ANALYZING THE PROFITABILITY AND EFFICIENCY OF CRYPTOCURRENCY EXCHANGES USING ACCOUNTING RATIOS AND BIG DATA
Keywords:
Cryptocurrency Exchanges, Profitability Analysis, Accounting Ratios, Big Data Analytics, Operational Efficiency, Financial Performance, Return on Assets, Trading Volume, Platform Metrics, Crypto Market AnalysisAbstract
This thesis explores the profitability and operational efficiency of cryptocurrency exchanges by combining traditional accounting ratio analysis with big data techniques. Through illustrative case comparisons and hypothetical scenarios, the study demonstrates how integrating financial and operational data can provide a comprehensive assessment of exchange performance. The findings offer valuable perspectives for investors, analysts, and regulators evaluating the sustainability and competitiveness of crypto trading platforms.
Downloads
References
Coinbase Global, Inc. (2023).Annual Report (Form 10-K).
U.S. Securities and Exchange Commission.
https://www.sec.gov/edgar/browse/?CIK=1679788
Houben, R., & Snyers, A. (2018).
Cryptocurrencies and Blockchain: Legal Context and Implications for Financial Crime, Money Laundering and Tax Evasion.
European Parliament, Policy Department for Economic, Scientific and Quality of Life Policies.
https://www.europarl.europa.eu/RegData/etudes/STUD/2018/619024/IPOL_STU(2018)619024_EN.pdf
Catalini, C., & Gans, J. S. (2016).
Some Simple Economics of the Blockchain.
MIT Sloan Research Paper No. 5191-16.
https://doi.org/10.2139/ssrn.2874598
Chen, Y., & Bellavitis, C. (2020).
Blockchain Disruption and Decentralized Finance: The Rise of Decentralized Business Models.
Journal of Business Venturing Insights, 13, e00151.
https://doi.org/10.1016/j.jbvi.2019.e00151
Binance Research. (2022).
Industry Insights: Exchange Performance and Profitability Metrics.
Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016).
Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction.
Princeton University Press.
Kou, G., Yang, P., Xiao, F., Chen, Y., & Alsaadi, F. E. (2021).
Evaluation of Cryptocurrency Investment Risk Using Machine Learning and Big Data Techniques.
Technological Forecasting and Social Change, 163, 120405.
https://doi.org/10.1016/j.techfore.2020.120405
Deloitte. (2021).
Crypto Exchanges and Platforms: Balancing Risk and Growth.
World Economic Forum. (2020).
The Future of Financial Infrastructure: An Ambitious Look at How Blockchain Can Reshape Financial Services.
https://www.weforum.org/reports
EY (Ernst & Young). (2022).
Global Cryptocurrency Tax and Accounting Guide.
https://www.ey.com/en_gl/tax/ey-global-crypto-guide