Topic: Now Binance owns CMC! A Red alert for all the shit Exchanges! (Read 772 times)
Those who left coinmarketcap for coingecko might just have to return once CZ start making his moves on fake volume exchanges and watch trades, I believe this will make crypto space a fair space
The time is finally here for some strict transparency in crypto space, maybe CZ noticed that lack of transparency is what's holding crypto back, the man is smart, with CMC it will be easy to get rid of many bad projects
Binance has been leading lots of positive vibes in the crypto space today, from futures trading to fiat - crypto trades.
Even now, you can withdraw your local currencies to your account from binance.
The joint ownership with Coinmarketcap will lead to more transparency in the crypto front, and i can believe that fake pumps, volumes and non existent tokens should begin to get de listed on cmc soon
Even now, you can withdraw your local currencies to your account from binance.
The joint ownership with Coinmarketcap will lead to more transparency in the crypto front, and i can believe that fake pumps, volumes and non existent tokens should begin to get de listed on cmc soon
we discussed this on our local forum, and we can conclude 2 things:
It's good because Binance is very professional and can do a good job improving their trust
It's bad because Binance can use the website at it's own side, we have to keep looking CMC but have another option too
I am sure that the Binance will do whatever they want at the coinmarketcap. all that they do they do only for their personal benefit. we all need to understand that this is a business and do not need to hope that they bought a coinmarketcap for 400 million in order to make it better for usersIt's good because Binance is very professional and can do a good job improving their trust
It's bad because Binance can use the website at it's own side, we have to keep looking CMC but have another option too
we discussed this on our local forum, and we can conclude 2 things:
It's good because Binance is very professional and can do a good job improving their trust
It's bad because Binance can use the website at it's own side, we have to keep looking CMC but have another option too
I am sure that the Binance will do whatever they want at the coinmarketcap. all that they do they do only for their personal benefit. we all need to understand that this is a business and do not need to hope that they bought a coinmarketcap for 400 million in order to make it better for users It's good because Binance is very professional and can do a good job improving their trust
It's bad because Binance can use the website at it's own side, we have to keep looking CMC but have another option too
Your ideas will often work correctly.But I think the exchanges should have a rule.Recently, an exchange closed withdraw. This is a sad thing for ordinary investors.Although not a good quality exchange, it still has a very negative impact.
Maybe only few who would agree that this is a bad move right? Of course it is not. Binance is a top most exchange and we see how capable and responsible their team regarding improvement and development. I only wanted to say that if ever Binance would implement something on CMC as new feature is that add some more function on their current app that works the same on the browser. Like for example, add some tokens on their tracker even though not yet listed on them.
This is possible I guess, like ehat on other tracker. Why is this important? They can expand their system, sometime these new tokens or not yet famous coins are not added here its because they need to apply on them but what if they can list it without any application? As far as I know there is no payment on CMC listing right? I just hope this is possible.
This is possible I guess, like ehat on other tracker. Why is this important? They can expand their system, sometime these new tokens or not yet famous coins are not added here its because they need to apply on them but what if they can list it without any application? As far as I know there is no payment on CMC listing right? I just hope this is possible.
Yes you are right, this is a red flag for all exchanges that has fake volume and and lists fake projects.
Now everyone will sit tight and do what is right.
With binance checkmating with coinmarketcap, we can expect improved information on the coinmarketcap, as well as up to date volumes and price of tokens.
Hopefully, binance will not influence wrong decisions on coinmarketcap.
Still, always visit the exchange platforms to confirm volume and price of tokens.
Now everyone will sit tight and do what is right.
With binance checkmating with coinmarketcap, we can expect improved information on the coinmarketcap, as well as up to date volumes and price of tokens.
Hopefully, binance will not influence wrong decisions on coinmarketcap.
Still, always visit the exchange platforms to confirm volume and price of tokens.
Yeah binance already achieved the deal with coinmarketcap. Binance is one of the trusted name in cryptospace. And now coinmarketcap which is Google of crypto space is added with binance. So they are gonna kind of rule the crypto space. Plus recently there are lots of scam exchanges and some scam coins use cmc loophole and add their token to cmc. But I think after worked under binance they will take care of this mistakes. Atleast hope for clean the whole crypto space.
I welcome Binance for trying to restructure Coinmarketcap. All these shit exchange Hotbit, Coinsbit,... need to put to death with the horrible practice of fake trading's volume. Though Coinmarketcap has to play with Binance's rule and this could hurt some exchange but just a small price to pay.
I am not sure how that is going to help. Everyone knows that the CMC figures have a certain degree of unreliability associated with them, due to the inflated trade volumes being reported from many of the smaller and medium-sized exchanges. But CMC was doing a pretty good job to remove the inaccuracy, when they started showing the "adjusted volume". Now how can we rely CMC's figures for Binance, and that for it's competing exchanges?
This is really good news as CMC is a major site for the crypto market and Binance is the most trusted and leading Crypto exchange worldwide with a great team and security measures.
But with BNB on the side, I think there will be good improvements that will happen to CMC.
More improve as CMC already holds the best position in the market. With Binance who has all the resources and the influence in the market, sure CMC will be a new CMC, don't believe that it will be independent from each other, CMC is now part of the Binance group of companies, not on paper but we know it's gonna be.
CMC has been providing information to all of us but if it will be more accurate, it will help people to make a decision when it comes to investing.
That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.
Speaking of binance doing sone house cleaning on Capital market then why exchange like BKEX rated as number one despite that it was ranked 23,254 on alexa while exchange holding the highest rank than the exchange on the 10th to 25th spot? That mean the exchange owners are the one to be blame for most of the fake volumes.
Or red alert for all decentralization in crypto space
But with BNB on the side, I think there will be good improvements that will happen to CMC.
More improve as CMC already holds the best position in the market. With Binance who has all the resources and the influence in the market, sure CMC will be a new CMC, don't believe that it will be independent from each other, CMC is now part of the Binance group of companies, not on paper but we know it's gonna be.
I welcome Binance for trying to restructure Coinmarketcap. All these shit exchange Hotbit, Coinsbit,... need to put to death with the horrible practice of fake trading's volume. Though Coinmarketcap has to play with Binance's rule and this could hurt some exchange but just a small price to pay.
But with BNB on the side, I think there will be good improvements that will happen to CMC.
More improve as CMC already holds the best position in the market. With Binance who has all the resources and the influence in the market, sure CMC will be a new CMC, don't believe that it will be independent from each other, CMC is now part of the Binance group of companies, not on paper but we know it's gonna be.
That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.
Okay, based on this tweet
we know that fake volume will be one of the important points in the combination of CMC and Binance. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.
I believe one tough task for them is addressing the fake volume. The investigation will take time for this kind of issue in almost all exchanges. They need to carefully look each and every coin for that matter. Sometimes it is not the exchange doing the wash trading, but the owners of the coin themselves to increase their volume in the market and be noticed by the traders. If you are an experienced trader, you will know some trends when a coin is being pump and dump or wash trading is going on.
But with BNB on the side, I think there will be good improvements that will happen to CMC.
That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.
Okay, based on this tweetwe know that fake volume will be one of the important points in the combination of CMC and Binance. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.
Let's just hope to see some improvement of CMC and Binance will be able to develop it and even increase its worth.
They invested a lot of money here, they should make sure the plan will work for more success of both platforms.
That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.
Okay, based on this tweetwe know that some important points that will be the target of further development, one of the most expected crypto enthusiasts is a problem related to fake volume. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.
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