The anatomy of a fee change—evidence from cryptocurrency markets

A Brauneis, R Mestel, R Riordan, E Theissen - Journal of Empirical Finance, 2022 - Elsevier
We analyze the impact on liquidity and trading activity of the introduction of maker fees (and
simultaneous reduction of taker fees) on a leading cryptocurrency trading platform …

[HTML][HTML] Dark web traffic, privacy coins, and cryptocurrency trading activity

S Scharnowski - Finance Research Letters, 2024 - Elsevier
Cryptocurrencies, especially privacy coins, conceal the flow of money. Similarly, the dark
web obscures the flow of internet traffic, increasing anonymity. In this paper, I provide …

Athena: Smart order routing on centralized crypto exchanges using a unified order book

R Henker, D Atzberger, JO Vollmer… - … Journal of Network …, 2024 - Wiley Online Library
Most cryptocurrency spot trading occurs on centralized crypto exchanges, where offers for
buying and selling are organized via an order book. In liquid markets, the price achieved for …

[HTML][HTML] Intraday herding and attention around the clock

S Scharnowski, Y Shi - Journal of Behavioral and Experimental Finance, 2024 - Elsevier
This paper analyzes the relationship between investor herding and attention in the
decentralized cryptocurrency market with its continuous, around the clock trading and large …