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Sasha Ivanov, the founding father of the Waves (WAVES-USD) blockchain, has requested centralized exchanges Wednesday to disable futures markets linked to the protocol’s native cryptocurrency WAVES.
Taking to Twitter, Ivanov identified that “Waves does not want waves futures markets. They’re a breeding floor for FUD and creating wealth off quick positions, worthwhile due to it. I kindly ask all centralized exchanges to disable Waves futures markets.”
He particularly referred to as on Binance, KuCoin, Kraken, Huobi International, OKX and Bybit to delist spinoff buying and selling for WAVES.
Ivanov’s remarks come as WAVES dropped round 30% prior to now month alone, buying and selling at $1.50 as of shortly earlier than 4:00 p.m. ET, amid issues over the worth volatility of Neutrino USD (USDN-USD), a WAVES-backed algorithmic stablecoin that is designed to be pegged one-to-one with the U.S. greenback.
The coin, although, has more and more de-pegged from the greenback over the previous month, altering arms at simply $0.51 on the time of writing, in accordance with CoinMarketCap data.
Earlier this week, (Dec. 20) Ivanov tweeted he’ll launch a brand new stablecoin whereas hinting a “decision plan” to sustain USDN.
