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Asset Market Equilibria in Cryptocurrency Markets: Evidence from a Study of Privacy and Non-Privacy Coins
2021
Journal of international financial markets, institutions, and money
This paper explores whether asset market equilibria in cryptocurrency markets do exist. In doing so, it distinguishes between privacy and non-privacy coins. Most recently, privacy coins have attracted increasing attention in the public debate as non-privacy cryptocurrencies, such as Bitcoin, do not satisfy some users' demands for anonymity. Analyzing ten cryptocurrencies with the highest market capitalization in each submarket in the 2016-2018 periods, we find that privacy coins exhibit a
doi:10.1016/j.intfin.2021.101402
fatcat:g2e5gtge6zcv5mmwzl7tjfzila