What’s CoinMarketCap?

CoinMarketCap (CMC) is a leading cryptocurrency data and analytics provider, which offers real-time market data, price tracking, charts, news, and analysis for thousands of cryptocurrencies. It was launched in 2013 by Brandon Chez, and has become one of the most popular and trusted sources for cryptocurrency market data.

The platform tracks and lists the market capitalization, price, volume, and other important metrics for over 11,000 cryptocurrencies, providing users with a comprehensive view of the digital asset ecosystem. CMC also allows users to access information on exchanges, wallets, and other key services in the cryptocurrency space.

In addition to its extensive data and analytics offerings, CoinMarketCap has expanded to offer a range of other products and services, including a portfolio tracker, price alerts, API services, and educational resources. The platform has also introduced several new features over the years, such as crypto price prediction tools, staking calculators, and a news aggregator.

CoinMarketCap’s popularity has made it a go-to resource for traders, investors, and other individuals interested in cryptocurrencies. It is also frequently cited by mainstream media outlets and has been used as a reference by lawmakers and regulators in several countries. The platform has continued to evolve and expand, and is now available in over 20 languages, making it accessible to users all over the world.

What’s CoinMarketCap Cryptocurrency Ranking Algorithm?

The exact details of the algorithm used to calculate the exchange rankings are not publicly disclosed, but CMC has provided some insights into how it works. The algorithm considers the trading pairs available on each exchange, as well as the number of transactions and the liquidity of each market. Other factors that may be taken into account include the number of active users, the security measures implemented by the exchange, and the user experience of the platform.

CoinMarketCap has been criticized in the past for some aspects of its exchange ranking algorithm, particularly in relation to the way it factors in trading volume. Critics have argued that some exchanges may manipulate their trading volumes in order to appear higher in the rankings, and that this could lead to inaccurate or misleading information being presented to users. In response, CoinMarketCap has made several changes to its algorithm over the years in an effort to address these concerns.