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FTSE Mondo Visione Exchanges Index:

Binance Volume Recovers Despite Mass Outflows - Kaiko Research: Data Debrief

Date 19/12/2022

  • Price Movements: Binance's BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.
  • Market Liquidity: Throughout December, BTC market depth on Coinbase has increased 46% while on Binance, depth is down 5%.
  • Derivatives: Open interest for BTC and ETH perpetual futures has nearly halved since November. 
  • Macro Trends: A difficult macro market environment (along with plenty of crypto-induced volatility) has contributed to a surge in correlation among altcoins.

 

 

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