#BinanceFutures is displaying meteoric growth.

It took just 26 days for #Binance's perpetual contracts volume to exceed spot volume, peaking at a high of 2.3B on October 26th.

Which pair do you trade the most on Binance?

Check out our Research team's new and improved page at research.binance.com for high-quality reports, podcasts, and more!

Weekly Market Update - Dec 02, 2019

Market Moves
BTC $7,236.6 6.45% ⬇️
ETH $148.04 6.83% ⬇️
BNB $15.17 2.56% ⬇️

Top 3 Gainers on Binance
FET $0.06088 62.09% ⬆️
DGD $16.96 57.78% ⬆️
OST $0.01477 52.97% ⬆️

Top 3 Fallers on Binance
VIB $0.02398 -26.74% ⬇️
DATA $0.02349 -19.30% ⬇️
BAT $0.187304 -8.60% ⬇️

Binance News
- Introducing the Troy (TROY) token sale on Binance Launchpad
- Binance Futures launches ETH/USDT perpetual contract with up to 50x leverage
- Binance opens Indian Rupee (INR) fiat gateway through WazirX
- Binance updates the ticker of BCHABC to BCH

Trading News
- Margin trading added for XTZ
- QTUM trading competition has now concluded
- Binance supports XMR protocol updgrade
- New user sign-up bonus activity and rewards distribution completed
- Binance will support the ETHBNT airdrop for Bancor (BNT) holders

Binance Research
- Theory and praxis of DAOs - How can DAOs be conceptualized and classifed?

In Other News...
- Indian government to issue national blockchain strategy

With the latest piece in its Global Markets series, @BinanceResearch discusses notable trends in staking, margin, and futures trading from November.

Please read the full report here 👇
https://research.binance.com/global-markets/november-2019

Views from Binance Trading

From the $50m hack at a top Korean exchange to Chinese exchanges shutting down, and CEOs vanishing with cold wallet keys, November was not a pretty month for crypto. BTC also dropped from $9,200 at the beginning of the month to $7,600 at the end of the month, falling as low as $6,600 at one point, with total market cap dropping by around $40 billion.

One exciting thing that occurred this month was what seemed to be a correlated increase in price for some past Launchpad projects. Starting at around November 25, several Launchpad tokens saw a sharp rise in price, with MATIC even doubling in price in the span of a few days.

We decided to take a look at taker buy-sell ratio data from our exchange for Matic Network (MATIC), Fetch.Ai (FET), Elrond (ERD), Band Protocol (BAND), and Harmony (ONE) to see if certain regions may have spurred the rallies but found little to no correlation.

For example, MATIC saw a higher taker buy-sell ratio in East Asia and Western Europe. In contrast, the ratio was much lower in Eastern Europe, meaning this region sold more in terms of taker orders. FET was more even across different areas, although it did see a lower ratio in Eastern Europe. BAND was also quite even but saw lower ratios in East and Southeast Asia, as well as Western Europe. ERD saw higher ratios in Eastern and Western Europe as well as Southeast Asia. ONE had higher ratios in Southern and Eastern Europe. Although possible, the rallies in Launchpad tokens do not seem like a coordinated effort.

Our OTC desk did see some more trades and quote requests for Launchpad tokens than usual, but it was not anything too out of the ordinary. Along with Launchpad tokens, there was some more demand for privacy coins than usual. As with last month, there was a high number of altcoin trades, which was not that unusual given the fluctuations in BTC. What was a bit surprising was that it was a rather quiet month for BTC comparatively in terms of flow, although flows were sell-dominant as one might expect.

