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COINMARKETCAP MAKES CHANGES ON IT’S EXCHANGE LISTING A...
Altcoin News

COINMARKETCAP MAKES CHANGES ON IT’S EXCHANGE LISTING AS MANY, NOW TAKES ADVANTAGE OF THAT, TO MANIPULATE THE TRADE VOLUME DATA

The number one site for price tracking and exchange ranking has taken a step towards battling crypto projects that are fond of presenting biased trade volume data for them to be listed on the CMC platform.

On the 16th of July, the site completely removed the minimum volume requirements that was used to weigh projects that should or should not be listed on the site. This step was taken so as to reduce the number of exchanges listed on the website.

According to CMC, the step would not be rushed into, rather, it would be carried out on gradual process, so as to prove the integrity of trade volume figures on exchanges. The site however, promises to be transparent while compiling the volume data presented by the various exchanges. They also accepted that there may be some inaccuracy while making this compilation.

One of the site’s official also talked about the extremely low fee models that attracts investors, noting that it may not be so in the nearby future as these privileges will only be available for a particular account type, that is to say, each account type will be ranked from grade to grade and that would determine how low your fee for each transaction would be.

The website or organization is just 5 years old and this recent rebranding that is in progress is for the benefit of all. However, the site has seen an unusual growth within this short period of time it has existed, as it is now reporting over 60 million unique visits this year, through may.

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