Ciaian, Pavel; Kancs, D'Artis; Rajcaniova, Miroslava - In: Economics : the open-access, open-assessment journal 20 (2026) 1, pp. 1-23
Around three-quarters of Bitcoin transactions occur off-chain. While most empirical studies focus exclusively on on-chain transactions, only few papers analyse off-chain transactions. The empirical evidence of Bitcoin market considering both types of trading strategies remains limited. This...