When it comes to factor trading, one of the biggest brand names is WorldQuant, a hedge fund joined by young, talented quant analysts around the world. In our new researches, we would like to learn from those giants in the traditional financial world and see whether we can find useful signals for crypto market. The group has famously published a paper call “101 Factors”, in which they have described 101 factors that they used to find effective in the financial markets. Of course, we cannot directly copy the factors and expect them to work equally well in the crypto market. However, we can leverage our machine learning technology and back-testing tools to search for factors that might be effective in crypto market. This thinking is now driving a lot of our daily research work in creating more advanced factor papers. Those papers are expected to meet the community in CoinDr beta version.
As BANCA has mentioned before, we are based in China. While we continue to develop new researches for CoinDr beta version, some tough changes in China’s crypto regulation have made it much harder for us to advance the project that we have started four years ago.
On September 24th, People’s Bank of China (China’s central bank) together with 9 other government departments has announced that all virtual currency-related business activities are illegal financial activities. This new regulation followed earlier ban on bitcoin mining and posed serious threat to all crypto businesses. After the announcement, we have already seen many businesses closing their China operations. This include Huobi, Binance, Poloneix, Kucoin and many others.
- More research and development relating to CoinDr beta version are being carried out.
- Bug-fixing of existing products and maintenance of database continue.
The BANCA platform serves the global cryptocurrency community. BANCA’s dynamic eco-chain uses AI and expert system that includes automatic management. The BANCA platform analyzes Big Data and delivers precise services tailored to the specific needs of our individual users.