there was a lot of reason why CMC has been putting binance back into the top 1 exchange site again especially when it based on the traffic rank and daily trade volume.
I believe that Binance will come up with other things to make them (Binance) look even better in the light. They will become the new Facebook if the crypto community is not careful. 
Topic: CoinMarketCap Changes - Broken the Trust of the Crypto Community? (Read 1009 times)
July 02, 2020, 12:02:55 PM
Is this about binance making themselves the number 1 top exchange on coinmarketcap? If yes well other ranking websites have binance as the first too, check out coingecko for answers
This is the reason I don't use CMC ever again, in stead I like to support smaller platforms like CoinGecko or WorldCoinIndex
July 02, 2020, 11:20:06 AM
Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Great articles, that Binance and CoinMarketCap are trying to sweep under the rug. This is why we need decentralised exchanges to evolve to stop this nonsense. Also signed up to the platform and started earning BAT and DAI defo recommend it.
Anyone can sign up through the links on the quoted text.
June 17, 2020, 05:36:29 AM
Binance is a top exchange and most traders perfect choice but don't think that binance can punish other exchanges because they now acquire coinmarketcap, once binance start giving bad service to customer another exchange will take over, crypto power is from the people, once people turn their back that's the end
June 17, 2020, 05:32:33 AM
In this case I don't totally agree with you. Before this act took place, if I remember vividly only crap exchanges such as P2PB2B were on top and everyone within the crypto space knows that P2PB2B and its like shouldn't occupy such position, even on coingecko P2PB2B wasn't occupying such position thus showing that something is wrong. With the coming of Binance on board solved this error and I do not see it as punishment but correction of of an error; Binance is the best exchange which everyone knows so that top positions is meant for it and its likes.
June 16, 2020, 10:59:10 AM
We are witnessing how things can turned if only few will hold the influenced inside this industry, hopefully newcomers will do their homework.
Only a bunch of new user will do it, I guess. It depends on what they are here for. Are they here for the technic or for the money? But that goes for newcomers as well as old hands. 
June 16, 2020, 10:19:11 AM
Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
I Believe that CoinMarketCapitalization company are now Owned by Binance?so maybe there is a bright future ahead in this once the most popular and trusted Price checker .
Not before the issues comes out on them,regarding some price manipulation and volume faking.
June 16, 2020, 10:00:23 AM
It shows more and more that Binance is the new Facebook. What cannot be destroyed is bought up. Even CZ said something similar.
With regard to CMC, it was clear that Binance would always be #1 there from now on.
With regard to CMC, it was clear that Binance would always be #1 there from now on.
They own the business so what do we expect. From how they plan acquiring this site they make sure that it will become beneficial for the success of their exchange.
But this is unfortunately how the future will look like, that there will be only a few with a lot of power.
New users who are just now entering the crypto market will not care.
New users who are just now entering the crypto market will not care.
We are witnessing how things can turned if only few will hold the influenced inside this industry, hopefully newcomers will do their homework.
June 16, 2020, 09:40:09 AM
It shows more and more that Binance is the new Facebook. What cannot be destroyed is bought up. Even CZ said something similar.
With regard to CMC, it was clear that Binance would always be #1 there from now on.
But this is unfortunately how the future will look like, that there will be only a few with a lot of power.
New users who are just now entering the crypto market will not care.
With regard to CMC, it was clear that Binance would always be #1 there from now on.
But this is unfortunately how the future will look like, that there will be only a few with a lot of power.
New users who are just now entering the crypto market will not care.
June 16, 2020, 07:46:26 AM
After ownership changed to Binance lately, coinmarketcap.com now has a chat place for us. You can see it on the right side of the Search box, "Introducing chat - a new way to engage with crypto community. Try it now!". Nevertheless, people have to create accounts, log in to join conversations at https://coinmarketcap.com/chat/
Source: https://coinmarketcap.com/
Source: https://coinmarketcap.com/
I saw that, but didn't try it, maybe I will not try it at all! I don't see any purpose of that chat. Coinmarket cap was and is just a site where you can check some basic info, and there are other similar sites with the same purpose. I don't understand how can they broke the trust when I didn't trust them in first place, gather some info, some movements, but for more concrete info I don't relay on them, no one should.
Who knows what binance plan to do with this site, but I will continue to use it in the same way until not, just for fast checking and nothing more.
June 16, 2020, 07:39:16 AM
After ownership changed to Binance lately, coinmarketcap.com now has a chat place for us. You can see it on the right side of the Search box, "Introducing chat - a new way to engage with crypto community. Try it now!". Nevertheless, people have to create accounts, log in to join conversations at https://coinmarketcap.com/chat/
Source: https://coinmarketcap.com/
Source: https://coinmarketcap.com/
June 16, 2020, 06:27:10 AM
I accept the fact that binance turn the 1st on coinmarketcap, to me this is the best crypto exchange in crypto space, they deserve that position, it's hardworking and now exchanges ranking have changed, Liquidity is been used for rating instead of volume
June 16, 2020, 05:38:57 AM
I can't see Binance using CMC for it's personal agendas. When they do that their reputation will be affected. But of course, Binance will be a bit bias and maybe not giving the other alts to grow in the market.
