Trading of ether and Ethereum Classic (ETC) tokens saw high volatility, despite otherwise flat crypto markets, since Asian morning hours on Thursday following the successful Merge event. By shauryamalwa
Funding rates are periodic payments made by traders based on the difference between prices in the futures and spot markets. Depending on their open positions, traders will either pay or receive funding.
ETC futures, on the other hand, saw some $22 million in liquidations – a higher-than-usual figure. The Ethereum Classic blockchain continues to operate as a proof-of-work network, and some are betting on its long-term rise versus the now proof-of-stake ETH.
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