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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-20873
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dc.contributor.authorZöbeli, Marco-
dc.contributor.authorKley, Christoph-
dc.contributor.authorStumpp, Bettina Eva-
dc.date.accessioned2020-11-19T14:52:56Z-
dc.date.available2020-11-19T14:52:56Z-
dc.date.issued2020-09-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/20873-
dc.description.abstractIn recent years, crypto currencies have gained in importance and, due to their popularity, many new crypto currencies have emerged. An essential function of every crypto currency is its ability to be exchanged for fiat currencies such as the US dollar. The quality of this exchange market crucially depends on the liquidity of the crypto currency markets. This study examines how the market liquidity of the most important crypto coins has developed against the US dollar, compared to each other and over time. The crypto currencies reviewed were Bitcoin, XRP (Ripple), Ether, Bitcoin Cash, and LiteCoin. Developments in the period December 2015 to August 2018 were analyzed based on data collected by CoinMarketCap, and the market liquidity of the crypto currencies was measured using common key indicators. In the period under review, the market liquidity of all crypto currencies was shown to have improved, which suggests that larger volumes can be traded without having a major impact on prices. The correlation of the returns between the individual currencies was found to increase. Finally, the examination of the volatility of the crypto currencies reviewed revealed that the volatility of crypto currencies in general is still very high compared to traditional asset classes such as equities, bonds or precious metals.de_CH
dc.format.extent39de_CH
dc.language.isoende_CH
dc.publisherZHAW Zürcher Hochschule für Angewandte Wissenschaftende_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectBitcoinde_CH
dc.subjectMarket liquidityde_CH
dc.subjectEtherde_CH
dc.subjectRipplede_CH
dc.subjectLiteCoinde_CH
dc.subjectCrypto currencyde_CH
dc.subjectCrypto coinde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleCrypto currencies : an analysis of market liquidityde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Wealth & Asset Management (IWA)de_CH
zhaw.publisher.placeWinterthurde_CH
dc.identifier.doi10.21256/zhaw-20873-
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
Appears in collections:Banking, Finance, Insurance

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Zöbeli, M., Kley, C., & Stumpp, B. E. (2020). Crypto currencies : an analysis of market liquidity. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-20873
Zöbeli, M., Kley, C. and Stumpp, B.E. (2020) Crypto currencies : an analysis of market liquidity. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-20873.
M. Zöbeli, C. Kley, and B. E. Stumpp, “Crypto currencies : an analysis of market liquidity,” ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Winterthur, Sep. 2020. doi: 10.21256/zhaw-20873.
ZÖBELI, Marco, Christoph KLEY und Bettina Eva STUMPP, 2020. Crypto currencies : an analysis of market liquidity. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Zöbeli, Marco, Christoph Kley, and Bettina Eva Stumpp. 2020. “Crypto Currencies : An Analysis of Market Liquidity.” Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-20873.
Zöbeli, Marco, et al. Crypto Currencies : An Analysis of Market Liquidity. ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Sept. 2020, https://doi.org/10.21256/zhaw-20873.


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