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>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.

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Research from e27

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<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

<ul><li>Price Movements: Bullish sentiment has returned to crypto, with BTC up 20% over the past week.</li><li>Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.  </li><li>Derivatives: BTC open interest fell sharply after a short squeeze caused millions in liquidations.</li></ul>

Price Movements: Bullish sentiment has returned to crypto, with BTC up 20% over the past week.Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.  Derivatives: BTC open interest fell sharply after a short squeeze caused millions in liquidations.

<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

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 Three-Stablecoin Problem

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...

Kaiko

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

The Return of the Bulls

Market Liquidity: Binance.US's market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.

Kaiko

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

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