Darryn Pollock

HitBTC, OKEx, Binance and Huobi Lead in Trading Pair Stakes

When it comes to trading pairs, there is often a bit of prestige in having the biggest offerings, and HitBTC, Binance, OKEx, and Huobi are leading
HitBTC, OKEx, Binance and Huobi Lead in Trading Pair Stakes

 

A research into the top 10 cryptocurrency exchanges has revealed that four — Binance, OKEx, Huobi, and HitBTC — are leading the way in terms of offering trading pairs with HitBTC by and far the biggest offerer.

Trading pairs within exchanges describe trades between one type of cryptocurrency and another. It is indicative of just how many cryptocurrencies an exchange holds and how they can be traded. There is a lot more that can be read into it, both positive and negative, but it also shows a trend towards certain types of exchanges.

Four trading pair leaders

In order to have a high number of trading pairs, exchanges have to of course have a multitude of offerings in terms of different altcoins. These trading pairs can then expand exponentially.

HitBTC boasts as many as 795 trading pairs and this is because it has the largest number of altcoins. However, it has also faced criticism for listing a number of dubious and poor-quality altcoins for individuals to trade.

Binance has been in the news recently with the way in which it has been listing different altcoins and expanding its trading pair stable. It was criticized for its listing fees but has since said it will donate them to charity.

Binance, although adding 400 pairs in a year, does not even come close to HitBTC and is actually in third with 388.

The second spot belongs to OKEx, the major Hong Kong-based exchange, having 516 pairs on offer with Huobi coming in fourth with 281. Bibox is in fifth place with 191, but from there the rest of the top 10 exchanges all have under 100 trading pairs.

Trading pair leaders

 

views
👓 Recommended articles
Darryn Pollock

HitBTC, OKEx, Binance and Huobi Lead in Trading Pair Stakes

When it comes to trading pairs, there is often a bit of prestige in having the biggest offerings, and HitBTC, Binance, OKEx, and Huobi are leading
HitBTC, OKEx, Binance and Huobi Lead in Trading Pair Stakes

 

A research into the top 10 cryptocurrency exchanges has revealed that four — Binance, OKEx, Huobi, and HitBTC — are leading the way in terms of offering trading pairs with HitBTC by and far the biggest offerer.

Trading pairs within exchanges describe trades between one type of cryptocurrency and another. It is indicative of just how many cryptocurrencies an exchange holds and how they can be traded. There is a lot more that can be read into it, both positive and negative, but it also shows a trend towards certain types of exchanges.

Four trading pair leaders

In order to have a high number of trading pairs, exchanges have to of course have a multitude of offerings in terms of different altcoins. These trading pairs can then expand exponentially.

HitBTC boasts as many as 795 trading pairs and this is because it has the largest number of altcoins. However, it has also faced criticism for listing a number of dubious and poor-quality altcoins for individuals to trade.

Binance has been in the news recently with the way in which it has been listing different altcoins and expanding its trading pair stable. It was criticized for its listing fees but has since said it will donate them to charity.

Binance, although adding 400 pairs in a year, does not even come close to HitBTC and is actually in third with 388.

The second spot belongs to OKEx, the major Hong Kong-based exchange, having 516 pairs on offer with Huobi coming in fourth with 281. Bibox is in fifth place with 191, but from there the rest of the top 10 exchanges all have under 100 trading pairs.

Trading pair leaders

 

views
👓 Recommended articles
🤷 Opinions Alexander Goborov

Ripple 2018: Price and Telegram Mentions. What’s Driving What?

Opinions
Both soars and dives in the price of Ripple lead to its increased mentions on Telegram
Ripple 2018: Price and Telegram Mentions. What’s Driving What?

Ripple (XRP) has been in the limelight of late, from talks about Ripple wallets to discussions about why this cryptocurrency cannot actually be mined. In spite of currently standing at only about 50 US cents a pop, XRP remains the third most influential cryptocurrency by market capitalization with close to 19 billion US dollars, following Bitcoin and Ethereum. Furthermore, XRP is also among market leaders in terms of its social popularity on Facebook.   

Recently, we have looked at some of the overarching stats pertaining to cryptocurrency mentions on Telegram. Now, having gathered a substantial amount of data that corresponds to the January 1 - October 31 period, i.e. two months shy of a full year, it is time to see how these affect Ripple, and, more specifically, how XRP price and its Telegram mentions may be linked:

XRP 2018

In the graph above, the horizontal axis represents time, and the vertical axis is a relative scale that corresponds both to number of Telegram mentions (in blue) and XRP price (in red). Evidently, what can be seen, for the most part, is a picture of the two lines following each other’s trajectories, with the emerging pattern being a clear correlation of the two variables. The remaining question is which variable is independent and which is dependent, i.e. which one determines the movement of its counterpart.

