Waves (WAVES) founder Sasha Ivanov has begged all centralized exchanges to disable the futures markets for the digital asset in a Dec. 21 tweet.

In response to Ivanov, Waves doesn’t want a futures market as a result of it’s a “breeding floor for FUD and creating wealth off brief positions.”

The Waves CEO tagged the social media deal with of a number of crypto exchanges together with Binance, OKX, Huobi, Kraken, and others in his tweet.

In response to Investopedia, a futures market permit members to purchase and promote an asset at a predetermined future date and worth.

CryptoSlate beforehand reported that open curiosity on WAVES rose by 176% on Dec. 8 following South Korean change Upbit’s choice to situation an funding warning on the asset. In response to Waves Labs, the DAXA warning did extra hurt to the token than USDN stablecoin depegging.

In the meantime, when Ivanov was suggested to purchase extra spot WAVES tokens to squeeze the brief sellers, he revealed that he doesn’t commerce and the one asset he holds is the embattled token.

WAVES down 98% from ATH

WAVES worth has declined by roughly 98% from its all-time excessive of $61, in accordance with CryptoSlate information.

In response to the info, the token has been on a downward trajectory because it reached its all-time excessive in March 2022. Throughout the final 30 days, the asset’s worth has declined by over 30% to its present worth of $1.52.

Crypto analyst il Capo Of Crypto posited that the poor worth efficiency would proceed as its minimal goal is $0.11.

The put up Waves CEO calls futures markets ‘breeding floor for FUD,’ requests exchanges disable buying and selling appeared first on CryptoSlate.