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Negative Coinbase Premium Signals US Retreat While Asia Is Buying The Dips


Negative Coinbase Premium Signals US Retreat While Asia Is Buying The Dips

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AI Overview

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.

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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.

Read the article at CryptoPotato

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In This News

Coins

$ 63.51K

-3.13%

Predictions Markets

See what traders are focused on

View analytics →
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