CoinMarketCap has recently announced the launch of its new metric to compare exchanges and token pairs based on liquidity.
Also, it offers investors information on trading volumes, prices, and market caps. It is a crypto market tracking and analysis website. The company provides data on up to 2000 digital currencies. However, the new metric system will reportedly integrate data from 3000 crypto assets. The announcement comes from The Capital, CoinMarketCap’s inaugural conference in Singapore on November 12, 2019. CoinMarketCap, with this project, plans to provide crypto investors with data on liquidity.
The company plans to base the new liquidity metric on adaptive data. CoinMarketCap’s chief strategy officer, Carylyne Chan, has explained that their latest project aims to make the metric safer and harder to manipulate. This is a new way of escaping dependence on volume reports, which is often a subject of a different kind of scam trading. Also, Carylyne Chan highlighted the fact that the company plans to encourage the provision of liquidity, instead of the inflation of volumes as the amount has lost its value as a metric. CoinMarketCap has enormous plans for its new project. However, the exact details are unknown.
In August 2019, the CoinMarketCap announced that on November 12, it would launch a new liquidity metric.
However, in July, CoinMarketCap, in partnership with Crypto Briefing, has launched its new institutional analysis product Simetri. Besides, the program is designed to ensure order book transparency and provide in-depth fundamental insight into the crypto market.
Moreover, CoinMarketCap has pressed many of its partner crypto exchanges to disclose correct and accurate data. All for the sake of improving the transparency of digital information available on the platform.
Cryptocurrencies have evolved beyond Bitcoin, giving rise to a new wave of digital assets known as altcoins. These alternative coins…
Key Points Sweden's economy contracted by 0.1% in Q1 2024, defying the expected 0.2% growth. March saw a 0.4% drop…
Key Points Bitcoin recently reported at $62,528, with a historical peak near $73,000. Estimates range from $70,000 by March to…
Key Points: S&P 500 achieved its best weekly performance since November, rising 2.7% and reversing previous downturns. 80% of S&P…
Key Points EUR/USD is trading at 1.0710, boosted by a dip in the US Dollar Index below 106.00. Fed is…
Key Points Oil prices declined as Brent crude and WTI futures fell, erasing gains from the previous Friday. Israel-Hamas talks…
This website uses cookies.