CoinMarketCap Removes Volume Requirement for Cryptocurrency Exchanges

Crypto News | Latest News

CoinMarketCap, the cryptocurrency data aggregation site, recently removed their volume requirements for crypto exchange listings on their platform, citing data transparency and clarity concerns.

The giant cryptocurrency portal made the announcement on their blog post today, which responded to criticism that cryptocurrency exchanges have been gaming their statistical algorithms in order to get listed more easily and rank higher. This leads to more visibility and prestige among newer exchanges.

Many users have long complained that newer cryptocurrency exchanges inflate their volumes by utilizing a low fee model. This encourages traders to increase activity by using bots or taking advantage of the low cost per trade fees.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

Some exchanges have been accused of more questionable methods of increasing their volume through “exchange operated market-making services” or other unscrupulous methods known as washed trading.

Another recent volume enhancing scheme is known as “transaction mining”. This crypto exchange model charges the user a transaction fee, however indirectly refunds them by issuing their own tokens. This method has become popular among many trading platforms that now rank towards the top of the CoinMarketCap daily volume charts.

CMC stated that rather than censoring these exchanges, they will attempt to over provide more data and tools to analyze these conditions so that individuals have the ability to reach an informed decision on their own.

These newer tools include the ability to view an exchanges volume over a longer period of time other than the typical 24 hour rankings that are currently available. Users can also utilize filtering tools that help them distinguish between exchanges that operate on different fee models.

A rep from CoinMarketCap states…

“Our philosophy is to provide users with as much information as possible so that they can form their own interpretations and conclusions. This is an extremely demanding problem that requires all our users in the crypto community to resolve”.

Leave a Comment

Latest Crypto News

Marc Faber Buys Bitcoin for the First Time

Thailand based Swiss Investor, Marc Faber bought his first Bitcoin after admitting that he was very wrong about cryptocurrencies and blockchain technology. His premier interest of investment is emerging and frontier markets. One of the

Sponsored: The Aerum ecosystem, a market-oriented hub

                  The Aerum ecosystem offers a decentralized hub The Aerum ecosystem is presented to the crypto sector with a platform for the disruption of the sector. In itself, it resembles the increasingly common Hubs. A

Thai Approves its First ICO Portal

Late last year, Rapee Sucharitakul, secretary general of Thailand’s Securities and Exchange Commission revealed in a statement to local press that plans were underway to launch one ICO portal by the end of November and

SEC Declares Ethereum Not a Security

The news that the US SEC deemed Ethereum not a security is not surprising at all. Some may ask why this is so despite the fact that Ethereum is the best performing cryptocurrency with a

Crypto Updates

Fidelity Digital Launches Digital Assets Trading Fidelity Investments has been making plans to roll out a crypto asset platform to include trading for the top cryptocurrencies. In October, the company had said that it would

JP Morgan Issues Own Stable Coin – Review

Three weeks ago on Valentine’s Day, JP Morgan Chase launched their very own crypto coin, ‘JPM Coin’ the first of its kind to be backed by a major US bank. The banking giant has an

#Delete Coinbase Campaign

Coinbase, one of the largest crypto firms, has been under attack since they announced their acquisition of blockchain platform Neutrino on February 19th 2019. The protest from angry Coinbase subscribers comes up because of Neutrino’s

Sponsored: The DRIFE Platform Aims to Disrupt the Transport Sector

DRIFE, a solution to centralized ride-hailing Drife.one introduces the DRIFE platform, a decentralized transport ecosystem powered by the blockchain. DRIFE’s objective is to disrupt the existing ride-hailing business model and eliminate the corporate intermediaries involved

Coinbase CTO: Crypto is Entering the Tech Mainstream

Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square

Using Crypto to Take out a Real Mortgage on Virtual Land

Using Crypto to Take out a Real Mortgage on Virtual Land

It’s not Thursday, but this story sure feels like a throwback to headlines from last year’s cryptocurrency mania: crypto enthusiasts have begun using their tokens to take out real mortgages on virtual land. Decentraland &

Bitcoin Futures Volatility Hit Record Low in October

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt,

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$4,031.33
-0.11%
2
Ethereum
Ethereum
$139.63
-0.69%
3
XRP
XRP
$0.3148
-1.02%
6
Bitcoin Cash
Bitcoin Cash
$161.00
2.12%
4
Litecoin
Litecoin
$60.358
-1.88%
11
Cardano
Cardano
$0.050421
0.05%
7
Stellar
Stellar
$0.1172
7.27%
17
NEO
NEO
$9.236
-0.87%
5
EOS
EOS
$3.748
-1.09%
14
IOTA
IOTA
$0.2956
-1.34%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK