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: BNB, the native token of Binance Smart Chain, is down 8% following a $100mn hack.</li><li>Market Liquidity: Sushiswap's market share vs. Uniswap hit all time lows of just 1% in September as new Head Chef takes over. </li><li>Derivatives: Open interest on Binance has surged to all time highs, although funding rates remain firmly neutral.</li></ul>

Price Movements: BNB, the native token of Binance Smart Chain, is down 8% following a $100mn hack.Market Liquidity: Sushiswap's market share vs. Uniswap hit all time lows of just 1% in September as new Head Chef takes over. Derivatives: Open interest on Binance has surged to all time highs, although funding rates remain firmly neutral.

<ul><li>Q3 was a whirlwind dominated by macro volatility, the Merge, and the ongoing fallout from the crypto credit crisis.</li><li>Yet, one relatively under-the-radar trend caught my attention: Binance’s increasingly bold moves to clinch market supremacy.</li><li>On July 8th, Binance eliminated trading fees for 13 BTC trading pairs and shortly after removed fees for ETH-BUSD.</li></ul>

Q3 was a whirlwind dominated by macro volatility, the Merge, and the ongoing fallout from the crypto credit crisis.Yet, one relatively under-the-radar trend caught my attention: Binance’s increasingly bold moves to clinch market supremacy.On July 8th, Binance eliminated trading fees for 13 BTC trading pairs and shortly after removed fees for ETH-BUSD.

<ul><li>Founded in 2012, Ripple is a money transfer service that leverages a native cryptocurrency, XRP, for fiat currency conversions.</li><li>The token is designed to be used as a decentralized unit of exchange for Ripple’s cross-border payments blockchain network.</li><li>But like many tokens issued by projects in the industry, many XRP holders treat it as an investment.</li></ul>

Founded in 2012, Ripple is a money transfer service that leverages a native cryptocurrency, XRP, for fiat currency conversions.The token is designed to be used as a decentralized unit of exchange for Ripple’s cross-border payments blockchain network.But like many tokens issued by projects in the industry, many XRP holders treat it as an investment.

<ul><li>Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. </li><li>Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.</li><li>Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.</li></ul>

Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.

Credit/Macro/Crypto Analyst, Former Credit/MA PM

Rose Choy

<ul>
<li>The new Mastercard Binance debit card allows users to make purchases with selected cryptocurrencies in their Binance wallet and will first be rolled out in Argentina.</li>
<li>BNB, the Binance native token, will benefit from network effect as adoption for the crypto card grows.</li>
<li>Binance is expanding its payment strategy as a tool to drive user adoption and expand its ecosystem.</li>
</ul>


The new Mastercard Binance debit card allows users to make purchases with selected cryptocurrencies in their Binance wallet and will first be rolled out in Argentina.
BNB, the Binance native token, will benefit from network effect as adoption for the crypto card grows.
Binance is expanding its payment strategy as a tool to drive user adoption and expand its ecosystem.


Mastercard Partnership with Binance: BNB Will Benefit from Network Effect

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)

Open Interest Hits All Time High

Market Liquidity: Sushiswap's market share vs. Uniswap hit all time lows of just 1% in September as new Head Chef takes over.

Kaiko

Introducing: Quarterly Market Report

Yet, one relatively under-the-radar trend caught my attention: Binance’s increasingly bold moves to clinch market supremacy.

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Ripple Effects of SEC Policy

The token is designed to be used as a decentralized unit of exchange for Ripple’s cross-border payments blockchain network.

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It's Merge Week

Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list...

Kaiko

Mastercard Partnership with Binance: BNB Will Benefit from Network Effect

The newly launched Binance Mastercard prepaid card is a path for more mass adoption of crypto. BNB benefits from the network effect, as Binance...

Rose Choy

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