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CoinMarketCap Unveils Further Changes To Ranking System
Summary: Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data.The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance. To ...
Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data.
The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance. To flag suspicious volumes reported by exchanges, CoinMarketCap introduced its new ‘Confidence’ metric on May 29. The factor uses a machine-learning algorithm to examine all data ingested by CMC “to determine if the volumes reported by exchanges are inflated, and to what extent.”
Tracy Chen
Tags: CoinMarketCap
Link: CoinMarketCap Unveils Further Changes To Ranking System [Copy]
