Multiple Exchanges of Cryptocurrencies
In this video, we explore the concept of market efficiency hypothesis in the context of cryptocurrency trading across multiple exchanges. Our study aims to determine whether there are any discrepancies in market efficiency levels between various exchanges and whether the prices of the same cryptocurrencies traded on different exchanges are temporally related to each other. To achieve this, we conducted ADF and KPSS tests, as well as the vector autoregression model of order p (VAR(p)) for a multivariate system.
Our findings indicate that while Bitcoin and Ethereum show efficiency in the weak form on the main platforms in each market alone, there is evidence of Granger causality between cryptocurrencies in all exchanges when estimating a VAR(p) between prices among exchanges. This suggests that the efficient market hypothesis is not adequate due to cross information.
Our study highlights the importance of assessing the cryptocurrency market in a multivariate way to promote a broader understanding of its inherent risks and favor its maturation process. It also emphasizes the need for regulation of exchanges in the digital asset market to prevent price manipulation on a single platform, which can impact others and generate various distortions.
By watching this video, you will gain a better understanding of market efficiency hypothesis in the cryptocurrency market and its practical and social implications. Stay tuned for more insightful videos on the latest developments in the world of cryptocurrencies.
#cryptocurrency, #blockchain, #bitcoin, #altcoins, #crypto, #decentralization, #fintech, #digitalassets, #investing, #hodl
-
12:27
GameLeap RAID Shadow Legends
13 hours ago7 RARE CHAMPIONS You MUST LEVEL (New) - Raid: Shadow Legends Tier List
51 -
22:16
MedigapSeminars
1 day agoWhat Does Medicare Cover?
271 -
1:45:22
Bright Insight
15 hours agoDisturbing Olympic Ceremony & Ancient Baalbek – Saturday Night LIVESTREAM
83K373 -
LIVE
Right Side Broadcasting Network
3 days agoLIVE REPLAY: President Trump and JD Vance Hold a Rally in St. Cloud, Minnesota - 7/27/24
5,904 watching -
33:12
Stephen Gardner
16 hours ago🔴BREAKING: Trump JUST SHOCKED the Nation with New Plan!
117K596 -
9:48:24
Bitcoin Magazine
4 days agoBitcoin 2024 Conference Nashville | General Day 2 (07/27)
520K493 -
4:02:49
Right Side Broadcasting Network
4 days agoLIVE REPLAY: President Trump Delivers Remarks at Bitcoin Conference in Nashville - 7/27/24
386K186 -
56:29
Man in America
1 day ago🔴 LIVE: Paris Olympics | The Gates of HELL Have Opened, Satan is No Longer Hiding
99.2K150 -
2:41:50
Jewels Jones Live ®
1 day agoCACKLIN' COUP-MALA HARRIS | A Political Rendezvous - Ep. 85
155K100 -
7:35
Misha Petrov
21 hours agoWOKE Paris Olympics Ceremony Mocks Christianity
172K493