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>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

<ul><li>On March 22, Binance halted its no-fee trading promotion for 13 BTC spot trading pairs, reversing a move that helped boost the exchange’s market share by more than 20% relative to its competitors.</li><li>The exchange also announced that it would be eliminating trading fees for the BTC-TUSD pair, which was mothballed in September and only recently re-listed.</li><li>It is unclear why Binance has chosen to promote its TUSD pair, although it appears the exchange has selected the stablecoin as a successor to BUSD, which is being phased out because of regulatory actions in the U.S. </li></ul>

On March 22, Binance halted its no-fee trading promotion for 13 BTC spot trading pairs, reversing a move that helped boost the exchange’s market share by more than 20% relative to its competitors.The exchange also announced that it would be eliminating trading fees for the BTC-TUSD pair, which was mothballed in September and only recently re-listed.It is unclear why Binance has chosen to promote its TUSD pair, although it appears the exchange has selected the stablecoin as a successor to BUSD, which is being phased out because of regulatory actions in the U.S. 

Binance Volume Plummets After End of Zero-Fee Trading

<ul><li>Crypto markets are at their most volatile when liquidity is low.</li><li>Prices have less support to both the downside and the upside, which could explain BTC’s rapid +17% surge since the start of the month.</li><li>Liquidity has also become a hot topic in traditional financial markets as the banking sector reels from several high-profile collapses.</li></ul>

Crypto markets are at their most volatile when liquidity is low.Prices have less support to both the downside and the upside, which could explain BTC’s rapid +17% surge since the start of the month.Liquidity has also become a hot topic in traditional financial markets as the banking sector reels from several high-profile collapses.

<ul>
<li>In the hours following Sillicon Valley Bank's collapse, news emerged that Circle, issuer of the USDC stablecoin, held $3.3bn of reserves in SVB, triggering panic that the stablecoin was no longer fully backed.</li>
<li>As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.</li>
<li>Today, we'll walk you through what exactly happened.</li>
</ul>


In the hours following Sillicon Valley Bank's collapse, news emerged that Circle, issuer of the USDC stablecoin, held $3.3bn of reserves in SVB, triggering panic that the stablecoin was no longer fully backed.
As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.
Today, we'll walk you through what exactly happened.


Research from Ocular, Ocular

Ocular

Research from Ocular

Ocular is a crypto fund based in Singapore managed by Openspace Ventures, one of the top VCs in the region. We invest in crypto VC and HF funds as well as crypto projects globally. The Ocular team comprises crypto enthusiasts with venture capital and data science background.

Crypto Fund

<ul><li>2022 was a challenging year for web3. We witnessed the collapse of TerraLUNA, the fall of FTX, and several notable insolvencies including Three Arrows Capital, Voyager, Celsius and BlockFi.</li><li>These events deeply impacted the sector, with the crypto market losing <a href="https://www.cnbc.com/2022/12/23/bitcoin-lost-over-60-percent-of-its-value-in-2022.html#:~:text=Bitcoin%20lost%20over%2060%%20of%20its%20value%20in%202022" target="_blank" rel="noopener">over $2 trillion</a> in market cap in 2022 and public perception of web3 turning sour.</li><li>Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we could reach new lows.</li></ul>

2022 was a challenging year for web3. We witnessed the collapse of TerraLUNA, the fall of FTX, and several notable insolvencies including Three Arrows Capital, Voyager, Celsius and BlockFi.These events deeply impacted the sector, with the crypto market losing over $2 trillion in market cap in 2022 and public perception of web3 turning sour.Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we could reach new lows.

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Binance Coin (XBIUSD CURNCY)

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

Binance Volume Plummets After End of Zero-Fee Trading

On March 22, Binance halted its no-fee trading promotion for 13 BTC spot trading pairs, reversing a move that helped boost the exchange’s market...

Kaiko

The State of Liquidity in Crypto Markets

Prices have less support to both the downside and the upside, which could explain BTC’s rapid +17% surge since the start of the month.

Kaiko

The Aftermath: What Happened to USDC?

As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.

Kaiko

Ocular: 2023 Thematic Outlook

Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we...

Ocular

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)