Coinbase Premium Index Turns Positive Amid Growing US Demand

Recent market data indicates a significant development in the cryptocurrency space: Coinbase's Bitcoin Premium Index has turned positive. This change implies that the price of Bitcoin on the US-based exchange Coinbase is higher than its counterpart on Binance, with a difference of at least $10.

The shift in the index has sparked interest among analysts and investors alike, as it suggests increased demand for Bitcoin from professional and institutional investors in the US. This trend is further supported by the fact that Coinbase Advanced markets is the preferred platform for these large-scale investors to engage with the market.