In:
The Singapore Economic Review, World Scientific Pub Co Pte Ltd
Abstract:
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.
Type of Medium:
Online Resource
ISSN:
0217-5908
,
1793-6837
DOI:
10.1142/S0217590821470020
Language:
English
Publisher:
World Scientific Pub Co Pte Ltd
Publication Date:
2021
detail.hit.zdb_id:
2098755-9
SSG:
6,25
