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CoinDesk Monthly Review, January 2020

Cover slide of CoinDesk Research's quarterly review for January 2020; we look at metrics measuring bitcoin adoption, exchange tokens, SEC enforcement actions and top-performing crypto assets of January 2020.
Cover slide of CoinDesk Research's quarterly review for January 2020; we look at metrics measuring bitcoin adoption, exchange tokens, SEC enforcement actions and top-performing crypto assets of January 2020.

In our Quarterly Review at the end of 2019, we looked for metrics that signal two things: institutional participation in crypto assets and adoption of fundamental user narratives. January 2020 saw some metrics that are positive for both. The market for regulated bitcoin derivatives expanded rapidly; the case for bitcoin as “digital gold” got a brief boost from events in Iran. Crypto assets continue to offer global access to speculative instruments. However, so-called "exchange tokens" have failed to capture that narrative. Finally, one month in, the SEC is on pace for a banner year in enforcement. Download the full report here and sign up for our weekly newsletter, Institutional Crypto.

Galen Moore

Galen Moore is the content lead at Axelar, which is building interoperable Web3 infrastructure. He previously served as director of professional content at CoinDesk. In 2017, Galen started Token Report, a cryptocurrency investor newsletter and data service, covering the ICO market. Token Report was acquired in 2018. Prior to that, he was editor in chief at AmericanInno, a subsidiary of American City Business Journals. He has a masters in business studies from Northeastern University and a bachelors in English from Boston University.

Galen Moore