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New Metrics Keep Binance On Top; CZ says ‘We Were Wrongly Ranked on CMC for a Long Ti

SourceBlog
#1
Last month, CoinMarketCap released a new basis to rank the crypto exchanges, which was Web Traffic Factor. As per this, its owner Binance acquired the top spot with a 1000 score.

Last week, the crypto data site made some changes and now the ranking is based on a combination of reported trading volume, liquidity, and Web Traffic Factor.
Each market pair is then scored by Confidence indicator reflecting CMC’s confidence in the accuracy of the reported volume by an exchange. Carylyne Chan, interim CEO at CMC said,

“I BELIEVE THIS NEW RANKING OF EXCHANGES WILL PROVIDE OUR USERS WITH AN ACCURATE REFLECTION OF THE TRADING VENUES, AS THEY ARE SCORED ON A TRIAGE OF FACTORS THAT PROVIDE A COMPLETE PICTURE.”

@TradeCryptoNow
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