Published on July 20th, 2018 | by bitcoin0
CoinMarketCap Rehauls Trade Postings in Reaction to Discussions Over Skewed Volumes
Crypto price tracker and exchange rankings site CoinMarketCap.com (CMC) is making major changes to its exchange listings method in light of concerns over skewed trade volume data, according to an official announcement July 19.
According to CMC, this represents the first measure among others that will be phased in to address widespread concerns about the integrity of trade volume figures on exchanges.
These include a new “transaction fee mining” model, recently adopted by some exchanges, that reimburses transaction fees in the form of native exchange tokens.
The site will soon introduce new metrics, such as 7-day and 30-day listings, to allow for better evaluation of volume consistency.
The recently rebranded five-year old CMC has seen stratospheric growth, reporting over 60 million unique visits this year through May.