Kraken Daily Market Report for November 24 2020

Overview


  • Total spot trading volume at $1.37 billion, which is the largest value since we have been generating this report. Trading continues to be very high (weekly average of $728.9 million) as crypto prices dare to hit all-time highs.
  • Total futures notional at $546.6 million, over double the 30-day average of $275.2 million.
  • The heavy trading volume had over $400 million in Ripple trades. To put this into perspective, 2 weeks ago (11/10), only $6.8 million in Ripple was traded.
  • Large returns today from Stellar (+48%), Siacoin (+26%), and DASH (+21%).
  • Three new coins entered the exchange today: KEEP, tBTC, and Aragon, they posted negative returns, but look out for tomorrow.

November 24, 2020 
 $1366.6M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$19189. 
↑4.4% 
$480.9M
XRP 
$0.6955 
↑12% 
$400.6M
ETH 
$605.33 
↓0.7% 
$198.6M
USDT 
$1.0007 
↑0.0% 
$92.9M
XLM 
$0.1962 
↑48% 
$52.0M
ADA 
$0.1673 
↑7.7% 
$33.7M
LINK 
$15.667 
↑2.4% 
$30.8M
BCH 
$349.65 
↑7.9% 
$28.0M
LTC 
$89.344 
↑0.07% 
$25.7M
XMR 
$135.43 
↑4.0% 
$14.7M
DOT 
$5.7365 
↓3.1% 
$14.1M
XTZ 
$2.6734 
↑1.9% 
$13.6M
EOS 
$3.5963 
↑6.1% 
$12.7M
USDC 
$0.9997 
↑0.0% 
$9.4M
DASH 
$114.17 
↑21% 
$8.72M
TRX 
$0.0351 
↑11% 
$6.78M
ZEC 
$87.075 
↑9.3% 
$6.01M
YFI 
$24803. 
↓2.3% 
$5.96M
ALGO 
$0.3579 
↑6.4% 
$4.5M
WAVES 
$7.5572 
↓4.4% 
$4.08M
OMG 
$4.3591 
↑2.9% 
$3.82M
ATOM 
$5.9684 
↑2.6% 
$3.69M
BAT 
$0.2617 
↑2.6% 
$3.44M
OXT 
$0.3360 
↑8.4% 
$3.05M
FIL 
$29.770 
↑2.0% 
$2.3M
UNI 
$4.0644 
↓3.3% 
$2.04M
NANO 
$1.3818 
↑18% 
$1.75M
ETC 
$7.2799 
↑11% 
$1.72M
KSM 
$48.539 
↑19% 
$1.71M
SC 
$0.0038 
↑26% 
$1.62M
QTUM 
$3.0756 
↑10% 
$1.6M
XDG 
$0.0042 
↑14% 
$1.53M
DAI 
$1.0030 
↑0.03% 
$1.49M
CRV 
$0.6879 
↓7.3% 
$1.48M
COMP 
$127.93 
↑1.3% 
$1.36M
KAVA 
$1.9853 
↑1.2% 
$1.2M
MLN 
$32.365 
↑12% 
$1.2M
ICX 
$0.4675 
↑7.1% 
$1.01M
LSK 
$1.5323 
↑14% 
$875K
GNO 
$68.935 
↑8.4% 
$832K
KEEP 
$0.3696 
↓16% 
$755K
PAXG 
$1817.2 
↓1.8% 
$710K
STORJ 
$0.4006 
↑9.2% 
$679K
SNX 
$5.2365 
↓4.1% 
$674K
KNC 
$1.1302 
↑2.0% 
$644K
REP 
$17.902 
↑5.3% 
$579K
ANT 
$4.0535 
↓11% 
$291K
BAL 
$15.999 
↓7.3% 
$171K
REPV2 
$17.305 
↑10% 
$135K



#####################. 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 24 2020)



Figure 2: Mid-size trading assets: (measured in USD) (November 24 2020)



Figure 3: Smallest trading assets: (measured in USD) (November 24 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 24 2020)



.


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

Returns and Volume


Figure 5: Returns of the four highest volume pairs (November 24 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 24 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 24 2020)