DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
Cryptocurrency Cryptonews

Binance Token Faces Growing Pessimism in Crypto Derivatives Market

Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance’s native coin BNB amid the growing regulatory turmoil. The open interest-weighted funding rate turned negative on B...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Binance Token Faces Growing Pessimism in Crypto Derivatives Market
Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance’s native coin BNB amid the growing regulatory turmoil. 
The open interest-weighted funding rate turned negative on Binance’s BNB coin this weekend, as per Coinglass data. 
The negative open interest means that traders betting on a price decline are willing to pay those who are waiting on gains to keep their bearish positions open on the cryptocurrency. ...
Read More: Binance Token Faces Growing Pessimism in Crypto Derivatives Market

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context