Exchange Weekly | Local small and medium-sized exchanges may become the 'first choice' target of supervision; Singapore will open exchange license applications (12.16-12.22)
Produced by Odaily
Editor | Hao Fangzhou
Produced by Odaily
Compliant exchanges will occupy most of the market share;
The decline in exchange traffic has slowed down;
Exchange Weekly Trends
Exchange Weekly Trends
On December 22, Bahrain-based crypto exchange Rain announced that it has received a license from the Central Bank of Bahrain. This will allow the exchange to accept the local currencies of Bahrain and surrounding countries such as Saudi Arabia, United Arab Emirates, Kuwait, Oman, etc.
On December 20, the Monetary Authority of Singapore will open applications for licenses for encrypted exchanges from January 28 next year, with a one-month time limit.
On December 20, Keiichiro Arakawa, president of TAOTAO, a cryptocurrency exchange under Yahoo’s parent company Z Holdings, said in an interview that the company intends to engage in derivatives (financial derivatives), such as encrypted asset futures and options, and the company is also paying attention to Legal and Regulatory Trends.
On December 20, Binance made a strategic investment in FTX and listed FTX Token. Binance Statement: A portion of FTT tokens has been obtained from the investment in FTX, most of which are locked for two years; we are committed to helping FTT and the FTX ecosystem achieve long-term and sustainable development.
On December 19, Xiao Sa, director of the Bank of China Law Research Association, said that the current legal attitude is very firm. If it is found that there are currency-issuing or currency-related exchanges in the country, they will be banned immediately. Local small and medium-sized currency-related exchanges with poor compliance may become 'Preferred' hit targets.
On December 18, Huobi Technology Annual Report: In the 2019 fiscal year, employees were cut by 17%, and the net profit attributable to shareholders was a loss of HK$6.076 million.
Exchange data statistics
Exchange data statistics
source:
source:Alexa
According to Alexa statistics, Binance website UV (unique visitors) this week was 640,000/day, an increase of 5.2% from last week; meanwhile, PV (page views) was 3.392 million/day, a decrease of 6.9% from last week. As the leading exchange in the encryption world, Binance accounts for most of the market traffic, which shows that the decline in the overall market traffic has slowed down 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 orange line is the price trend of BNB, and the blue line is the price trend of HT.
source:tradingview
Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.
The recent trend of platform currency is similar to that of BTC, and the performance of BNB is relatively weak.
source:
source:aicoin
analyst point of view
analyst point of view
Market sentiment remains bearish
The Deribit exchange has an unusually high proportion of put option transactions, and the increase in put option contracts may mean that more market participants are pessimistic about the future price trend of Bitcoin.
The decline in exchange traffic has slowed down
Judging from the recent usage of exchanges and the price of platform tokens, the flow of exchanges has slowed down, but the flow of second- and third-tier platforms and long-tail small exchanges is still in a downward trend, so pay attention to risks.
