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>Last week, Coinbase received approval to operate an offshore derivatives exchange, based in Bermuda.</li>
<li>This move makes a lot of sense, particularly when looking at Coinbase’s share of total spot volumes.</li>
<li>Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share over the same time period, before losing some in the last couple of weeks with their reintroduction of fees.</li>
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Last week, Coinbase received approval to operate an offshore derivatives exchange, based in Bermuda.
This move makes a lot of sense, particularly when looking at Coinbase’s share of total spot volumes.
Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share over the same time period, before losing some in the last couple of weeks with their reintroduction of fees.


Coinbase Targets Offshore Amid Falling Volumes

<ul><li>Last week, the Shapella upgrade went live without a hitch, enabling millions of staked ETH to be withdrawn.</li><li>While Ethereum's Merge upgrade last September was more of a "buy the rumor sell the news" type of event, Shapella appears to have had the opposite impact on price.</li><li>ETH spot prices dropped by nearly 18% post-Merge while they are up 11% since Shapella, despite fears of mass selling. </li></ul>

Last week, the Shapella upgrade went live without a hitch, enabling millions of staked ETH to be withdrawn.While Ethereum's Merge upgrade last September was more of a "buy the rumor sell the news" type of event, Shapella appears to have had the opposite impact on price.ETH spot prices dropped by nearly 18% post-Merge while they are up 11% since Shapella, despite fears of mass selling. 

<ul><li>It’s a truism within the industry that crypto is not an effective tool for crime.</li><li>Yes, it’s possible to send value without an intermediary, but all transactions leave a permanent trace that can become more visible over time as tracking tools improve.</li><li>It’s even possible to track funds that move through Tornado Cash – a protocol built specifically to enhance privacy by obfuscating token flows. </li></ul>

It’s a truism within the industry that crypto is not an effective tool for crime.Yes, it’s possible to send value without an intermediary, but all transactions leave a permanent trace that can become more visible over time as tracking tools improve.It’s even possible to track funds that move through Tornado Cash – a protocol built specifically to enhance privacy by obfuscating token flows. 

Lifting the Veil on Centralized Exchanges

<ul><li>The banking crisis and ongoing regulatory crackdown have upended crypto market structure, leaving an uncertain dynamic among the world’s largest exchanges.</li><li>Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.</li><li>The exchange remains the largest in the world with 54% dominance. </li></ul>

The banking crisis and ongoing regulatory crackdown have upended crypto market structure, leaving an uncertain dynamic among the world’s largest exchanges.Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.The exchange remains the largest in the world with 54% dominance. 

<ul><li>Binance is the world’s largest crypto exchange by a huge margin.</li><li>It has achieved consistent growth since its founding in 2017, but its increasing dominance has been striking to watch since 2020, when it held around 25% of spot volume market share.</li><li>Its market share approached 50% at the tail end of the 2021 bull market before retreating and again expanding to peak over 70% this year. </li></ul>

Binance is the world’s largest crypto exchange by a huge margin.It has achieved consistent growth since its founding in 2017, but its increasing dominance has been striking to watch since 2020, when it held around 25% of spot volume market share.Its market share approached 50% at the tail end of the 2021 bull market before retreating and again expanding to peak over 70% this year. 

CFTC V. Binance: The Data Behind the Suit

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)

Coinbase Targets Offshore Amid Falling Volumes

Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share...

Kaiko

ETH's Big Post-Shapella Rally

While Ethereum's Merge upgrade last September was more of a "buy the rumor sell the news" type of event, Shapella appears to have had the opposite...

Kaiko

Lifting the Veil on Centralized Exchanges

It’s a truism within the industry that crypto is not an effective tool for crime. Yes, it’s possible to send value without an intermediary, but all...

Kaiko

CFTC V. Binance: The Data Behind the Suit

Binance is the world’s largest crypto exchange by a huge margin. It has achieved consistent growth since its founding in 2017, but its increasing...

Kaiko

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Coinbase Targets Offshore Amid Falling Volumes

Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share...

Kaiko

ETH's Big Post-Shapella Rally

While Ethereum's Merge upgrade last September was more of a "buy the rumor sell the news" type of event, Shapella appears to have had the opposite...

Kaiko

Lifting the Veil on Centralized Exchanges

It’s a truism within the industry that crypto is not an effective tool for crime. Yes, it’s possible to send value without an intermediary, but all...

Kaiko

Binance Market Share Tumbles 16%

The banking crisis and ongoing regulatory crackdown have upended crypto market structure, leaving an uncertain dynamic among the world’s largest...

Kaiko

CFTC V. Binance: The Data Behind the Suit

Binance is the world’s largest crypto exchange by a huge margin. It has achieved consistent growth since its founding in 2017, but its increasing...

Kaiko