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 […]

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