Episode 001: What Happens to Bitcoin in A Global Recession?

What happens to Bitcoin in a global recession
We all know what can happen to the stock market during a global recession, but what happens to the cryptocurrency market, specifically Bitcoin’s? Are people drawn to it as a store of value? Does it mirror traditional markets? CoinFi’s junior product manager Wayne Lam and co-founders Tim Tam and Han Chang explore these questions and more in this episode of the CoinFi Podcast.

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CoinFi Expands Reach to China with Listing on FCoin Exchange

HONG KONG - July 11, 2018 - CoinFi (KuCoin, Cobinhood: COFI), the leading market intelligence platform offering Wall Street-caliber trading tools, signals, and analysis on the cryptocurrency market, today continued to strategically extend its reach and coin availability with a listing on Fcoin, the China-based exchange known for its transactional mining model and high trading volume. The announcement follows a $15 million ICO and listings on KuCoin and Cobinhood earlier this year. Investors can begin trading COFI on Fcoin July 11 at 6:00PM HKT. COFI, a utility token, grants CoinFi users access to news, analysis, and hedge-fund caliber trading tools on the CoinFi platform. It’s also used to compensate research contributors and analysts in a token-for-information ecosystem, with the highest-quality contributors rewarded more frequently by the crowd.

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Reflecting on the First Half of 2018 & Building a Better CoinFi

Here’s an unfiltered look at the first half of 2018 - both at the progress we’ve made, and the setbacks we’ve had, and what you can expect from us going forward.

Reflecting on the First Half of 2018

LinkedIn founder Reid Hoffman once noted that building a startup is a lot like jumping off a cliff, then assembling an airplane as you’re hurtling towards the ground. In assembling that airplane we’ve had some setbacks, but we’re still very far from hitting the ground. With the benefit of hindsight, there are a few key things we could have done better in the first half of 2018. We’ve learned from those mistakes and have taken steps to make the second half of 2018 a big one for the CoinFi platform.

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Can This Exchange Dethrone Binance? How FCoin Rose to $17.3 Billion USD Daily Volume

It’s the hottest exchange in town, and you’ve likely never heard of it. It currently has the highest transaction volume in the world, and it’s not even listed on CoinMarketCap.com.

The Rise of FCoin

FCoin, the China based exchange set up by the former CTO of Huobi, Zhang Jian began trading in early May. It has seen a meteoric surge in volume over the last two weeks. None of this is captured yet by major data outlets, since most of them such as Coinmarketcap.com have yet to add their data feed to their sites. And it truly is meteoric. You can see for yourself from a snapshot of last 24 hour $volume traded from their website below.

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COFI Tokens Are Now Available to Trade on Cobinhood, the Zero-Fee Exchange

COFI Listed on Cobinhood
HONG KONG - June 25, 2018 - CoinFi, the leading market intelligence platform offering Wall Street-caliber trading tools, signals, and analysis on the cryptocurrency market, today announced its coin listing on Cobinhood, the zero-fee cryptocurrency exchange offering free spot and margin trading. The announcement comes after a successful ICO earlier this year in which CoinFi raised $15 million in a private token sale to further develop its lineup of trading and analysis tools and build out its in-house and crowdsourced crypto news ecosystem. Already trading on the KuCoin exchange (COFI:ETH), CoinFi’s listing on Cobinhood expands its reach and availability to the trading community. The team predominantly comprises former elite Wall Street traders, technologists, data scientists, and financial analysts, and the company has plans to roll out trading signals and advanced token metrics - among other tools -  later this year.

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11 Cryptocurrency Exchange Tokens Ranked By TVEV Ratio

TVEV Ratio of Centralized Exchanges with Tokens
Previously, we’ve analyzed crypto exchange tokens using the TVEV ratio - token value / exchange volume . The TVEV ratio compares the price of an exchange token to the traded volume on the underlying exchange. Conceptually, it’s not too far away from the P/E ratio which is often used when valuing equities. After our last post, many of you reached out and asked us to analyze a wider array of exchange tokens, beyond just Binance Coin, Huobi Token, and KuCoin Shares. So, in this post we’ll have a broader look at centralized exchange tokens. If you’re waiting for our analysis on decentralized tokens (such as 0x, Bancor, and Kyber), do not despair - we’ll share that one soon as well.

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Valuing BNB Token: How Binance Could 2X BNB Coin Value Overnight

In a previous CoinFi research analysis written by our very own Chief Data Scientist Alex Svanevik, we compared various exchange tokens using TVEV ratio, discovering that there is a simple model we could use to assess whether or not an exchange token is priced fairly in relation to other exchange tokens. In this post, we will attempt to value the Binance exchange token (BNB coin) from a cash flow perspective. The reasons for CoinFi’s fascination with exchange tokens are:
  • The utility/token economics are generally well defined, making them easy to understand and value.
  • Exchange tokens as a whole (especially Binance) have been widely used, circulated, and battle tested. Several of them have even had a series of buybacks.
  • Despite the recent sell-off in crypto, exchange tokens have held up quite well, as shown in the graph below.

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What Are the Hottest Cryptocurrencies on The Market? An Analysis of 60,000+ News Articles

We’ll soon be launching the CoinFi News feature, where you can be the first to know the news that moves the crypto market. While we’re still busy putting everything in place for the launch, we thought we’d give you some insights from the data that underlies our News feed. In this post, we’ll look at:
  1. Which coins are mentioned the most in the CoinFi News feed?
  2. What are some coins that have been experiencing an increase in mentions lately?
  3. How does number of news mentions correlate with trading metrics, in particular transaction volume?

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CoinFi News Coming Soon & The Team Continues to Grow

It’s been an exciting month at CoinFi, with both the in-person and remote teams growing rapidly, and product development accelerating. This past month we continued to focus on recruitment and developing the features scheduled for release this summer. We’re excited about the feature rollouts we have coming up, and by the time fall comes around, we expect that CoinFi will finally leave the beta stage behind.

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The Value of Exchange Tokens: Comparing Binance, Huobi, and KuCoin

TVEV Ratio Days YTD 2018
In many ways, exchange tokens are among the most straightforward token models out there. The Binance Coin (BNB) gives you a 50% discount on your Binance transaction fees. To compare this with something a bit more tangible, many cities have a pretty similar system for public transportation. Buy a card with 10 metro rides up front and you’ll get a 10% discount. The most obvious difference between your metro card and BNB tokens in your wallet is that BNBs have a capped total supply.

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