Cryptocurrency comovements and crypto exchange movement: The relocation of Binance
<p dir="ltr">Binance, the largest cryptocurrency exchange by traded value, relocated from Hong Kong (origin market) to Malta (destination market). This study exploits this relocation event by examining the comovement of Binance's native token with the native tokens of other cryp...
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2022
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| _version_ | 1864513546384048128 |
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| author | Mustafa Disli (17307716) |
| author2 | Fatima Abd Rabbo (17307719) Thibault Leneeuw (17307722) Ruslan Nagayev (17307723) |
| author2_role | author author author |
| author_facet | Mustafa Disli (17307716) Fatima Abd Rabbo (17307719) Thibault Leneeuw (17307722) Ruslan Nagayev (17307723) |
| author_role | author |
| dc.creator.none.fl_str_mv | Mustafa Disli (17307716) Fatima Abd Rabbo (17307719) Thibault Leneeuw (17307722) Ruslan Nagayev (17307723) |
| dc.date.none.fl_str_mv | 2022-08-30T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.frl.2022.102989 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Cryptocurrency_comovements_and_crypto_exchange_movement_The_relocation_of_Binance/24465664 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Business systems in context Strategy, management and organisational behaviour Applied economics Economic theory Applied mathematics Exchange relocation Binance Altcoins Bitcoin Comovement |
| dc.title.none.fl_str_mv | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">Binance, the largest cryptocurrency exchange by traded value, relocated from Hong Kong (origin market) to Malta (destination market). This study exploits this relocation event by examining the comovement of Binance's native token with the native tokens of other cryptocurrency exchanges in the origin and destination markets. Using multivariate regression analysis, our results show that Binance experienced a significant decline in comovement with its origin market after moving to Malta. The results are less evident for the destination market; however, an increase in comovement immediately after the relocation of Binance is notable.</p><h2>Other Information</h2><p dir="ltr">Published in: Finance Research Letters<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://doi.org/10.1016/j.frl.2022.102989" rel="noreferrer" target="_blank">https://doi.org/10.1016/j.frl.2022.102989</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_9dd61c55ed4add70aa1a2b477615f458 |
| identifier_str_mv | 10.1016/j.frl.2022.102989 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24465664 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Cryptocurrency comovements and crypto exchange movement: The relocation of BinanceMustafa Disli (17307716)Fatima Abd Rabbo (17307719)Thibault Leneeuw (17307722)Ruslan Nagayev (17307723)Commerce, management, tourism and servicesBanking, finance and investmentBusiness systems in contextStrategy, management and organisational behaviourApplied economicsEconomic theoryApplied mathematicsExchange relocationBinanceAltcoinsBitcoinComovement<p dir="ltr">Binance, the largest cryptocurrency exchange by traded value, relocated from Hong Kong (origin market) to Malta (destination market). This study exploits this relocation event by examining the comovement of Binance's native token with the native tokens of other cryptocurrency exchanges in the origin and destination markets. Using multivariate regression analysis, our results show that Binance experienced a significant decline in comovement with its origin market after moving to Malta. The results are less evident for the destination market; however, an increase in comovement immediately after the relocation of Binance is notable.</p><h2>Other Information</h2><p dir="ltr">Published in: Finance Research Letters<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://doi.org/10.1016/j.frl.2022.102989" rel="noreferrer" target="_blank">https://doi.org/10.1016/j.frl.2022.102989</a></p>2022-08-30T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.frl.2022.102989https://figshare.com/articles/journal_contribution/Cryptocurrency_comovements_and_crypto_exchange_movement_The_relocation_of_Binance/24465664CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/244656642022-08-30T00:00:00Z |
| spellingShingle | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance Mustafa Disli (17307716) Commerce, management, tourism and services Banking, finance and investment Business systems in context Strategy, management and organisational behaviour Applied economics Economic theory Applied mathematics Exchange relocation Binance Altcoins Bitcoin Comovement |
| status_str | publishedVersion |
| title | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| title_full | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| title_fullStr | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| title_full_unstemmed | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| title_short | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| title_sort | Cryptocurrency comovements and crypto exchange movement: The relocation of Binance |
| topic | Commerce, management, tourism and services Banking, finance and investment Business systems in context Strategy, management and organisational behaviour Applied economics Economic theory Applied mathematics Exchange relocation Binance Altcoins Bitcoin Comovement |