Topic: CoinMarketCap Changes - Broken the Trust of the Crypto Community? (Read 1072 times)

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.

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 guess it's much more accurate compared with the old CMC which has been manipulated by scam project.

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.

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

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.

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.

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.

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.


We are witnessing how things can turned if only few will hold the influenced inside this industry, hopefully newcomers will do their homework.

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.

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.

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/

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

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.

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. 

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.

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

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 

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.

Finally it shows accurate trading volume, I remember when few days ago exchanges with the highest volume were: Latoken, P2PB2B and OKEX. Now it looks more realistic: Binance, Coinbase Pro and Bitmex. But also there is a question if not every exchange manipulate the volume because 100 billion USD a day is still a lot when market cap is only 200 billion! 

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

I see this as a problem, mostly because most newbies will use this site and think that Binance is the best exchange out there. I also expect to see more changes happening that will benefit Binance in the coming months.

Maybe we will see CoinBase buy one of the competitors lol.

By the way, nice article it's a great writeup about the situation.

What else you can expect from them when they might have spent big money like $400M? Definitely they will work for the way which will be benefiting and helping them to recover that $400M as quickly as possible. I guess there should be some different approach rather than completely removing the ranking system for exchanges in coinmarketcap. They removed ranking for exchanges so that they are able to list their own exchange binance at the top.

Previously coinmarketcap was blamed for showing fake volumes for both exchanges and coins and it is really unfortunate even under the new management we cannot have a fair ranking. I use coinmarketcap for references and honestly I do not make any investment decisions based on their ranking so personally I will not have any problem due to their manipulation/modification on ranking/listing.

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.

The question we should ask is on what basis was Binance ranked number 1. Binance is most preferred by traders, it's the most used exchange by different traders aside being the best choice exchange, Binance has other developments being added to the cryptocurrency sphere in general. Let us not be too quick to give into bias on the ground of CMC being owned by Binance. We should have a thorough investigation of why it was ranked as the number one, what did the exchange do differently to gain the spot.

The sudden change in the way they measure the volume to benefit their parent company in now way could be called a trusted move. It shows binance could do anything to boost it's image and make it look superior while the rival exchanges inferior using the name of cmc. Google search mostly brings CMC on number one spot when user searches for coin and price and most of the users won't know CMC is owned by binance when they visit. This is surely a manipulation of trust.

For me, Coinmarketcap is more realistic now, unlike before a new exchange comes out on top for a day because of fake volume which is not really good. The system now is far greater than the previous one. Web traffic and liquidity is more good basis on which exchanges has real users and not just bots. Yes, CMC has been acquired by Binance but I don't think they are biased. You can tell it yourself when you are trading on Binance compared to other exchanges, your orders fill sooner than on exchange with full of bots. Binance is not only an exchange they have adapted in many services that is what makes them on top right now.

I do not understand why everyone has a problem with Binance's move. They are the most trusted crypto exchange that tries to be transparent and honest. Look at other exchanges they cheat, provide fake volume and you don't have problem with them?

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.

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.

That's true and when it comes to the list of exchange site and this time it's a better list caused by some crap exchange sites have already kicked from top 10 exchange sites based on the traffic. The daily trade volume needs to be adjusted again consider p2pb2b still has a lot of fake volumes.

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.

well nothing changed in the coinmarketcap but they should change the rank system of exchanges or maybe they should remove the exchange that has fake volume, that would be better.

Where I come from, we have a saying which roughly translates to: Whos bread I eat, is whos song I sing. - Meaning, if Binance has some financial influence on CMC, it will become biased this way or the other. CZ and his connection with Justin Sunofabitch made him already less likeably to me so I hope he doesn´t go down the road of total control and manipulation

Not at all. I think even if it is owned by binance they can't make too many changes or else the risk of pushing away old users. It is in their best interest if they stick with how they website was and only make few changes. I don't think they bought it without thinking over how they can use it to benefit themselves but as long as they aren't too biased people won't care.

Exactly, coinmarketcap hasn't so important for us, we just make the use of it to check the prices of the coins and I don't think beyond that it is more important than that. So why are looking much deeper into it. As well they had remove fake volumes and have started working towards its better development.

