Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,499.97 yesterday at 5 pm (GMT) and has since increased by 2.56%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,427 representing a gain of 0.22% in the last 24 hours. More than $150 M worth of BTC were exchanged in the BTC/USD market representing a 7% share of the global daily volume. The BTC/KRW pair represents a 41% share.

The Ethereum price has increased 1.74% over the past 24 hours and is currently sitting at $211, with over $50 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has an 8% market share of the daily trading volume.

See live charts here and here

Bitstamp: New Matching Engine Will Be Up to 1,250 Times Faster

Yesterday, cryptocurrency exchange Bitstamp announced that it had partnered with Cinnober, a leading provider of trading and clearing technology, in order to replace its in-house developed matching engine with Cinnober’s "TRADExpress Trading System". The customized software "will be hosted and operated by Bitstamp" and in accordance with the exchange is expected to become 1250x faster, while throughput will increase by 400x. In an article posted on its website, Bitstamp explained why it chose to partner with Cinnober:

"We chose Cinnober because of their proven track-record in worldwide financial marketplaces, their understanding of our vision and ability to work closely with us to customize the technology to meet our needs."

Read more here

Bancor Launches First Decentralized Platform to Convert Between Ethereum and EOS-based Tokens

Yesterday, LiquidEOS, an EOS Block Producer in Israel with the goal of creating solutions to increase main net efficiency, security and scalability, announced that the Bancor Network (BNT), a “decentralized liquidity network” that allows users to easily convert between all tokens supported on its platform, has launched BancorX, a decentralized application (DApp) that can “function across blockchains”. LiquidEOS stated:

"As blockchain platforms continue to proliferate, their inability to communicate with one another has locked up value in disparate silos, creating a fragmented ecosystem which scares away potential users. A cross-chain solution enabling the free flow of financial information across distinct blockchains is a key piece of infrastructure that has been missing from the space. Until now."

Read more here

Lition's Ethereum-based Decentralized Energy Marketplace Now Powers 700 Households

Lition, a “public-private blockchain with deletable data features, made for commercial products”, has been granted a license to operate as an energy supplier in Germany. According to Lition’s official website, it has developed an Ethereum-based decentralized energy marketplace, which connects consumers directly to energy suppliers. On Lition’s official website is stated: 

"Lition's …. blockchain technology simplifies the process of buying energy directly from green producers of any scale by employing transparent smart contracts that allow consumers to circumvent all of the complexity of energy distribution brokers."

Read more here

CryptoCompare Publishes October Exchange Review

CryptoCompare publishes its monthly Exchange Review for October 2018, designed to offer institutional and retail investors insights into the cryptocurrency exchange industry.

The monthly review includes a lot of insightful information including exchange trade data; order book and web traffic analysis; news highlights; exchange market segmentation; an overview of trans-fee mining and decentralised exchanges; information on volumes and pairs including Bitcoin to Fiat volumes; as well as exchange security and KYC requirements.

Key findings from the October review include:

• The top exchange by 24h spot trading volume was Binance with an average of just under 980 million USD, followed by OKEX and Bitfinex with volumes of 405 million and 368 million respectively.
• Spot volumes constituted less than three quarters of total market volumes on average (less than 7 billion USD) compared to futures volumes (3.2 billion USD). Within total spot volumes, exchanges with taker fees represent approximately 90% of the exchange spot market volumes, while transaction-fee based (TFM) and no-fee exchanges represent the remaining 10%.
• An analysis of the top 100 exchanges by 24h volumes suggests that a third of top exchanges store the vast majority of users’ funds in cold wallets (offline).
• If we look at the ratio of order book depth down to volume, we can rank exchanges by how immune to manipulation their markets might be.

Read the full Press Release »

Recently added:

Blockchain Certified Data (BCDT) Token added to the Coin list

Catex added to the Exchange list

ETHER-1 (ETHO) added to the  Coin list