Exchange Weekly Report | The IEO craze may restart, and a new round of competition for exchanges is about to begin; BNB rose by more than 30% this week (2.3-2.9)
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2020-02-10 01:53
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Competition between exchanges will be more intense this year.

Produced by Odaily

Editor | Hao Fangzhou

Produced by Odaily

The trading volume of Bakkt has dropped significantly compared to last month;

BNB has the strongest performance this week;

Exchange Weekly Trends

Exchange Weekly Trends

On February 7th, BISS Exchange: The trading business will be closed at 12:00 on February 15th, and users are requested to withdraw coins as soon as possible.

On February 7, Dragon Payments Ltd., the company behind London Block Exchange (LBX), announced on Thursday that it had entered mandatory liquidation procedures on January 31.

On February 7th, Huobi Global announced that the HT burning cycle will be adjusted from quarterly to monthly, and the January burning will be carried out on February 15th.

On Feb. 7, former TradingView executive Iskander Malikov was named head of Binance’s fiat, European, and CIS (Commonwealth of Independent States) divisions.

On February 6, HDAO, the tenth project of OKEx Jumpstart, will be launched on February 25, and users in mainland China will not be supported.

On February 6, Intercontinental Exchange announced its 2019 Q4 financial report. In the fourth quarter, earnings per share (EPS) increased by 1% year-on-year, from US$0.94/share to US$0.95/share, identifying Bakkt as one of the key growth initiatives.

On February 5, LINE's encrypted exchange BITMAX now supports bank account deposits and withdrawals.

Exchange data statistics

Exchange data statistics

source:

source:Alexa    

According to Alexa statistics, the Binance website UV (unique visitors) this week was 768,000/day, a decrease of 4% from last week; at the same time, PV (page views) was 3.763 million/day, a decrease of 14.6% from last week. Binance, as the leading exchange in the encryption world, accounts for the vast majority of market traffic, which shows that the overall market traffic growth has tended to flatten recently.

source:

source:Dapptotal      

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

source:

source:Bakkt Volume Bot

secondary title

Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.

source:tradingview

Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.

This week, the price of BTC fluctuated upwards. The trend of BNB was slightly stronger than that of BTC. HT changed its quarterly burning to monthly, and broke through the $4 mark this week.

source:

source:aicoin

analyst point of view

analyst point of view

The IEO craze may restart

Binance's new IEO was launched this week, opening 7 times, indicating that the market sentiment has improved. In addition, the price of Bitcoin has risen rapidly recently. It is expected that IEOs of other exchanges will also perform well in the later period, which will arouse people's interest in the Canadian currency again. interest of.

Recently, the mergers and acquisitions and restructuring cases of exchanges have increased, and new exchanges have been frequently opened

This week SatSimple acquired the PolyX exchange; the cryptocurrency exchange Indodax completed the official registration with the Indonesian regulatory authority; the Singapore cryptocurrency exchange COSS has been taken over by a new team; Japan's licensed virtual currency exchange Xtheta will officially operate on March 3 Waiting for a lot of information, due to the recent improvement in the market, a new round of exchange competition is about to start.

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