This doesn't make much sense to me, I have never considered the CMC exchange charts to be valuable, I don't care about it. I only use CMC to search for information about coins, and I think this will not be affected much.

This was expected, right? Now we can't expect Coinmarketcap to report that the trade volumes claimed by Binance for various cryptocurrency pairs are inflated. After all, they are now completely owned by Binance. And this may be one of the reasons why Binance spent a huge fortune, to acquire Coinmarketcap. Probably, the Binance promoters were getting nervous about CMC reporting their real trade volumes.

in my opinion nothing has changed from coinmarketcap, instead it seems much better than yesterday,
I like coinmarketcap now, the information provided is far better

I had switched to CoinGecko quite a while ago as it seemed to have a fresh approach to showing a vast number of altcoins and the exchanges that they are listed on, but I am finding that it is more and more closing in on what put me off of Coinmarketcap in the first place.  I've also come across a number of other market-cap styled sites that seem to be mirrors of CMC quoting the same incorrect information concerning a number of altcoins that interest me.  None of the market-cap sites seem to want to correct their information.  If the owners of CMC sold the site for $400M then they should be giving about $450M back in change.

The apps that show your portfolios are no better.

CoinMarketcap is still a reliable site although it is now in Binance's hands. If there are any changes on CMC now and it is kind of obvious, I believe it is for better. The coinmarketcap site is only a means for everyone to see coins and tokens and exchanges, and the changes that occur in coinmarketcap I do not think will affect the trust of the crypto community.

It's an overall improvement to the system, but let's see what changes happen in the future, I'm expecting a lot more.

Nice roundup, and i've joined the platform and started earning BAT and DAI. Highly recommend it to any crypto lover, especially if you are a content creator.

I see coinmarketcap is getting better than before since Binance acquired this site. And I'm not too surprised when Binance is at the top of the volume every day, obviously they are the largest exchange in this market and there are many people using it.

i dont know why the OP is thinking that BNB acquisition will break the trust of CMC users. long ago, CMC was already giving inaccurate data to the public. so there's no trust that BNB is breaking here. instead, BNB is making this site more usable to many. with the community being informed about their acquisition on this site, BNB will not make ridiculous changes that will favour them. because they know the possible criticisms and accusations that will be thrown to them. so yeah, it's better that they are under Binance now, we might see better coin info and figures in the future.

I do agree with it since the fake volume has already removed but the traffic chart looks a very bad thing to be used as a measure to determine the rank of crypto exchange site.

This needs to be re-evaluate again whether traffic is really important or not. I guess, why didn't CMC provide the rank based on the real liquidity instead of the traffic?

I don't think so. To be honest Binance is surely going to make coin market cap a good and resourceful place to look upon coins. Moreover all these Ponzi scams will not be listed over there further cleansing this industry of all the trash projects. I really don't have a problem with Binance taking over CMC if they don't become biased with their decisions.

I don’t see anything wrong with buying CMC. I am sure that for users everything will be even better. But competitors will naturally not be sweet

They di a good job in arranging the ranking of exchanges. Binance must have been affected by the rankings provided by the previous owner of the CMC and it hurts their price not on top of the rank despite their effort and this is all because of the API mess.

Not Binance hit two birds in one stone. They already promoted the binance exchange extensively while also owning the widely used ranking website in crypto. I bet they can really use CMC to benefit more.

I don't think so,  maybe coinmarketcap now is more reliable because they removed all those fake volumes.
If you're active in exchanges before, I'm sure you'll agree with me.

We don't really have any choice but to accept that Binance is monopolizing the crypto market since they have the money to do so and there are no laws stopping them from acquiring and acquiring other businesses.  Also we cannot just demand them on changing anything in the data/results they are showing in CMC right now, the only thing left to do is not use and visit Binance hoping that the decrease in traffice will make them more honest with their data.


Well I explained my thoughts perfectly on my first post here. I already said that they are not only one of the most popular exchange but they also have a global presence which could easily back the data they are giving.

