IDEAS home Printed from https://ideas.repec.org/p/erg/wpaper/1539.html
   My bibliography  Save this paper

Survival of The Fittest: A Natural Experiment from Crypto Exchanges

Author

Listed:
  • Ahmet Faruk Aysan

    (Hamad Bin Khalifa University)

  • Asad Ul Islam Khan

    (Ibn Haldun University)

  • Humeyra Topuz

    (Istanbul Sehir University)

  • Ahmet Semih Tunali

    (Middle East Technical University)

Abstract

This paper explores the applicability of universal cryptocurrency exchange by analyzing crypto exchanges of Binance, Latoken, Kucoin, and Qash, which also have their own cryptocurrencies in the crypto market. Results of the recursive Johansen cointegration test proved that even though all of the cryptocurrencies have cointegration among each other, Binance positively disassociated itself from others after it moved to Malta on 23 March 2018. Based on the daily prices of cryptocurrencies over the period from November 6, 2017, to November 10, 2019, taken from coinmarketcap, we conclude that Binance can be considered as a survival of the fittest among all of the crypto exchanges in this natural experiment.

Suggested Citation

  • Ahmet Faruk Aysan & Asad Ul Islam Khan & Humeyra Topuz & Ahmet Semih Tunali, 2022. "Survival of The Fittest: A Natural Experiment from Crypto Exchanges," Working Papers 1539, Economic Research Forum, revised 20 Feb 2022.
    • Handle: RePEc:erg:wpaper:1539
    as

    Download full text from publisher

    File URL: https://erf.org.eg/publications/survival-of-the-fittest-a-natural-experiment-from-crypto-exchanges-2/
    Download Restriction: no
    File URL: https://bit.ly/3M5CvSp
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:1539. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sherine Ghoneim (email available below). General contact details of provider: https://edirc.repec.org/data/erfaceg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.