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Reports.
Our Quarterly Market Report and Weekly Chartbook provide expert data-driven charts and commentary on the most significant market trends.
Partner Report
18/12/2025
The State of Liquidity on Korean Crypto MarketsDownloadKorea is among the most influential crypto markets, and we focus on analyzing how to measure and understand its liquidity. This report analyzes the key signals that allow for accurate reading of crypto liquidity across Korean exchanges.
Partner Report
18/12/2025
Liquidity Flywheel Drives Binance to 300 Million UsersDownloadBinance reached 300 million registered users in December 2025, eight years after launching. The exchange built liquidity conditions that separated it from competitors, not through guaranteed dominance, but through execution reliability, infrastructure investment, and design choices that compounded across that period. It now processes over $20 billion in daily spot volume across 1,630 trading pairs, maintaining depth that supports both retail and institutional execution with minimal slippage.
Premium Report
16/04/2025
Is South Korea’s Crypto Market Ready for an Institutional Shift?DownloadSouth Korea remains a major crypto trading hub, with a predominantly retail-driven market concentrated on local exchanges. This report examines key trends and the market’s potential evolution toward institutional participation.
Premium Report
09/04/2025
Quarterly Report: Q1 2025DownloadThe last few months have been a reality check for markets as trade policy roils global markets. Bitcoin fell back below $80k during the quarter, with volatility back on the menu as the second Trump admin heads straight for a trade war with nearly every one of its major trade partners.
Partner Report
31/03/2025
Are Altcoins Poised For a Widespread Rally?DownloadThe past two years have challenged the traditional altseason playbook. Liquidity is increasingly concentrated in Bitcoin and a select few altcoins, regulations are evolving, and Bitcoin’s growing adoption as a treasury asset further complicates the landscape. Looking ahead, altseasons may become a thing of the past, necessitating a more nuanced categorization beyond just ‘altcoins,’ as correlations in returns, growth factors, and liquidity among crypto assets are diverging significantly over time.
Index in Focus
23/01/2025
Bitcoin's path to sustainabilityDownloadBitcoin’s environmental impact has long been used as a stick with which to beat the industry, our Bitcoin Carbon Index combats that by investing in Carbon Credit futures.
Quarterly Market Report
06/01/2025
Quarterly Report: Q4 2024DownloadThe final quarter of 2024 brought significant changes to the cryptocurrency market. In October, the U.S. SEC sued crypto market maker Cumberland DRIW, while Kraken launched its Layer 2 Ink on Optimism’s Superchain. November saw Bitcoin hit a new all-time high and Gary Gensler announce his resignation. December highlights included Bitcoin surpassing $100K, Coincheck going public, and the SEC approving the first spot BTC-ETH combo ETFs. Despite volatility, institutional interest in Bitcoin remained strong, with increased corporate holdings and the launch of spot Bitcoin ETF options.
Partner Report
12/12/2024
The State of the European Crypto MarketDownload2024 marked a transformative year for the European cryptocurrency market with euro-denominated trade volumes surging to a multi-year high in November. Exchanges catering to the region capitalized on this growth, listing a record number of Euro-denominated trading pairs to meet growing demand.