Some users liked what binance did but some still as skeptic with why they bought CMC. Binance being a popular exchange and had dominated already just can't settle themselves for less but has to take CMC to gain more control over the crypto market.  Its not going to be surprising if Binance will soon populate the ranking with only the tokens they bet.   TRX probably?

No, Binance becomes leading in terms of ranking is nothing new or unexpected. Actually, if you're in the speculation thread about Binance over take CMC a few months ago, you would see most bitcointalk users are welcoming this action of Binance to reduce shady exchange that in the top by manipulating their volume data. Everyone already sees this coming from miles.

Expect CoinGecko and the other platforms to make moves while CoinMarketCap is weak.

Great article, that explains why Binance wanted to even part with such a large amount of money. I knew that CoinMarketCap was a popular website in the crypto world, but top 700 out of all websites is huge. Any website would like to have that sort of traffic.

Personally, I like PublishOx and I find a lot of useful information there.  Recently, I also started writing articles on this resource.  Binance took a far-sighted step in its favor by purchasing CoinMarketCap.  Thus, you write that at this time, CMC should not be seen as an impartial website.  I can’t say with great certainty that he was like that before the purchase of Binance.  Just the leaders have changed, and now everything will move in a certain direction, that is, in a convenient direction, you yourself know for whom.

Nice writeup, really enjoyed the article and you made sure to do your research.

It's an issue, people / Binance can stat it's better, but let's be honest, they have changed it to help Binance. They were working on a algorithm and they shifted since the buyout.

It is now a glorified marketing tool (if not an expensive one) for Binance. Expect more changes in the coming months, this is just the start.

I really do not like the idea of anyone having a superior power over the market and then they will start manipulating the market and with the purchase of the popular CMC and they already shuffled many things including the exchange rankings and now binance is listed as the number one exchange and glad that we have CoinGecko which represents factual data than CMC.

When you purchase a popular site and magically you appear number one after the purchase you do not consider it as suspicious.

It clearly shows now that the top rank of exchanges are real and Yobit seem to be in the right place. Who would have thought the exchange mostly have despise it was ranked up among the top ones beating the ones we thought are really used by traders.

Still surprise that LATOKEN is in the 67th and Probit is on the 38th place.

I do not think that the trust of the crypto community lies in coinmarketcap, because the coinmarketcap site is only a means for everyone to see coins and tokens and exchanges, and the changes that occur in coinmarketcap I do not think will affect the trust of the crypto community.

It's business and looking at this perspectives binance will do their best to make things better in terms of working with people who are still using this site to check the current situation inside the market, though chances that there are still unwanted exchange and coin information that needed to take care of, binance will look for the best interest of majority to continue business.

I don't think Binance will cheat in this case, because that will only hurt their exchangers. apart from that, I believe more in the data currently available on coinmarketcap. looking at the work of binance that has been done before, naturally I believe in that. however, this is my personal opinion, that CMC will be better if binance takes care of it

I did not fully examine the changes you mentioned, but I see that I was right about what I wrote in my previous messages. Before the purchase process, I wrote many messages in the style of "If this news is correct, CZ will be the most rose manipulator of the market and will direct it as it wishes." Today I see that my estimates are correct and market changes started with small changes. I hope we don't see such changes frequently, and CZ alone cannot make cryptocurrency markets worse.

Although Coinmarketcap has been acquired by Binance, it seems to me that Coinmarketcap will be better,
and now Coinmarketcap has added new features, I'm sure Binance will not create their own interests, and think more about the public interest

To be sincere if the issue is about Binance being on top in coinmarketcap, I do not see any thing wrong with it because a good number of people knows that it's meant to be its position, even coingecko reported same. Also, am yet to see major changes which can be argued on, till then I do no see this update by coinmarketcap as a big issue. Nevertheless, that doesn't mean that Binance won't do more for their own benefits, we should be expecting more of it but in the case of being number 1, it can somewhat be justified because of how the platform has grown.

I mean who do you think will be the number one and keep up with Binance's global presence? Upbit? Huobi? Kraken? I don't think so Binance as of right now is the only crypto exchange branching out of it's main business and is trying to monopolize everything in the market they are planning to create their own mining pool, they have offices in several countries, they have bought a website for a ton of money. This shouldn't be really a surprise anymore since they are eager to be present globally and it is evident on how they brought their operations back in the US. By far Binance is one of the most popular exchanges and I don't think its a suspicious thing to see them in the number one spot.

