New Report: LATAM's rise in global crypto markets

Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.

USDC
30/06/2025 Data Debrief
USDe faces regulatory setback in Europe.This week we’re diving into Ethena’s USDe, a stablecoin that’s quickly captured market share and regulatory attention. As global rules tighten and stablecoins become more integrated into mainstream finance, can USDe keep its momen...
USDC
16/06/2025 Data Debrief
Traders position for potential SOL ETF.This week we’re talking all things Solana. As ETF issuers line up to launch funds tracking SOL the m...
Written by The Kaiko Research TeamUSDC
16/06/2025 Data Debrief
The data behind Circle’s $18B Valuation.Circle’s IPO debut on the New York Stock Exchange on June 5th captured market attention, with shares...
Written by The Kaiko Research Team
Solana
06/11/2023 Data Debrief
Solana in the LimelightBTC traded above $35k this morning after remaining rangebound for much of the past two weeks. Meanwhile, PayPal faces a subpoena from the SEC over its new stablecoin, SBF was found guilty on all seven criminal fraud counts, and the new Celestia blockchain is off to a slow start.
Written by The Kaiko Research TeamBitcoin
30/10/2023 Data Debrief
Breaking Down Bitcoin's RallyBitcoin is still trading at 16-month highs on the back of ETF speculation, diverging sharply from equity markets. Last week, SBF took the stand in an unusual turn of events while the FTX estate began evaluating offers to restart the exchange.
Written by The Kaiko Research TeamAsia
26/10/2023 Deep Dive
Exploring the Korean Crypto MarketThis week we explore the South Korean crypto market and the rise of Upbit, one of the largest crypto exchanges in the world for altcoin trading.
Written by Riyad CareyAsia
26/10/2023 Deep Dive
한국 암호화폐 시장 리서치This week we explore the South Korean crypto market and the rise of Upbit, one of the largest crypto exchanges in the world for altcoin trading.
Written by Riyad CareyBitcoin
23/10/2023 Data Debrief
The Impact of a RumourBTC is trading above $30k for the first time since August. Last week, a lot happened on the legal front: The SEC decided not to appeal the Grayscale decision and dropped its lawsuit against Ripple executives while the state of New York sued DCG and Gemini. Otherwise, Coinbase listed perpetual futures and Binance re-gained Euro access.
Written by The Kaiko Research TeamLiquidity
19/10/2023 Deep Dive
Understanding Centralized Exchange Liquidity DataThis week we take a step back to explain some fundamental concepts around Kaiko’s liquidity data.
Written by Riyad CareyLiquidity
16/10/2023 Data Debrief
Ethereum Reaches Staking EquilibriumWelcome to the Data Debrief! BTC recovered from two-week lows early Monday, closing the week flat ahead of the third week of SBF’s trial. Last week, star witness Caroline Ellison took the stand, providing new details into how Alameda Research used FTX customer funds. This week, we explore:
Written by The Kaiko Research TeamCEX
12/10/2023 Deep Dive
What's Happening at Huobi?Detailing unusual activity on HTX, beginning by exploring the exchange’s relationship with Poloniex, then moving to trading volumes, its USDT-USDC pair, and transactions with Binance.
Written by Riyad CareyEthereum
09/10/2023 Data Debrief
Why is ETH underperforming BTC?Bitcoin briefly hit a 2-month high over the weekend, crossing $28k amid a volatile macro news cycle and turmoil in the middle east. Meanwhile, week two of the SBF trial begins today, Visa tapped Solana for USDC settlement, a Swiss startup issued a tokenised security on Coinbase’s Base network, and six new ETH ETFs received a lukewarm reception. This week, we explore:
Written by The Kaiko Research TeamLiquidity
05/10/2023 Deep Dive
Breaking Down Q3's Top 5 TrendsIt was a pretty quiet summer in crypto markets, with low trade volumes and even lower volatility. Yet, there were plenty of big events that kept the industry chattering. This week, we present our top five trends of Q3.
Written by The Kaiko Research TeamFTX
02/10/2023 Data Debrief
Looking Back on FTX's ImpactBitcoin started Q4 on a positive note, hitting multi-month highs this morning after closing September in the green for the first time since 2016.
Written by The Kaiko Research TeamLiquidity
28/09/2023 Deep Dive
Q3 Token Liquidity RankingsWe’re back with another edition of Kaiko Research’s quarterly liquidity ranking, this time enhanced with more metrics and expanded to the top 40 tokens. As mentioned in previous rankings, it’s our contention that market capitalization is a flawed metric, and a ranking of liquidity is more representative of a token’s true value. Let’s see how the tokens fared this quarter before breaking down the components that went into the ranking.
Written by Riyad CareyEthereum
25/09/2023 Data Debrief
ETH, One Year Post-Merge.Bitcoin remained range-bound over the past week despite a hawkish Fed meeting that caused equity markets to shudder. Meanwhile, Mt Gox postponed its creditor repayment deadline, Balancer suffered yet another attack and Bybit announced it will suspend its UK services. This week we explore:
Written by The Kaiko Research TeamFTX
18/09/2023 Data Debrief
Will FTX Liquidations Trigger an Altcoin Crash?BTC made some early morning gains, crossing $27k for the first time since August 31. This capped a volatile week triggered by concerns around FTX’s altcoin liquidations. In other news, Deutsche Bank will offer crypto custody for institutional clients and the ECB hiked rates to an all-time high.This week we explore:
Written by The Kaiko Research TeamDEX
14/09/2023 Deep Dive
Beneath the Surface of Uniswap Pools: Just-in-Time Liquidity RevisitedThis week we take another look at just–in–time liquidity, a little-studied phenomenon that has generated $750bn in liquidity event volume on Uniswap V3 this year.
Written by Riyad CareyLiquidity
11/09/2023 Data Debrief
Liquidity Remains Flat Amid Low VolatilityIt was another low-volatility week for crypto markets, though plenty still happened. Visa expanded stablecoin settlement to Solana, the London Stock Exchange Group is exploring plans for a digital asset business, and three DeFi protocols were hit with CFTC enforcement actions.This week we explore:
Written by The Kaiko Research Team
