinbase premium is the price difference between Bitcoin or other crypto assets trading on the US-based exchange compared to other major alternatives, particularly those popular in Asia, like Binance.
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Negative Coinbase Premium Signals US Retreat While Asia Is Buying The Dips
Share:
The Coinbase premium has remained negative for the past week and most of November, indicating decreased demand for crypto in the U.S. This premium reflects the price disparity between U.S. exchanges and Asian ones like Binance.
A clear signal of waning demand and interest in crypto in the United States is the Coinbase premium, which has been negative for the past week, according to Coinglass. It was also negative for almost all of November.
The Coinbase premium is the price difference between Bitcoin or other crypto assets trading on the US-based exchange compared to other major alternatives, particularly those popular in Asia, like Binance.
In This News
Share:
In This News
Share:
Read More
Bitcoin remains in tight range under $70,000 ahead of Wednesday's U.S. jobs report