The problem is binance was taking the advantage from CMC after the acquisition as some people have criticized the current mechanism used by CMC. As the owner of CMC binance does nothing wrong about that but it looks like the mechanism needs to be adjusted again. It's not too quick to judge it.

Great article, thanks for sharing.

Yes it is worrying, first changes they have made has put Binance at the top already. We haven't even gone 2 months since the buyout. I expect a lot for Binance and CZ, one of the biggest shills out there.

I think it is too quick to judge, and to be fair, if we check the ratings, the features, the unique benefits of exchange binance edges all exchange platforms.
Why do i say this, most exchganges do not yet allow fiat withdrawal like binance does, and remember that itself is an added advantage in ranking of exchange.

So it is a fair ranking.

If there are any changes on CMC now and it is kind of obvious, I believe it is for better. Before this time, so many were company about how CMC ranks exchnage and that it calls for urgent attention. Later we read it is being negotiated for purchase and with the latest that is happening now, I still believe it is for good.
If Binance comes top, it deserves it. In fact, it is the best as far as my use of crypto exchanges concerned.  How other exchanges are ranked might now be a call for concern if there is any manipulation.

There is a noticeable difference: first, CMC currently uses the web traffic factor as ranking, not based on its volume as before, secondly, the exchange rank is combined between dex and cex.
I prefer the current system, we can clearly see which exchanges are crowded and most often used for trading. With the support of the innovative Binance team, I quite believe there will be better developments going forward.

Nice article, got some great info!

CMC is dead, long live the king.

They own the website already so expect that the favor will go along with their very own exchange. Recently, Huobi[1] which is another exchange reacts as to how CMC made Binance as the number 1 and the new ranking system that they've just made.

[1] Huobi’s VP criticizes CoinMarketCap’s new ranking system

I think this is a big of a double edged sword.

CMC was full of problems, from tokens / coins that had no liquidity to exchanges that were clearly just wash trading to boost their numbers, I think the key is to have multiple sources of data that combine everything to give the best idea about the exchanges. Adding the amount of website traffic is a decent one to throw into the mix.

However, this is clearly helping Binance. Having the internet score as the MAIN factor to judge is a problem, because you are simply just rewarding websites that have traffic. You can buy traffic cheaply it doesn't mean that the exchange is good at all. Also we are just 6 weeks into the acquisition and boom they are top. I expect to see more happening on the website and I believe with every change they will lose less and less validity as an independent site.

One beautiful thing is we can simply stop using CMC and move to other platforms, there are plenty out there.

Also great article, really informative with loads of sources and you did you homework, I like the fact that you even went into the other companies Binance has bought out. Also I joined the platform and tipped the article, I will be using this platform from now on as I have already started earning BAT and DAI from it. Keep up the great writing and I look forward to your next article.

I think thats not true $400 Million for a website what a costly acquisition, I think Binance won't pay that much. By the way, let us point the main issue here before Binance acquired CMC it's already stained with an accusation of listing unverified projects that later on become an exit scam. not just that some technical people are questioning the method of CMC's calculation on the market cap of any coin that listed on the CMC platform. so what trust would be broke if it was already broken just my opinion.!

That's good to hear that.
It looks like the majority of people here said that if the new mechanism that used to determine the current exchange site ranking on CMC doesn't give a lot of impact to the community's trust.

OP should not feel worried about that.

Possibly we should be happy to have binance taking over the coinmarketcap from the original owners whose jobs was to manipulate the dubious coins and fake their volumes for us to invest into. I have been a victim of this circumstances with some bad reputable coins on CMC. Believe me, binance will take good care of the cryptocurrency market as they have acquired the coinmarketcap. We'll know that, binance as an exchange is well known in this industry and for them to bought coinmarketcap is a new dawn for the cryptocurrency community and is a welcome development. Cryptocurrency trust is here to stay with us like never before.

