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>Price Movements: cbETH, Coinbase's liquid staking derivative, started trading at a discount after news broke that the SEC had fined Kraken $30mn. </li><li>Market Liquidity: LocalBitcoins shut down after 10 years of service after competition and a prolonged bear market sapped trade volume. </li><li>Derivatives: ETH options markets look bullish but more volatile than BTC. </li></ul>

Price Movements: cbETH, Coinbase's liquid staking derivative, started trading at a discount after news broke that the SEC had fined Kraken $30mn. Market Liquidity: LocalBitcoins shut down after 10 years of service after competition and a prolonged bear market sapped trade volume. Derivatives: ETH options markets look bullish but more volatile than BTC. 

<ul><li>Wash trading was at one point a pervasive problem in cryptocurrency markets.</li><li>Today, most major exchanges have strict anti-wash trading measures, which has drastically reduced the problem since the ICO-led trading boom of 2017-18.</li><li>Yet, due to the relatively low barriers to entry for launching an exchange, this type of market manipulation is far from eradicated on lesser-known, unregulated venues. </li></ul>

Wash trading was at one point a pervasive problem in cryptocurrency markets.Today, most major exchanges have strict anti-wash trading measures, which has drastically reduced the problem since the ICO-led trading boom of 2017-18.Yet, due to the relatively low barriers to entry for launching an exchange, this type of market manipulation is far from eradicated on lesser-known, unregulated venues. 

<ul><li>Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token. </li><li>Market Liquidity: BUSD's market share has held steady since Binance admitted to mismanaging reserves.</li><li>Derivatives: The open interest to market cap ratio suggests Optimism's OP token is highly leveraged. </li></ul>

Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token. Market Liquidity: BUSD's market share has held steady since Binance admitted to mismanaging reserves.Derivatives: The open interest to market cap ratio suggests Optimism's OP token is highly leveraged. 

<ul><li>In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more than 87%.</li><li>This has been matched with an explosion in market capitalization for the three largest centralized stablecoins: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).</li><li>The three had a combined market cap of $10bn in May 2020, the start of DeFi Summer.</li></ul>

In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more than 87%.This has been matched with an explosion in market capitalization for the three largest centralized stablecoins: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).The three had a combined market cap of $10bn in May 2020, the start of DeFi Summer.

Research from e27, e27

Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

<ul><li>ZaynFi, a stablecoin yield optimiser on BNB Chain, has announced a US$600,000 funding led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru.</li><li>Started by Syakir Hashim and Aziz Zainuddin, ZaynFi is a <a href="https://www.investopedia.com/decentralized-finance-defi-5113835" target="_blank" rel="noopener">DeFi</a> protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain.</li><li>According to the company, it helps users stake into the best liquidity pools across popular decentralised exchanges, enabling trades to happen while earning trading fees and rewards.</li></ul>

ZaynFi, a stablecoin yield optimiser on BNB Chain, has announced a US$600,000 funding led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru.Started by Syakir Hashim and Aziz Zainuddin, ZaynFi is a DeFi protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain.According to the company, it helps users stake into the best liquidity pools across popular decentralised exchanges, enabling trades to happen while earning trading fees and rewards.

ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding

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)

The End of BUSD

Price Movements: cbETH, Coinbase's liquid staking derivative, started trading at a discount after news broke that the SEC had fined Kraken $30mn.

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CEL Token Inflated By Insiders

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The Three-Stablecoin Problem

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ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding

ZaynFi is a DeFi protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain

e27

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