CoinMarketCap Targets Crypto Market Without Manipulation

The cryptocurrency market has been tainted by manipulation since its early beginnings. As a result, CoinMarketCap, the leading cryptocurrency data tracking services platform, has been making strides towards a market free of manipulation. The firm recently announced the introduction of a new tool that will provide the “real trading activity” of most of the cryptocurrency exchanges in the industry.

CoinMarketCap is launching a new metric dubbed Liquidity that aims to combat fake trading volumes in the cryptocurrency industry. Liquidity will serve as the default criteria for ranking cryptocurrency pairs and exchanges.

The tool is aiming to help users identify the most liquid markets in the industry. With more than 4,000 crypto assets listed on this platform, the company acknowledges the hardships associated with transparency. Therefore, Liquidity takes into consideration order-book depth changes and distance from mid-price.

Reference: https://www.ccn.com/coinmarketcap-targets-crypto-market-without-manipulation/

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