Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

Crypto

<ul><li>The fall of the FTX and Alameda house of cards built atop a seemingly innocuous token – FTT – has raised skepticism about centralized exchanges and the tokens that they issue.</li><li>Attention was first turned to Binance, BNB, and BUSD; as a result, BUSD’s market cap fell from $23.5bn to $16.5bn in just 90 days, though Binance has seemingly passed its stress test.</li><li>Attention has now turned to Gemini, Genesis, and Digital Currency Group (DCG).</li></ul>

The fall of the FTX and Alameda house of cards built atop a seemingly innocuous token – FTT – has raised skepticism about centralized exchanges and the tokens that they issue.Attention was first turned to Binance, BNB, and BUSD; as a result, BUSD’s market cap fell from $23.5bn to $16.5bn in just 90 days, though Binance has seemingly passed its stress test.Attention has now turned to Gemini, Genesis, and Digital Currency Group (DCG).

<ul><li>Price Movements: Binance's BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.</li><li>Market Liquidity: Throughout December, BTC market depth on Coinbase has increased 46% while on Binance, depth is down 5%.</li><li>Derivatives: Open interest for BTC and ETH perpetual futures has nearly halved since November. </li></ul>

Price Movements: Binance's BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.Market Liquidity: Throughout December, BTC market depth on Coinbase has increased 46% while on Binance, depth is down 5%.Derivatives: Open interest for BTC and ETH perpetual futures has nearly halved since November. 

Binance Volume Recovers Despite Mass Outflows

<ul><li>Market capitalization is one of the most commonly used metrics to legitimize the value of a cryptocurrency.</li><li>We often hear of a token breaking into the top 10 ranking by market cap, with tokens like BNB making headlines after a move into the top 5, cementing it as a pillar in the crypto ecosystem.</li><li>However, all it takes is a quick run through the top 20 or 30 tokens to realize not all market caps are created equal.</li></ul>

Market capitalization is one of the most commonly used metrics to legitimize the value of a cryptocurrency.We often hear of a token breaking into the top 10 ranking by market cap, with tokens like BNB making headlines after a move into the top 5, cementing it as a pillar in the crypto ecosystem.However, all it takes is a quick run through the top 20 or 30 tokens to realize not all market caps are created equal.

A New Model for Assessing Crypto Asset Liquidity

<ul><li>Price Movements: The tokens for the decentralized derivatives exchanges dYdX and GMX have surged since the collapse of FTX.</li><li>Market Liquidity: Dollar trading volumes for BTC markets dropped to two year lows relative to Tether. </li><li>Derivatives: BNB funding rates dip to their most negative this year.</li></ul>

Price Movements: The tokens for the decentralized derivatives exchanges dYdX and GMX have surged since the collapse of FTX.Market Liquidity: Dollar trading volumes for BTC markets dropped to two year lows relative to Tether. Derivatives: BNB funding rates dip to their most negative this year.

Bearish Sentiment Hits Binance's BNB Token

Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

News from Tech in Asia

<ul><li>Familiar names in Singapore landed in the top five of a list featuring crypto exchanges with strong anti-money laundering (AML) systems.</li><li><p>Blockchain.com and Independent Reserve, which are both licensed to operate in Singapore, ranked first and third place respectively. Crypto.com, which has in-principle approval, placed fifth.</p></li><li><p>Binance, the largest crypto exchange in the world, in the 42nd  spot.</p></li></ul>

Familiar names in Singapore landed in the top five of a list featuring crypto exchanges with strong anti-money laundering (AML) systems.Blockchain.com and Independent Reserve, which are both licensed to operate in Singapore, ranked first and third place respectively. Crypto.com, which has in-principle approval, placed fifth.Binance, the largest crypto exchange in the world, in the 42nd  spot.

Crypto.com, Independent Reserve in Top 5 for Strong AML; Binance Places 42nd

United States

BNB was launched in 3rd July 2017 as an ERC-20 Token that enabled holders to get discounted trading fees at Binance Exchange. BNB has evolved over time to also be the native token of its own blockchain. BNB can still be used to pay for discounted Binance services though it is also heavily used as payment for gas when confirming transactions on BNB Chain.

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Binance Coin (XBIUSD CURNCY)

A Look at Gemini USD

The fall of the FTX and Alameda house of cards built atop a seemingly innocuous token – FTT – has raised skepticism about centralized exchanges and...

Kaiko

Binance Volume Recovers Despite Mass Outflows

Price Movements: Binance's BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.

Kaiko

A New Model for Assessing Crypto Asset Liquidity

We often hear of a token breaking into the top 10 ranking by market cap, with tokens like BNB making headlines after a move into the top 5,...

Kaiko

Bearish Sentiment Hits Binance's BNB Token

Price Movements: The tokens for the decentralized derivatives exchanges dYdX and GMX have surged since the collapse of FTX.

Kaiko

Crypto.com, Independent Reserve in Top 5 for Strong AML; Binance Places 42nd

Familiar names in Singapore landed in the top five of a list featuring crypto exchanges with strong anti-money laundering (AML) systems.

Tech in Asia

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