Bitcoin Erases Recovery As Coinbase Users Relentlessly Sell
Bitcoin has retraced its recent recovery above $104,000 as data shows the Coinbase Premium Gap has continued to be negative. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, investors on Coinbase keep selling Bitcoin. The indicator of relevance here is the “Coinbase Premium Gap,” which measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin At Increased Risk Of Falling To $88,500 Support, Glassnode Warns When the....
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Glassnode has explained how the Bitcoin options Open Interest has been climbing recently and looks set to explore new all-time highs (ATHs). Bitcoin Options Open Interest Has Already Bounced Back From Oct Expiry In a new thread on X, analytics firm Glassnode has discussed about the Bitcoin options market. This segment of derivatives trading involves traders betting on future price moves through contracts giving the right (but not the obligation) to sell or buy the cryptocurrency at a set price. Related Reading: Bitcoin Erases Recovery As Coinbase Users Relentlessly Sell Earlier, perpetual....
Coinbase has announced the launch of its Instant Exchange, which will allow users to buy and sell bitcoin whilst protecting them against the digital currency's price volatility. Users with euro, dollar or pound Coinbase accounts will be able to purchase or sell bitcoin directly on the company's website. Once their instant buy or sell order has been executed, the funds will be withdrawn from or credited to the users' local currency wallet. Coinbase said in a blog post:
Coinbase has added support for ether, the digital currency that powers the ethereum blockchain. The announcement comes just two months after the startup, which has raised $117m to date, added ether trading to its bitcoin exchange service, at which time it also formally rebranded the platform, Global Digital Asset Exchange (GDAX). With the news, Coinbase users can now buy or sell ether from an ethereum wallet on their accounts, as well as its Coinbase Buy Widget, announced in June. Users can also buy and sell ether using all of Coinbase's available payment methods, including credit card and....
Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company's announcement from ealier this week that Coinbase users based in Canada will be able to buy and sell bitcoin with Canadian dollars instantly, using the Coinbase Wallet. Additionally, users will be able to buy and sell bitcoin with a Canadian bank account directly and trade BTC/CAD on Coinbase's exchange.....
Bitcoin digital wallet and payment processor Coinbase has launched a mobile app platform for its services on Apple iOS devices. The app is now available in the Apple App Store for free and enables users to buy, sell and send bitcoins, plus manage their wallet. Coinbase co-founder Fred Ehrsam says that the company's new app is another tool that allows people to more easily spend bitcoin. "This was one more step in our mission to make bitcoin easier to use. Now that I have the iOS app, I use it to pay back my friends when I'm out and about since it's so much easier than other ways to do it,"....