Sasha Ivanov, founder of decentralized blockchain Waves, is a crypto exchange. WAVES demanded that they disable token futures trading.
Commenting that “our ecosystem does not need futures markets”, Ivanov demanded that the exchanges be terminated.
“Futures are a breeding ground for FUD. On the other hand, it is the type of transaction preferred by those who want to make money from short positions. I request all central exchanges to disable Waves futures markets.”
The WAVES token has lost more than 40% in the past two weeks. The price dropped 4.5% to $1.51, losing an average of 98% from its highest level.
The main reason for the decline of WAVES token is the algorithmic stablecoin USDNIt was connected with. The stablecoin is backed by the WAVES token and has been de-pegged multiple times this year.
As we have reported as Koinfinans.com, Ivanov stated that they will also announce their plans to stabilize the stablecoin, which is traded at $ 0.49.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.