Produced by Odaily
Editor | Hao Fangzhou
Produced by Odaily
Many countries have introduced relevant regulations on encrypted assets;
Exchange Weekly Trends
Exchange Weekly Trends
On March 8, Binance Research Institute released a research report on the crypto market in February yesterday. The data shows that the total trading volume of the spot market has increased compared with the previous month, and the average daily trading volume has increased by 69%.
On March 7, the cryptocurrency exchange Bitfinex launched Tether Gold futures trading.
On March 6, Huobi Labs survey: only 10.83% of blockchain entrepreneurs received early investment, and 2 years is the life and death line.
After India’s crypto ban was overturned on March 6, major banks still haven’t started servicing crypto exchanges.
On March 6, TokenAnalyst data showed that 10 exchanges including Huobi and Bitfinex currently hold 18.5 million ETH (accounting for 16.8% of the total supply).
On March 5, South Korea announced the encryption exchange license system, or only 4-7 exchanges are eligible.
On March 5, Xu Kun, chief strategy officer of OKEx, said that in 2020 OKEx will focus on developing its presence in the Russian market.
On March 5, according to Binance’s official news, Binance and South Korean financial technology company BxB.Inc reached a cooperation to jointly issue the stable currency Binance KRW (BKRW) anchored to the South Korean Won (KRW), issued according to the ratio of 1 BKRW = 1 KRW . It is reported that BKRW is a BEP2 asset issued on Binance Chain and will be integrated into Binance’s global ecosystem.
On March 5, Binance co-founder He Yi and TRON founder Justin Sun’s new Weibo accounts were blocked again.
Exchange data statistics
Exchange data statistics
source:
source:Alexa
According to Alexa statistics, the Binance website UV (unique visitors) this week was 992,000/day, a decrease of 5.6% from last week; at the same time, PV (page views) was 5.356 million/day, a decrease of 12.6% from last week. Binance, as the leading exchange in the encryption world, occupies most of the market traffic, which shows that the overall market traffic has declined 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 blue line is the price trend of BNB, and the orange line is the price trend of HT.
source:tradingview
Among them, the green line is the price trend of BTC, the blue line is the price trend of BNB, and the orange line is the price trend of HT.
This week, the price of BTC fluctuated downwards. The overall trend of the platform currency is slightly stronger than that of BTC, but there is still a retracement of more than 10%.
source:
source:aicoin
analyst point of view
analyst point of view
Many countries have introduced regulations related to encrypted assets
This week, we will study the Indian Supreme Court’s decision to overturn the central bank’s encryption ban. As the second most populous country in the world, India has legalized the trading of encrypted assets and promoted more people’s in-depth understanding of encrypted assets, which has played a good role in promoting the industry.
South Korea also announced the encryption exchange license system. Although only nearly 7 companies meet the requirements, it also shows that mainstream Korean society is gradually bringing encrypted assets into the scope of legal supervision.
Other countries may introduce various regulatory policies one after another, which will have a certain positive effect on the entire industry.
Bitcoin plummeted, platform currencies generally outperformed mainstream currencies
On March 8, Bitcoin plummeted by more than 10% in a short period of time, causing panic in the market. The mainstream currencies generally fell more than BTC. Although the platform currency is also following the decline of BTC, the decline is generally less than that of the mainstream currency, which shows that the market's recognition of the platform currency is higher than that of other mainstream currencies for a short time.
