Carylyne Chan, who will replace Brandon Chez as the interim CEO of CoinMarketCap, addresses the “most immediate” concerns of independence to the community, “CoinMarketCap will continue to be run independently, as an independent entity, from Binance.
#LIVE COIN WATCH ANDROID#
CoinMarketCap also provides both iOS and Android mobile apps to assist users to look at crypto markets on the go.Įarlier this month, CoinMarketCap was acquired by leading crypto exchange Binance for an undisclosed fee, though it was previously reported to be a whopping $400 million. Apart from crypto statistics, CoinMarketCap is building a more comprehensive ecosystem such as cryptocurrency job board, and CoinMarketCap interest, a platform to compare borrowing and lending products in DeFi. CoinMarketCap also offers other crypto ranking metrics such as perpetual swaps markets in derivatives, liquidity and trading volume of crypto exchanges, daily tracking on market capitalization, and trading volume of the entire cryptocurrency market. Market Capitalization= Price X Circulating supply. It ranks the top 100 cryptocurrencies based on total market capitalization, which is calculated after multiplying the price by circulating supply, i.e.
This crypto data site is headquartered in the United States since May 2013 and it was developed by Brandon Chez.ĬoinMarketCap currently houses 5,392 cryptocurrencies with more than 21,000 market trades. Who is the biggest threat of CoinMarketCap?ĬoinMarketCap is the leading crypto data provider. However, its dominance came into question following the emergence of crypto data sites such as CoinGecko, WorldCoinIndex and LiveCoinWatch. Since its inception in 2013, CoinMarketCap has been widely regarded as the leading provider in cryptocurrency pricing and trading data. The crypto market has proven to be a force to reckon with since Bitcoin, the leading cryptocurrency, was launched in 2009. As a result, crypto data sites emerged and gained popularity with their ability to assist people in tracking cryptocurrencies prices and trading data in real-time.
The ability to process data into insights is essential for cryptocurrency traders to make informed decisions. Information is power as it comes in handy in decision-making.
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