Difference between revisions of "CoinMarketCap"

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CoinMarketCap is a [[cryptocurrency]] industry utility that reports recent traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. For each currency it reports the total value of the outstanding currency (the "market capitalization"),  its total trading volume and its rank by trading volume over the past month and the past 24 hours.<ref>{{cite web|url=https://coinmarketcap.com/|name=Home Page|org=CoinMarketCap|date=June 6, 2018}}</ref>
 
CoinMarketCap is a [[cryptocurrency]] industry utility that reports recent traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. For each currency it reports the total value of the outstanding currency (the "market capitalization"),  its total trading volume and its rank by trading volume over the past month and the past 24 hours.<ref>{{cite web|url=https://coinmarketcap.com/|name=Home Page|org=CoinMarketCap|date=June 6, 2018}}</ref>
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The integrity of CoinMarketCap's data reporting was excoriated in a widely publicized March 19, 2019, presentation to the [[U.S. Securities and Exchange Commission]] by [[Bitwise]], an asset management firm with a pending application to the SEC for a [[bitcoin]] [[ETF]]. Bitwise alleged that only ten exchanges of the hundreds currently reported by CoinMarketCap provided credible data for [[bitcoin]].<ref>{{cite web|url=https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf|name=Bitwise Asset Management Presentation to the U.S. Securities and Exchange Commission|org=Bitwise|date=May 1, 2019}}</ref>
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On May 1, 2019, CoinMarketCap announced the formation of the Data Accountability & Transparency Alliance (DATA), uniting leading exchanges to enhance data reporting. To participate in DATA exchanges must provide live trading and orderbook data to CoinMarketCap. [[Binance]], [[Bittrex]], [[OKEx]] and [[Bitfinex]] are among the twelve inaugural members. CoinMarketCap also announced that it was launching its own block explorers for bitcoin and [[Ethereum]].<ref>{{cite web|url=https://cryptobriefing.com/coinmarketcap-launches-data-alliance/|name=CoinMarketCap Launches New Body To Promote Transparency|org=Crypto Briefing|date=May 1, 2019}}</ref>
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== References ==
 
== References ==

Revision as of 09:50, 1 May 2019

CoinMarketCap
Coinmarketcap logo.png
Founded 2013
Products Data aggregator ad distributor
Twitter @https://twitter.com/CoinMarketCap
LinkedIn Profile
Facebook https://www.facebook.com/CoinMarketCap
Website https://coinmarketcap.com/
Blog https://medium.com/@CoinMarketCap

CoinMarketCap is a cryptocurrency industry utility that reports recent traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. For each currency it reports the total value of the outstanding currency (the "market capitalization"), its total trading volume and its rank by trading volume over the past month and the past 24 hours.[1]

The integrity of CoinMarketCap's data reporting was excoriated in a widely publicized March 19, 2019, presentation to the U.S. Securities and Exchange Commission by Bitwise, an asset management firm with a pending application to the SEC for a bitcoin ETF. Bitwise alleged that only ten exchanges of the hundreds currently reported by CoinMarketCap provided credible data for bitcoin.[2]

On May 1, 2019, CoinMarketCap announced the formation of the Data Accountability & Transparency Alliance (DATA), uniting leading exchanges to enhance data reporting. To participate in DATA exchanges must provide live trading and orderbook data to CoinMarketCap. Binance, Bittrex, OKEx and Bitfinex are among the twelve inaugural members. CoinMarketCap also announced that it was launching its own block explorers for bitcoin and Ethereum.[3]


References