Kraken Daily Market Report for November 08 2020

Overview


  • Total spot trading volume relatively high for a Saturday at $492.1 million as Bitcoin prices continue to be volatile.
  • Total futures notional at 232.1 million, slightly above the weekly average of $213.1 million.
  • As with most weekends, the US dollar dominated fiat trading (55% compared to 44% for EUR).
  • Total retail volume at $1.24 million
  • The crypto that has increased the most in month-over-month trading volume has been Bitcoin Cash (+112% over USD and EUR).
  • Mainly negative returns in the crypto markets: Bitcoin -4.9%, Ethereum -4.5%, Link -3.5%. However, Yearn +21% and Synthetix +7.4 did well.

November 07, 2020 
 $492.1M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$14833. 
↓4.9% 
$249.7M
ETH 
$435.61 
↓4.5% 
$112.6M
LINK 
$11.769 
↓3.5% 
$41.5M
USDT 
$1.0011 
↓0.02% 
$32.6M
XRP 
$0.2492 
↓3.7% 
$9.58M
LTC 
$59.004 
↓7.0% 
$8.55M
USDC 
$0.9998 
↓0.03% 
$7.24M
BCH 
$253.76 
↓1.7% 
$7.13M
DOT 
$4.2365 
↓7.7% 
$7.09M
YFI 
$14343. 
↑21% 
$6.93M
ADA 
$0.1013 
↓7.2% 
$5.67M
XTZ 
$2.0198 
↓3.6% 
$5.35M
XMR 
$111.13 
↓7.0% 
$2.88M
DAI 
$1.0094 
↓0.07% 
$2.14M
ALGO 
$0.2582 
↓6.8% 
$1.84M
FIL 
$30.010 
↓5.5% 
$1.6M
SNX 
$3.8020 
↑7.4% 
$1.3M
CRV 
$0.4294 
↓1.7% 
$1.2M
OMG 
$3.0674 
↓7.9% 
$1.14M
XLM 
$0.0795 
↓5.2% 
$1.11M
EOS 
$2.4988 
↓1.5% 
$1.03M
DASH 
$66.640 
↓5.0% 
$981K
ZEC 
$57.434 
↓6.8% 
$961K
ATOM 
$4.6186 
↓5.5% 
$957K
UNI 
$2.4750 
↓3.9% 
$869K
COMP 
$92.354 
↓3.7% 
$762K
WAVES 
$3.4386 
↓3.6% 
$753K
KAVA 
$1.4536 
↓6.2% 
$750K
PAXG 
$1964.2 
↓0.01% 
$743K
QTUM 
$1.9461 
↓6.2% 
$644K
OXT 
$0.2149 
↓8.2% 
$590K
STORJ 
$0.3279 
↓11% 
$590K
TRX 
$0.0248 
↓5.0% 
$418K
BAT 
$0.1928 
↓5.9% 
$396K
MLN 
$20.740 
↓5.6% 
$361K
SC 
$0.0025 
↓2.3% 
$294K
ICX 
$0.3363 
↓6.8% 
$272K
GNO 
$56.405 
↓4.4% 
$271K
NANO 
$0.7345 
↓6.9% 
$261K
XDG 
$0.0026 
↓3.2% 
$223K
ETC 
$5.0917 
↓5.2% 
$184K
REP 
$13.860 
↓4.4% 
$180K
KNC 
$0.7797 
↓4.1% 
$161K
BAL 
$9.8849 
↓1.1% 
$159K
KSM 
$31.380 
↓4.9% 
$142K
LSK 
$1.0758 
↓5.9% 
$73.8K
REPV2 
$13.158 
↓3.6% 
$47.5K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (November 08 2020)



Figure 2: Mid-size trading assets: (measured in USD) (November 08 2020)



Figure 3: Smallest trading assets: (measured in USD) (November 08 2020)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (November 08 2020)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (November 08 2020)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (November 08 2020)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (November 08 2020)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.