Given that multiple factors go into price formation, it is far more likely that the changes in XRP value are determined irrespective of most activity on Telegram, though not necessarily entirely without it at all times. In contrast, one could successfully argue that changes in XRP price often fuel XRP activity on Telegram. Interestingly, this correlation is both positive and negative: when the price of Ripple goes up, so do Ripple mentions on Telegram; similarly, when the price of Ripple goes down, the number of Ripple mentions on Telegram also increases.

Since Telegram is thought to be one of the safest messaging apps around, it is plausible to assume that XRP owners use Telegram to discuss trade scenarios with various potential buyers and sellers or seek investment advice from other XRP owners. For those who wonder why the blue line crosses the red at one point, the suggested explanation is as follows: this very sharp spike in XRP mentions on Telegram is likely determined by the fact that Ripple saw a sudden increase in its price in the autumn after a relatively long period of summer stability. No doubt, this was seen by many as a big opportunity to transact business in quite some time, which subsequently resulted in the number of XRP mentions on Telegram going through the roof.

Stay tuned for more and be sure to check out this week’s crypto report by our expert trader, Vaido Veek, based in Estonia.

🤷 Opinions
views
👓 Recommended articles
🤷 Opinions Alexander Goborov

Struggling Economies in South America Forcing LocalBitcoins Boom

Opinions
Economic alternatives such as Bitcoin are being snapped up in South America as many countries on the continent face financial uncertainty
Struggling Economies in South America Forcing LocalBitcoins Boom
Contents

Alexander Goborov, Darryn Pollock

Venezuela has been at the forefront of a cryptocurrency adoption wave as it is one of the few countries globally to have a government-backed coin, called the Petro. However, the Petro is just the tip of the iceberg for a continent that is having widespread economic issues.

Failing economies and hyperinflation across most of South America’s nations have seen an influx in trading volume for peer-to-peer site LocalBitcoins where individuals trade Bitcoin with one another as an alternative to their native currency.

So, while Venezuela may have the Petro, and their president’s desire to push it, there are a lot of citizens who are stocking up on a decentralized alternative in preparation for worse things to come.

💼 Related Article
What Will it Take to Make Bitcoin a Dominant Alternative Currency?
🔥 Hot
1 month 3 weeks
256
What Will it Take to Make Bitcoin a Dominant Alternative Currency?

Big drive in crisis-riddled Venezuela

A look at the current trading volume of LocalBitcoins in a number of South American countries shows an obvious influx, even more so than at Bitcoin’s peak in volume during the December 2017 crypto bubble.

In Venezuela, the spike only really began in March of 2018, when the South American country started to truly feel the hyperinflation of its native currency, the Bolivar, which added to other major social and political problems of the nation. Since March though, the figures have been growing exponentially as more and more people look to the decentralized site to stock up on an available currency of value. Currently, the trade is peaking at close to 1.25 billion bolivars, which is over 19 million US dollars, a serious sum, indeed, that the Venezuelans have invested in Bitcoin this October.

image

Similar situations in crisis countries

But, it is not just Venezuela that is seeing this influx in LocalBitcoins trading. Others, such as Argentina, whose Peso is also under threat at the moment with inflation striking it hard, have recently started to contribute to a giant surge in LocalBitcoins trading. Last week alone, the Argentinians put close to 8 million Argentine pesos into Bitcoin purchases, which is roughly a quarter of a million US dollars.

image

Bear in mind that here we are talking about Argentina’s average citizens residing in a country with a comparatively low standard of living. Undoubtedly, these figures are indicative of major local fiat to crypto movements, as they are, crucially, of Argentina’s willingness to re-enter the crypto market in a big way.

Along with the two aforementioned countries, this pattern is also clear in Colombia, Peru, and Chile, all of whom are struggling right now, having entered an economic crisis period with their local currencies becoming extremely frail.

After some far-reaching turmoil comprised of inflation and general socio-economic instability, the Colombians have also decided to join the crypto race and bought close to 8 billion pesos worth of Bitcoin this month, which is roughly 2.5 million US dollars.

image

This month’s Bitcoin purchases in another South American nation, Peru, are currently peaking at close to 3.5 million Peruvian sols, which is over 1 million USD, an impressive amount for those who support themselves mainly through agriculture.

image

Despite the fact that, compared to neighbours, Chile is considered to be a wealthier country with its standard of living approaching that of Spain, here, too, we see some local fiat to crypto movements. Likely as a result of the economic crisis that started last year, the Chileans spent close to 150 million pesos on Bitcoin last week, which is roughly the same figure as the one shown by Argentina, around a quarter of a million US dollars.

image

What comes next is yet to be seen. One thing is self-evident: as of today, South Americans seem to have more faith in cryptocurrency than the rapidly-becoming-valueless paper money issued by their Central Banks.

