Expect More M&As As New Type of Buyers to Compete With ‘Crypto Octopuses’

M&A activity might pick up in H2 2020 and early 2021. M&As will be determined by the quality and impact of targets. European crypto exchanges are among potential targets. Traditional financial institutions and tech companies might become active buyers Mergers and acquisitions (M&A) in the crypto industry are likely to increase in the second half of 2020, despite the ongoing COVID-19 pandemic. This is the opinion of industry players working in crypto and blockchain, who believe that the bigger companies are likely to step up their mergers and acquisitions in…

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Binance Says Altcoins Taking Center Stage, Names Five Top Crypto Assets As Bitcoin (BTC) Approaches Critical Moment

Binance just released an overview on the current state of the crypto markets. The leading cryptocurrency exchange says the majority of Bitcoin investors are holding on tight in anticipation of a big move, but whether BTC will break out or break down remains an open question. “The narrow price range has also driven Bitcoin’s 30-day volatility down to its lowest level since October 2019, indicating the lack of directional bias… From earlier observation, historical patterns suggest that volatility contraction often precedes expansion, which eventually leads to a breakout or breakdown.…

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Bitcoin and Crypto Broker Coinbase Preparing to Launch Its Own Token, Hints Co-Founder Fred Ehrsam

The leading US cryptocurrency exchange Coinbase may be gearing up to launch its own token. In a new interview on the Unchained podcast, Fortune senior reporter Jeff Roberts says news that the high profile Bitcoin (BTC) exchange is preparing for a listing on the stock market is not surprising. He’s more interested in the possibility that the firm may issue a token offering alongside an initial public offering (IPO). “I know when I talked to Fred Ehrsam recently, one of the co-founders of Coinbase, he hinted strongly this could be some sort of token…

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Key Metrics Show Institutional Interest in Crypto Is High and Rising

As institutions flock to crypto, here are the fundamental metrics that can be used to track their interest. The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. Record Bitcoin options volumes are indicative of an increasing institutional interest in crypto, but there are better quantitative and qualitative indicators to use, such as open interest, Bitcoin’s price, frequency of block trades,…

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Only 5 Out of Top 20 Cryptos More Valuable Than A Year Ago

As bitcoin (BTC) and other major coins still trading well bellow highs, seen in June of 2019, only five tokens among the top 20 cryptoassets by market capitalization are in the green on a 12-month basis. While the crypto market was more or less on fire this time of the year last year, the situation now is that the number one cryptoasset, BTC, is down more than 20% over the past 12 months. The same also goes for most of the other major cryptoassets, with ethereum (ETH), bitcoin cash (BCH), bitcoin SV (BSV), and litecoin (LTC),…

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US Congressman: Bitcoin (BTC) Is a Great Store of Value, Central Bank Printing Has Consequences

US Congressman Warren Davidson thinks Bitcoin is a great store of value while taking shots at central banks for their efforts to print more money. In a new interview with Laura Shin of Unchained, the Ohio Republican lauds the potential of crypto assets. He also criticizes how frequently modern central banks print money. “Some people in the space don’t support central banks. I think a central bank has a role, but I do think it’s cautionary, as people say, ‘Oh, we should print another three trillion [dollars] and another.’ The modern monetary…

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Most Exchange Tokens Are ‘Undervalued’ – Research

Given the current trend of increased activity in both the spot and derivatives market for crypto trading, a number of exchange tokens may represent good investment opportunities at current prices, according to token data and rating agency TokenInsight. In its latest Exchange Token Valuation Report, the agency said that it has “discovered that most exchange tokens are undervalued” at present prices. To arrive at this conclusion, the report used a range of different metrics, including the Price to Burn ratio, Price to Earnings ratio and several other less known metrics, to calculate a “price…

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Four Crypto Exchanges Rake In 90% of Bitcoin Trading Volume

While bitcoin (BTC) is as a decentralized asset, trading in and out of the biggest cryptoasset remains a relatively centralized process, according to a new report from crypto data provider Coin Metrics. Although bitcoin is traded against a range of fiat currencies, stablecoins, and other cryptoassets across both centralized, decentralized, and peer-to-peer markets, major centralized exchanges still control an overwhelming share of the market. More specifically, these exchanges include the major players Coinbase, Bitstamp, Bitfinex, and Kraken. “Distribution of US dollar quoted spot market volume follows a power law where roughly 90 percent of the volume is concentrated in…

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Leading Crypto Derivatives Exchange ErisX Ramps Up Bitcoin, Ether, Bitcoin Cash, Litecoin Bulk Trading With New API

ErisX has introduced a new application programming interface (API) to advance over-the-counter crypto trading, making the workflow more familiar to capital markets professionals. The move is designed to bring cryptocurrencies to a wider swath of institutional traders by enhancing bulk trading practices. According to the announcement, “Registered market participants will be able to submit pre-negotiated block trades to Eris Exchange through our REST based API, or our Trading Interface, which after automated review, will be settled and cleared at Eris Clearing. This removes the headaches of OTC escrow based workflows and…

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Second-Tier Exchanges Are A Vital Part of Crypto Ecosystem

The best second-tier exchanges will find a niche for themselves. “They are too small to be on the radar so they can be more ‘wild.’” Everyone has heard of Coinbase, Binance, Kraken and other big exchanges, but few of us could name any or many of the so-called ‘second-tier’ exchanges. These are smaller exchanges that don’t grab the headlines and don’t trade massive volumes, and given the fact that they largely fail to distinguish themselves, it’s hard to imagine that most of them will survive in the future. However, traders and experts working within…

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