Recent papers that have explored spot and futures markets for Bitcoin have concluded that price discovery takes place … either in the spot, or the futures market. Here, we consider the robustness of previous price discovery conclusions by … investigating causal relationships, cointegration and price discovery between spot and futures markets for Bitcoin, using …

in the returns to the BTC price in the first half of our sample, but this effect disappears post-2016. This date …

This paper identifies several stylised facts relating to the volatility and price discovery process from eight … price discovery sourced within the hacked currency relative to other cryptocurrencies. Finally, there are abnormal returns …

-frequency trade data are publicly available. We study the contributions of Bitcoin exchanges to price discovery. Our results show that …

decentralized payment system, equilibrium price, market microstructure, trading patterns and regulation of Bitcoin. In this context … microstructure, trading behavior, price patterns and portfolio analysis. It explores Bitcoin's market microstructure, liquidity …, derivative markets, price discovery and market efficiency. Studies have also focused on trading behavior, investors …

provide useful information for the price discovery of bitcoin. We rely on the information share methodology of Hasbrouck (1995 …) and Gonzalo and Granger (1995) and find that the spot price leads the futures price. We attribute this result to the …

. Prior research on which bitcoin markets lead in price discovery has produced mixed conclusions. This paper investigates how … the nuances of bitcoin spot and futures trade activity influence market price discovery results obtained using traditional … results show that CME bitcoin futures have consistently led price formation over the last two years …

imply that even small demand shocks cause large price changes and shed new light on the origins of bitcoin return …

We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe … price equilibrium in the longer-term.Results show that UK natural gas futures traded on the Intercontinental Exchange … display greater price discovery than physical trading at various hubs throughout Europe …

We undertake the first examination of price discovery within the European markets for coal, natural gas and crude oil … permanent contribution of securities to long-run price equilibrium is examined by calculating Hasbrouck’s (1995) information … shares. Brent crude oil futures display greater price discovery than a proxy for the physical Brent market, while there is …