🤷 Opinions
views
👓 Recommended articles
Alexander Goborov

October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Electrify.Asia has by far the most new ERC-20 token holders, which means it is currently the most popular cryptocurrency on the Ethereum network
October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Ethereum is one of the leaders of today’s crypto world: it is second only to Bitcoin by market cap with 20.5 billion US dollars; right now, it is also standing at number four in terms if its monetary value following Bitcoin, Maker, and Bitcoin cash with almost 200 USD for one coin of Ether.

But, of course, Ethereum is not only a giant platform that generates its own cryptocurrency: it also lets other cryptocurrencies use its Blockchain network, so long that all of the technical rules are observed within the ecosystem. As a result, all cryptocurrencies that are hosted by Ethereum, apart from its own Ether, must be ERC-20 compliant (Ethereum Request for Comment), and every holder of an Ethereum-based cryptocurrency is thus also a de facto holder of an ERC-20 token.

This means that ERC-20 token holder figures are indicative of how well a crypto coin is doing within the larger Ethereum framework. The more ERC-20 token holders there are, the better that “guest” currency is doing, and since Ethereum is also one of the market leaders, any given cryptocurrency’s internal popularity on Ethereum also directly reflects on how well it is paddling through the crypto sea in general.

Below is the top 10 list of this October’s new ERC-20 token holders for each of the leading Ethereum-based cryptocurrencies:

This October’s New Token Holders

The current winner by a landslide is Electrify.Asia with almost 100 000 new ERC-20 token holders this October, followed by XMax with around 13 500 new token holders, then Moneytoken with around 12 000, Skrumble Network with around 9 000, 0xcert with roughly 8 000, SALT with 7 000, UChain is lagging slightly behind with around 6 800, FansTime has close to 6 500 token holders, DAEX around 4 500, and finally Datum is in last place with just under 4 000 new ERC-20 token holders this October.

Being “the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy” and with their slogan promising to “build an intelligent energy ecosystem for Asia”, the Singapore-based Electrify.Asia, headed by Julius Tan and Martin Lim, have set very high expectations for themselves. Let’s see what happens closer to the New Year!

💼 Related Article
Top 10 Trading Pairs on Binance and Bitfinex Show Interesting Exchanges
🔥 Hot
1 month 2 weeks
256
Top 10 Trading Pairs on Binance and Bitfinex Show Interesting Exchanges

views
👓 Recommended articles
Stavros Georgiadis

The Top Rate ICO Industries in 2018

Investing in ICOs requires due diligence and analysis of potential risks and returns.
The Top Rate ICO Industries in 2018

Investing in ICOs requires due diligence and analysis of potential risks and returns. CoinDesk is its article named “The Seven Pillars of ICO Investing” has listed the most important pillars to consider before deciding to invest or not on any specific ICO project.

These 7 Pillars are the following:

  1. Team
  2. Idea
  3. Execution
  4. Legal/Regulatory Framework
  5. Tokenization
  6. ICO Structure
  7. Price Divers

What is interesting and should not be surprising though in the ICO investing is the fact that business models and marketing, promotional channels differ significantly in the amount of fundraising, as some business categories have in general twice the median funding compared to the smaller ones. The following statistic may be useful to investors as it represents the ICO categories with highest median funding. A higher amount of funding may be justified by future business prospects about what investors believe are the most promising trends that could be deliver desired returns on investments given the risks taken.

Categories with highest median funding in 2018:

  1. Blockchain Infrastructure
  2. Internet & Telecommunications
  3. Computing & Data Storage
  4. Data Analytics
  5. Asset Management
  6. Legal Services
  7. Social Media & Communication
  8. Supply & Logistics
  9. IT
  10. Identity & Reputation

These business categories are referenced not in random order, but from highest to lowest order of median funds raised. The Blockchain Infrastructure category has the highest median funds raised at $ 7,012,289, while the Identity & Reputation category has the lowest median funds raised in 2018 at $ 3,750,000. The first and last business categories have a significant difference between them in terms of median funds raised as the Blockchain Infrastructure category is 87% larger than the Identity & Reputation category.

Another key interesting statistic in ICO investing is the geographical distribution of projects fundraising in the third quarter of 2018. The following infographic shows that there are again very large differences within continents. Europe and specifically Russia with $ 182.9 Million was the largest market, Israel with $19.6 Million was the smallest market, while South Korea witnessed a significant drop in fundraising as according to ICORating, in Q3 2018, 17 projects with South Korean origins raised USD 68 million, compared with 16 projects and USD 301 million in Q2 2018.

Geographical distribution of projects based on origin of the project team, Q3 2018

Geographical distribution of projects based on origin of the project team, Q3 2018

Country of origin means a country in which more than 50% of team members were living at the time of an ICO.

Another point worth mentioning is that in Q3 2018 USA had the largest number of projects compared to all mentioned countries in the above infographic, still Russia with a smaller number of projects, 63 was as mentioned the largest market.

views
👓 Recommended articles