Dynamics of Bitcoin trading on the Binance cryptocurrency exchange

Abstract

Currently, there are a great number of platform-projects and frameworks based on blockchain technology. Consequently, it is necessary to define the most relevant blockchain platforms and analyze them taking into consideration a variety of features. Also, there is a need to investigate the logistics growth and the price of Bitcoin on the Binance cryptocurrency exchange. The authors have examined modern technologies used by manufacturing companies in the field of fintech in the context of the 2019-2024 period. The results show that sensors and automatic identification take the leading position both at present and in 2024. Aartificial intelligence and blockchain are also in demand by manufacturers today, however in the nearest future their ranking positions will increase sixfold from 10% to 60%. In the current paper the authors review the largest companies that effectively use blockchain technology in their businesses. The conducted survey shows that 18% of companies use blockchain technology based on Bitcoin. The authors have analysed a number of Bitcoin transactions for the period from January 2017 to February 2021 and concluded that the COVID-19 pandemic has had a favourable effect on the indicator data. A maximum number of transactions equal to 10.15 million was carried out in July 2020. Using the method of the Ordinary Least Squares (OLS) and statistical estimation methods the authors have revealed an underestimation of the equilibrium state of the empirical distribution of price data and the volume of daily trading of Bitcoin on the Binance cryptocurrency exchange through the channel of the right-hand confidence interval. The blockchain technology based on Bitcoin has positively reacted to the macroeconomic factors such as the COVID-19 pandemics and further growth in Bitcoin transactions is expected. With the help of economic modelling, the authors have defined the predictable volume and the price of Bitcoin on the Binance cryptocurrency exchange.

Blockchain and fintech technologies in the digital space of financial and industrial companies

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Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

“…reducing the time and effort that investors spend on opening an investment account and investment expenses, such as taxes, especially if they relate to foreign investors; -reduce the cost of information for investors and organize the provision of concise, accurate, and easily accessible information on how to open an investment account, relevant regulations, tax information, and local intermediaries; -in many cases, investors invest in specific companies, although exchanges and regulators do not have control over the economic performance of companies, they can work to improve the quality of corporate reporting (both through the relevant listing requirements applied and by increasing the formation of companies); -improving the market's structure (electronic trading system, after-sales service) will not attract investors to the market but will improve the understanding of the market, and, in some cases, if others are equal, can make the market more attractive; also, reporting according to international standards and disclosing it in English are factors that increase the attractiveness of companies in a certain market; -the presence of strong local asset managers is a profitable and, sometimes, a determining circumstance of whether an investor will enter the market; -the development of the local market is just as important as attracting international investors and can help attract these investors; -although foreign investors are not too concerned about market fluctuations, a high level of volatility will reduce the attractiveness of the market for local firms that seek to raise capital, which will reduce the range of investment options (Syed and Sadorsky 2006;Butler et al 2019;Evmenchik et al 2021;Galanov and Galanova 2018;Nurpeisova et al 2021;Patashkova et al 2021;Patro et al 2002). Brazil's experience in balancing the economy after the crisis helped it to pass the stage of the global financial crisis of 2008 relatively easily.…”

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Identifying Risks of Global Finance Digital Transformation

“…Crypto-asset markets are currently having a significant adverse effect on the cyclicality of the global financial distribution system. It is explained by their significant scale, their vulnerability within certain structures, and their ever-increasing interconnectedness with financial systems that are conventional for individual states (Paranque and Revelli, 2019;Patashkova et al, 2021). The international nature and rapid expansion of this type of market establish opportunities for the stabilization of global financial companies within specific economic regions and on account of the interests of the entities operating in those regions.…”