Survival of the fittest: A natural experiment from crypto exchanges
[ N/A ]
Tarih
2021
Yazarlar
Khan, Asad ul Islam
Aysan, Ahmet Faruk
Khan, Asad ul Islam
Topuz, Humeyra
Tunalı, Ahmet Semih
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
World Scientific Publishing
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper explores the applicability of universal cryptocurrency exchange by analyzing crypto exchanges of Binance, Latoken, Kucoin and Qash, which also have their own cryptocurrencies in the crypto market. Results of the recursive Johansen cointegration test proved that even though all of the cryptocurrencies have cointegration among each other, Binance positively disassociated itself from the others after it moved to Malta on 23 March 2018. Based on the daily prices of cryptocurrencies over the period from 6 November 2017 to 10 November 2019, taken from coinmarketcap, we conclude that Binance can be considered as a survival of the fittest among all of the crypto exchanges in this natural experiment.
Açıklama
Anahtar Kelimeler
Binance, Cryptocurrency Exchanges, Distributed Ledger, Stock Market Universality
Kaynak
The Singapore Economic Review
WoS Q Değeri
Q3
Scopus Q Değeri
Q3
Cilt
Sayı
Künye
Aysan, A. F., Khan, A.I., Topuz, H. ve Tunali, A.S. (2021). Survival of the fittest: A natural experiment from crypto exchanges. The Singapore Economic Review.
