Measuring the Binance bump (and dump)

Quick Take

  • Binance has 165 assets listed for trading, we examine the 123 added since launch
  • Binance listing announcements provides a median return of 29% 
  • Returns appear to be short lived; the week after the initial ‘bump’ shows an average decline of 11%
In a little over a year, Binance grew from an unknown startup to the largest cryptocurrency exchange in the world. The exchange has 10 million registered users and is on track to generate between $500M-$1B in profit in 2018. While a listing on Coinbase comes with the prestige and support of a well-regulated exchange, Binance […]

This report is for Research Members

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Learn More Already a Research Member? Sign In

Related Reading