Weekly Market Update - Dec 09, 2019

Market Moves
BTC $7,502.8 2.03% ⬆️
ETH $150.36 0.40% ⬆️
BNB $15.66 1.61% ⬆️

Top 3 Gainers on Binance
GO $0.01443 65.55% ⬆️
MATIC $0.04114 58.08% ⬆️
ENJ $0.09066 50.80% ⬆️

Top 3 Fallers on Binance
OST $0.01052 -24.54% ⬇️
DATA $0.01824 -23.08% ⬇️
ADX $0.07268 -18.67% ⬇️

Binance News
- Binance Community Coin Vote Round 4 - COTI vs VITE
- Binance supports Ethereum Istanbul upgrade
- Purchase an HTC EXODUS 1 - Binance Edition and win up to $100 USD in BNB

Trading News
- Adjustment to the daily interest rate for borrowing ETH
- Binance supports Cosmos (ATOM) staking
- Binance supports zero fee Tezos (XTZ) staking
- Margin trading added for RVN
- Trading pairs for BUSD/RUB, VET/BUSD and QTUM/BUSD added
- Removal of trading pairs

Binance Research
- Global Markets - November overview

In Other News...
- Deutsche Bank Research - Could crypto replace fiat by 2030?

@BinanceResearch analyzed the mining activities of Bitcoin, Bitcoin Cash, and Bitcoin SV. While mining has become a billion-dollar industry, some participants appear to be irrational in how they allocate their hashpower between $BTC, $BCH, and $BSV.

Find out more here:
http://research.binance.com/analysis/bitcoin-mining-allocation

Expected annual yields for staking assets vary greatly, from 1% to 16%. Will 2020 be the year of #Staking?

Find more by reading our report about the Rise of Staking.
https://research.binance.com/analysis/rise-of-staking

Do not forget that #Binance provides staking services for many popular cryptoassets like ALGO, TRX, KAVA, VET, and XTZ!
Deposit your coins to Binance and start earning rewards today.
https://binance.com/en/staking

Weekly Market Update - Dec 30, 2019

Market Moves
BTC $7,442.31 -1.64% ⬇️
ETH $135.97 1.88% ⬆️
BNB $14.35 3.81% ⬆️

Top 3 Gainers on Binance
MANA $0.03356 15.32% ⬆️
BAT $0.19665 14.53% ⬆️
FTM $0.01159 13.79% ⬆️

Top 3 Fallers on Binance
WTC $0.36126 -19.21% ⬇️
HBAR $0.01327 -16.90% ⬇️
MITH $0.00764 -14.80% ⬇️

Binance News
- Users can now bind their Visa cards to their Binance.com accounts and purchase crypto
- Binance Futures - how to calculate liquidation price

Trading News
- ETH/TRY, XRP/TRY, USDT/TRY, and USDT/RUB trading pairs have been added
- Adjustment to the daily interest rate for borrowing USDT

In Other News…
Indian government institute offers blockchain training in multiple cities

In its December overview, @BinanceResearch discusses the absence of a 2019 "Santa Claus Rally" in crypto-markets.

The expansion of $BUSD, #BinanceCollectibles, and the opposition between bulls and bears in the $BTC market are also investigated.

https://research.binance.com/global-markets/december-2019

Views from Binance Trading
December was one of the more polarising months in recent memory in terms of opinions split about BTC’s price direction. As BTC hovered at the $7,250 mark, there was the debate about whether BTC would reach $6,500 or $8,000 first. We asked this question on a poll in the Binance Trading Telegram channel, and opinions were split almost exactly 50-50. The bears ended up being correct as BTC did reach $6,500 on Dec 18, but found strong support at this level and shot back up almost immediately to above $7,100. We enter 2020 with virtually the same question we had in our poll, and it seems that BTC may be range-bound for longer than many have expected.

Going into OTC flows, December started with a few sizeable BTC sells. We thought this could kickstart increased sell pressure on BTC, but prices held up well. As BTC moved sideways, sell flows for small-cap altcoins were dominant. Large-cap altcoins like ETH and XRP, on the other hand, were in demand and saw a higher than usual amount of buy flows.

BNB also saw a high amount of buy flows this month, notably when prices first dipped below $15. There was another round of buy flows when prices dropped below $13. Starting from a few days before Christmas to the end of the month, two-way flows for BTC picked up. Buyers may have been anticipating a Santa or an end-of-the-year rally, and sellers may have turned bearish after seeing BTC fail to pick up steam throughout December. It will be interesting to see whether BTC makes any significant movements in either direction in January, after a historically unusually calm December.