Futures

The post Binance Ends XRP and TUSD Support in Futures Multi-Assets Mode appeared first on Coinpedia Fintech News Binance, the top cryptocurrency exchange, has made waves by announcing the end of supporting XRP, adding an unexpected twist to the market narrative. Despite this, the XRP price has shown a slight recovery, reflecting the resilience of investors amid these developments.  What’s Brewing Behind Binance’s Plan to Drop XRP? Shocking the XRP community, Binance revealed it would stop supporting XRP and TUSD…

Coinbase is set to expand its offerings with the introduction of JUP, TNSR, and JTO perpetual futures. These new listings will cater to both cryptocurrency enthusiasts and institutional investors, offering a variety of order types for enhanced trading control. Coinbase International Exchange and its advanced platform will soon support perpetual futures for Jupiter (JUP), Tensor (TNSR), and Jito (JTO). This move is part of Coinbase’s strategic expansion to diversify its financial products and enhance the trading experience for its users.…

A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday. The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in September last year, was withdrawn on May 3. Previously, the agency had delayed consideration of Grayscale’s ether futures ETF, with the most recent postponement occurring…

The post Grayscale Unexpected Withdrawal From ETH Futures Application appeared first on Coinpedia Fintech News Grayscale has shockingly withdrawn its Ethereum futures ETF application. Bloomberg ETF James Seyffart refers to the move as ‘trojan horse’ strategy that he suggested of Grayscale replicating similar circumstances that led to GBTC Bitcoin ETF approval, while Grayscale totally took a step back. Seyfartt speculates that the move could be influenced by SEC to withdraw the application. As per Eleanor Terett, SEC’S continued delay for…

The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the horizon in the absence of a full-blown market capitulation. Measured Retreat, Not Mass Exodus Following the price drop, CryptoQuant, a cryptocurrency analysis platform, reported roughly $120 million in liquidated long positions (bets that the price would go up). This liquidation…

This PEPE Coin price surge aligns with increased interest from major holders, or whales, as indicated by recent derivatives data, reflecting growing confidence in the cryptocurrency. Noteworthy whale activity surrounding PEPE has been observed, with significant withdrawals from exchanges like Binance, totaling billions of tokens and millions of dollars. Today, Pepe Coin (PEPE), the prominent frog-themed meme coin, has experienced significant momentum, with its price soaring by over 20% in the last 24 hours. As of press time, the PEPE…

The Coinbase effect is on full display on PEPE coin prices as the memecoin celebrates its perpetual futures listing on the exchange. PEPE has celebrated a 33% price surge in the last 7 days which has seen it rise to the 45th-ranked cryptocurrency. PEPE investors are celebrating astounding returns following the Coinbase perpetual futures listing. Historically, the listing of coins on Coinbase has triggered a price rally. This phenomenon is still affecting the market with PEPE now enjoying the effect.…

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently. The “Open Interest” here refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When the value…

After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures.  B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut…