0.01

Larry Cermak
@lawmaster

1/ Have you ever wondered what's the price effect of new tokens getting listed on Binance? There is a reason why it's the most sough out exchange. In today's deep dive, @Dogetoshi looks at the data. theblockcrypto.com/2018/10/18/mea…

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2/ Prior to the announcement that Binance will donate all listing fees to charity, the company has been opaque on its listing fees. There have been multiple reports that Binance listing fees get as high as $2.6M.

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3/ Binance lists 165 tokens. We took 123 and measured the effect of Binance Bump. We measured:

1) Returns from pre-announcement “closing” price to price highs
2) 24-hour returns
3) 7-day returns and
4) 30-day returns

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4/ From the closing price a day prior to a listing announcement to the highest price on the day of a listing announcement, tokens receive on average a 51% return for a Binance listing (median of 29%).

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5/ if you invested a dollar in an asset at its closing price prior to a Binance announcement and sold the asset at its highest price after the announcement you would have an average return of $1.51 and a median return of $1.29.

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6/
24-hour return - 27% average, 12% median
7-day return - 2% average, -11% median
30-day return - 37% average, -15% median

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7/ So what’s the effect of Binance delisting the assets? We found that out too! We found that delisted assets gave an average return of -22.8% and a median return of -11.77%.

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8/ While a Binance listing appears to impact an asset positively, the impact is short-lived. However, within a week, the effects of the Binance Bump begin to wither. While assets do benefit from increased liquidity, the Binance Bump appears to be less impactful long term.

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9/ Full data sheet can be found here: docs.google.com/spreadsheets/u…

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