Cryptocurrency | CMC released a new update in September

On September 2, 2019, CoinMarketCap announced a new method in its ranking methodology. The main purpose of this change is to provide better information on exchange liquidity and the ranking of all cryptocurrency sets.

CoinMarketCap is one of the most popular sources of data about cryptocurrency in the world. Before carrying out the scheduled release on September 2, they will conduct a system test.

This platform also introduces an internal feature that will exclude crypto assets from qualifying to be ranked in the Top 200 if they do not meet the criteria they have specified in their methodology.

"The variety of monetary and accounting models used by the project adds complexity to the verification process, which means that there will be occasions where CoinMarketCap must use its discretion in determining the outstanding inventory in the project and/or eligibility for the top 200 rankings. "

With the new changes they will announce, they will improve and shrink ranks to be fairer in rank. In addition, they will also release new metrics that will be based on liquidity.

At the same time, they also recognize that there are some limitations to using fair volume as a metric. That is why they will improve their metrics by adding liquidity information to the data provided.

The new liquidity metrics will be released on November 12 this year. This metric will enter factors into the market pair and will be combined with other metrics that will enter the exchange and project rankings.

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Cryptocurrency | CMC released a new update in September Cryptocurrency | CMC released a new update in September Reviewed by sheffter on September 05, 2019 Rating: 5

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