The moment CZ and binance purchased coinmarketcap i knew something like this would happen, they have the money and they wanted to have an authority and monopolize on the entire cryptocurrency market, i waiting whether they will show the fair system or use that as a platform to boost their revenue further and they choose the latter.

If you missed the news that coinmarketcap was purchased by binance you could have understood the situation if you read the topic .

I do not have real evidence about this case because I do not have much time to examine that coinmarketcap is indeed manipulating intentionally or unintentionally even coinmarketcap can also accept bribes so that it can manipulate data but hopefully it doesn't happen because if it happens it will make a lot of traders are disappointed with coin marketcap.

I don't think there is any issue with the new ranking system, they just adjusted the reported volumes from exchange and other few things so their exchange got actual high volume that other so binance is now sitting at the top.

I don't think they have the main intention of doing such manipulation.
All eyes are on them, so they are very careful not to ruin their image just by wrong move towards CMC.
You can also verify with other ranking websites about their claim, being no. 1 using the web traffic factor as criteria.
And I do believe that most of the ranking websites will place Binance as number 1.
And if in case they will break your trust, you can always cross reference it to other websites like coingecko.
Supposedly, you should only use them for quick reference, you still have to do your own research when it comes to your investments.

Many other websites not owned by Binance imo will also consider Binance as number one cryptocurrency exchange, not just coinmarketcap, if that be the case then I don't think there should be any case of manipulation or foul play. Users of Binance on the forum usually recommend it to newbies looking for good crypto exchanges, I believe they are reliable and them being first on CMC is not as a result of their manipulating figures to make themselves top, but that they are actually worthy of that position.
Not it has not, I still trust and use coinmarketcap as I did even before it was acquired by Binance. And I do not also it a biased decision that Binance ranks top exchange on coinmarketcap.

Obviously they have acquired cmc so they will manipulate and use it somewhat for their own benefit as well, obviously they want to make back their invested money fast but personally i do not have any problem with cmc yet and i am using it as i was doing before binance taking over it and i will keep using it unless they start doing something silly.

Coinmacketcap is still a reliable site although it is now in Binance's hands. Bad projects have been removed and people have a better grip on the market.
Besides coinmacketcap always always the fastest updates on the prices of currencies on the market.

Rather than worry about the fact that the binance team own CMC, we should better concentrate on asking question as regard to what makes Binance top the exchange list. A lot of people regard Binance as the best trading platform in the world. Not because of their numerous active traders that offer great liquidity when trading on the platform but the way they have shape the believe of many people about cryptocurrencies. If they have taken the same energy and commitment in addressing the issue for fake volumes and scam token issue on CMC which also makes their platform (Binance) to top the list, I do not think they break my trust because that is what I have been expecting to happen to CMC after they bought it. They have previously gather research from individuals that visit their platform through survey to get information about developing the platform and I believe this led to the recent ranking and other updates. 

I still trust Coinmarketcap, I've been using it ever since together with Coingecko, I could never last a week without looking at this two for comparison, I don't mind the exchange ranking as long as they show the right and real-time price of all the coins in their database.

What? I didn´t see anything diffrent comparing to the old Coinmarketcap website, even they are no Binance advertisements on the website, so for me it looks still independent.

I didn't notice much of a change to be honest. Fake volumes reported by most of the exchanges are still being published on CoinMarketCap.

I think they still have a lot of work to do.

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

Well, even before CMC was doing untrustworthy moved just like advertising scam Ponzi projects through their ads. If CMC was changed their ranking metrics doesn't a problem. You can use different market monitoring if you don't like Coinsmarketcap, [ https://cryptoslate.com/top-10-coinmarketcap-alternatives/ ] --that was purely biased because BNB also gaining on CMC through the heavy traffic made and most crypto beginners used. Indeed, as BNB CEO said that " This ranking is currently heavily biased towards web traffic, not 100% accurate, but better than before. Will continue to iterate."
https://twitter.com/cz_binance/status/1260992403835506689

It changes CMC to be a better MCAP site than before it has already acquired by binance. It looks like the crap exchange site has already eliminated from the top rank of CMC. That's not broken the trust of the crypto community but that brings a better change for sure.

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?