Ether Futures Market Discount Evaporates After the Merge

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Ether futures catch up with the cryptocurrency's spot price, reversing a month-long market anomaly after the Merge. reports godbole17

Strijers said Deribit and other platforms have taken snapshot of Ethereum at the time of the Merge to credit ETH holders with potential Ethereum fork tokenon a 1:1 ratio. Snapshots or records of content of the blockchain are commonly used to determine recipients of the planned airdrop – or free distribution of forked tokens.

Market participants, therefore, no longer have to hold ETH or take the so-called market-neutral trade of buying ether and selling short-term futures to collect ETHPOW tokens while bypassing risks from ETH price volatility. As such, the record discount resulting mainly from the market-neutral trade has pretty much evaporated.

Traders began selling futures against ETH holdings early last month after some miners contested the Merge and proposed forking, or splitting, the Ethereum chain into a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

godbole17 Giving away 50ETH in NFT for 1 Raffle. To Take Part Giveway Giveaway Giveawa Alert

godbole17 Yo MF, is that a good thing then?

godbole17 🚀 Thnks a millon

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines