Towards a taxonomy for crypto assets

AbstractWe explore the taxonomy of cryptocurrencies and integrate our analysis with traditional ways of understanding financial assets. We thus classify cryptocurrencies using the time series and distributional properties of returns. Cryptocurrencies appear inherently speculative in nature. The resu...

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Main Authors: John Fry, Olamide Ibiloye
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Economics & Finance
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2023.2207266
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author John Fry
Olamide Ibiloye
author_facet John Fry
Olamide Ibiloye
author_sort John Fry
collection DOAJ
description AbstractWe explore the taxonomy of cryptocurrencies and integrate our analysis with traditional ways of understanding financial assets. We thus classify cryptocurrencies using the time series and distributional properties of returns. Cryptocurrencies appear inherently speculative in nature. The result is even more clear cut when time series measures of distance are used. Results tally with wider concerns raised regarding excessive volatility of stablecoins.
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spelling doaj.art-3bc726b4a4634156b4d71fa11d21de1a2023-10-17T10:51:07ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-12-0111110.1080/23322039.2023.2207266Towards a taxonomy for crypto assetsJohn Fry0Olamide Ibiloye1Centre for Mathematical Sciences, School of Natural Sciences, University of Hull, Hull, UKCentre of Excellence for Data Science Artificial Intelligence and Modelling, University of Hull, Hull, UKAbstractWe explore the taxonomy of cryptocurrencies and integrate our analysis with traditional ways of understanding financial assets. We thus classify cryptocurrencies using the time series and distributional properties of returns. Cryptocurrencies appear inherently speculative in nature. The result is even more clear cut when time series measures of distance are used. Results tally with wider concerns raised regarding excessive volatility of stablecoins.https://www.tandfonline.com/doi/10.1080/23322039.2023.2207266Bitcoincryptocurrencyfin techprobability distributionstatisticstime series
spellingShingle John Fry
Olamide Ibiloye
Towards a taxonomy for crypto assets
Cogent Economics & Finance
Bitcoin
cryptocurrency
fin tech
probability distribution
statistics
time series
title Towards a taxonomy for crypto assets
title_full Towards a taxonomy for crypto assets
title_fullStr Towards a taxonomy for crypto assets
title_full_unstemmed Towards a taxonomy for crypto assets
title_short Towards a taxonomy for crypto assets
title_sort towards a taxonomy for crypto assets
topic Bitcoin
cryptocurrency
fin tech
probability distribution
statistics
time series
url https://www.tandfonline.com/doi/10.1080/23322039.2023.2207266
work_keys_str_mv AT johnfry towardsataxonomyforcryptoassets
AT olamideibiloye towardsataxonomyforcryptoassets