Financial Innovation

Table 2 Frequencies of two-digit ending numbers of BTC/JPY

From: Intraday patterns of price clustering in Bitcoin

	Coincheck			BtcBox			bitFlyer
Rank	Last2	Frequency	Percent	Last2	Frequency	Percent	Last2	Frequency	Percent
	(1)	(2)	(3)	(1)	(2)	(3)	(1)	(2)	(3)
1	00	10,805,445	7.59	00	867,420	3.13	00	9,156,300	20.01
2	99	4,683,915	3.29	99	324,041	1.17	99	1,418,603	3.10
3	01	4,610,442	3.24	50	309,263	1.12	01	1,310,337	2.86
4	95	1,925,696	1.35	01	299,767	1.08	50	888,294	1.94
5	05	1,917,480	1.35	10	289,909	1.05	90	844,680	1.85
\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)	\(\cdots\)
96	73	1,080,751	0.76	47	264,560	0.95	73	253,369	0.55
97	72	1,080,038	0.76	74	264,367	0.95	64	252,182	0.55
98	63	1,075,818	0.76	13	264,282	0.95	36	251,759	0.55
99	37	1,070,714	0.75	76	264,026	0.95	37	251,082	0.55
100	67	1,068,406	0.75	64	262,655	0.95	46	250,803	0.55

This table reports the frequencies and proportions of the five most frequent and five least frequent two-digit ending numbers of each crypto exchange during each sample period. ’Last2’ indicates the two-digit ending numbers; ’Frequency’ denotes the count of a specific two-digit ending number observed in the sample; and ’Percent’ shows the proportion of a specific two-digit ending number in percentage

Back to article page