June 10, 2020, 09:03:08 AM
Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Coinmarketcap is more trusted position now after the purchase of it although Binance is the top exchange in the new ranking system. Binance is the top exchange, there is no disagree with it by many factors. Trading volume here is more than other exchanges. Receiving web traffic %, number of markets, average liquidity is more than other exchanges.
I think there is no doubt that Binance is a great exchange, but the recent changes are just punishing their competitors. C'mon BitMEX ranked so low so nobody sees it, yet has one of the highest trading volumes and even in their website traffic factor is ranked 2nd.
OKEX should be 4th with daily trading volume, 6th with the website traffic ranking but has been moved to 36th. How do you explain this?
They are destroying the validity of CoinMarketCap for a marketing tool.
June 10, 2020, 08:59:07 AM
Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
What do you think about the recent updates?
Coinmarketcap is more trusted position now after the purchase of it although Binance is the top exchange in the new ranking system. Binance is the top exchange, there is no disagree with it by many factors. Trading volume here is more than other exchanges. Receiving web traffic %, number of markets, average liquidity is more than other exchanges.
June 10, 2020, 08:49:45 AM
Hello everyone, So i wrote a part two since the most recent changes to CoinMarketCap. The new rating seems to punish some of Binance's biggest competitors. As you can see from the ranking changes
Daily Trading Volume vs Rank on #CoinMarketCap
OKEx - 5th - Ranked 36th
Deribit - 61st - Ranked 179th
Bybit - 24th - Ranked 177th
BitMEX - 6th - Ranked 175th
What do you think about this? My part two can be read on the link below.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
Daily Trading Volume vs Rank on #CoinMarketCap
OKEx - 5th - Ranked 36th
Deribit - 61st - Ranked 179th
Bybit - 24th - Ranked 177th
BitMEX - 6th - Ranked 175th
What do you think about this? My part two can be read on the link below.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69
People doesn't seem to care about it, the exchange that bought CMC happen to have a good reputation in the market, so people would not complain if Binance will be in the top, I believe if they have manipulated the ranking, I think it's not grossly done, I am not seeing the obvious.
There will be a manipulation that will happened on CMC precisely Binance have planned this. Using this site to gain more attraction, CZ is very wise to bought this and I think he can get it back cause the traffic on this site and advertisement is really in demand. Let just hope that even with manipulation on the ranking and listed projects, he still improve and add more features that are useful for users.But youre definitely right, many people loves using Binance so they would not much care if there are inside job happening on CMC.
It's more like you are endorsing manipulations... Not suggesting that anyone is manipulating things over there, just think that evil shouldn't be encouraged atall in anyway else you get used to it. Besides, people with conscience would avoid the platform if it's manipulated, no matter how good it appears to be.
its okay if thats what you think bro . people are not the same , some will be blinded by the truth just because they are happy using the exchange and they experience no problem but some simply does not like issues such as manipulations . on other comments i heard cmc looks realistic now than before . this makes me trust them more if i were to ask . i dont also question if binance will be ranked on top because i myself also notice how binance took the world by storm
Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69
Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
Nice article, thanks for sharing with the community.
Honestly I see this as okay as they have improved CoinMarketCap overall. If there are more changes we will have to judge them.
People doesn't seem to care about it, the exchange that bought CMC happen to have a good reputation in the market, so people would not complain if Binance will be in the top, I believe if they have manipulated the ranking, I think it's not grossly done, I am not seeing the obvious.
I am not saying that they will rig the data. But there is a real chance that they might change their definition, so that the "adjusted" volume from exchanges such as Binance would resemble the actual (or claimed) data more closely. Anyway, there is no concrete definition for these two types of trade volumes (reported and ajusted) and it is open to the interpretation from the users.
The way CMC was before the Binance takeover wasn´t ideal either, think of all the uncontrolled fake volume that got reported from various exchanges that now can´t be found in the Top10 anymore.
CZ is a smart man but he is also keen to expand his Binance universe so he will definately use this acquisition to his advantage and even if its just to have a detailed and always updated insight to the vokume of the other exchanges. E.g. He could easily adjust trading fees to a certain coin that is currently trending on Coinbase and get users to trade in Binance. The fact the he is still reluctant to tell the people where Binance HQ is located makes it even more problematic
CZ is a smart man but he is also keen to expand his Binance universe so he will definately use this acquisition to his advantage and even if its just to have a detailed and always updated insight to the vokume of the other exchanges. E.g. He could easily adjust trading fees to a certain coin that is currently trending on Coinbase and get users to trade in Binance. The fact the he is still reluctant to tell the people where Binance HQ is located makes it even more problematic
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