According to Kaiko, although South Korean traders have traditionally preferred counterfeit products (which account for about 80% of the market share in the local platform), bitcoin has attracted a lot of safe-haven inflows during the recent political turmoil. On Upbit and Bithumb, the cumulative volume increment (CVD) of the BTC won trading pair has shown a significant increase.
According to Kaiko Research, the price of Ethereum (ETH) recently hit an annual high of $4,000. Despite briefly outperforming Bitcoin (BTC) after the US election, ETH has yet to test its all-time high of around $5,000 in 2021. However, the price of ETH stabilized around $4,000 last weekend, indicating that it may be on track to test a new price range. The rise in ETH prices coincides with a pick-up in interest in ETH ETFs, which last week recorded record inflows. Institutional investor interest ...
Kaiko released a report saying that ETF options are the latest bullish signal for BTC. Multiple BTC ETF options debuted last week, and BlackRock's IBIT options reached $1.90 billion in nominal trading volume on day one for a total of 354,000 contracts. In comparison, BITO options were launched in 2021 with 360 million...
According to Kaiko data, the weekly trading volume of the top 50 counterfeit products (excluding stablecoins) has soared above $300 billion for the first time since 2021. Among them, the trading volume of the four major tokens of DOGE, XRP, SOL and PEPE accounts for 60% of the total trading volume.
Kaiko's acquisition of Vinter, a European cryptocurrency index provider, aims to expand Kaiko's leadership in cryptocurrency market data and indices and enhance its services to asset managers and institutional clients. Together, Kaiko and Vinter are preparing to offer regulated products such as derivatives, ETFs and ETPs.
According to Kaiko's recent research report, bitcoin briefly traded at a discount of around 1% in the South Korean market last week, the second time since September. Historically, Bitcoin has traded at a premium of up to 50% in the Korean market due to South Korea's unique regulatory framework restricting cross-border capital transfers by foreign users. In March this year, as BTC hit a record high, the "Korean market premium" soared to 10% before falling back to 1-2% in the summer. Notable...
According to Kaiko Research, since parts of the European Union's Crypto Asset Markets Act (MiCA) came into force in June this year, compliant euro stablecoins such as Circle's EURC and Socie ́ te ́ Ge ́ ne ́ rale's EURCV have accounted for 67% of the euro stablecoin market. The report notes that Coinbase has surpassed Binance as the leading platform for trading EUR stablecoins, while Binance primarily promotes non-compliant stablecoins for non-European users. Additionally, despite the change...