The so-called “Coinbase Premium Index” – which measures the price difference for bitcoin on Coinbase compared to Binance, the leading exchange by trading volume – rose to 0.12 Thursday, its highest reading since May 2023, according to data from analytics firm CryptoQuant. “High premium values could indicate US investors’ strong buying pressure in Coinbase,” CryptoQuant said.
Related posts
-
Blackrock reveals large Bitcoin ETF stake with 43,000 shares
In a recent filing with the SEC, BlackRock’s Global Allocation Fund disclosed its ownership of an... -
Bitcoin miner Bitdeer to launch 570 MW power facility in Ohio
Bitdeer has secured a 30-year lease for land at the Monroe County Port Authority-owned Hannibal Industrial... -
Europe’s MiCA Is Finally Here. How Will the U.S. Respond?
For the crypto industry and its existential coupling with the banking sector, MiCA marks profound change,...