Brandvold, Morten; Molnár, Peter; Vagstad, Kristian; … - In: Journal of International Financial Markets, … 36 (2015) C, pp. 18-35
Bitcoin is an open source peer-to-peer electronic money and payment system. It is traded at several exchanges and high-frequency trade data are publicly available. We study the contributions of Bitcoin exchanges to price discovery. Our results show that Mt.Gox and BTC-e are the market leaders...