Cryptocurrency Trading: A Comprehensive Survey

TL;DR

This comprehensive survey reviews 146 research papers on cryptocurrency trading, covering platforms, strategies, risk management, and future opportunities, highlighting the evolving understanding of cryptocurrencies as financial assets.

Contribution

It systematically summarizes existing research on cryptocurrency trading, analyzing datasets, trends, and technologies, and identifies open challenges and future research directions.

Findings

Cryptocurrency trading research has grown significantly in recent years.

Various trading strategies and risk management techniques are explored.

Emerging opportunities and open challenges remain in cryptocurrency trading.

Abstract

In recent years, the tendency of the number of financial institutions including cryptocurrencies in their portfolios has accelerated. Cryptocurrencies are the first pure digital assets to be included by asset managers. Although they have some commonalities with more traditional assets, they have their own separate nature and their behaviour as an asset is still in the process of being understood. It is therefore important to summarise existing research papers and results on cryptocurrency trading, including available trading platforms, trading signals, trading strategy research and risk management. This paper provides a comprehensive survey of cryptocurrency trading research, by covering 146 research papers on various aspects of cryptocurrency trading (e.g., cryptocurrency trading systems, bubble and extreme conditions, prediction of volatility and return, crypto-assets portfolio construction and crypto-assets, technical trading and others). This paper also analyses datasets, research trends and distribution among research objects(contents/properties) and technologies, concluding with some promising opportunities that remain open in cryptocurrency trading.