In recent weeks, CoinMarketCap, the go-to source for reliable information on cryptocurrencies and exchanges volume for the crypto industry, has heard increasing concern around exchange volumes and rankings.
CoinMarketCap addressed the issues and announced it is changing its listing requirements for cryptocurrency exchanges. First off, the site has removed the volume factor as a main requirement for listing. This has come into effect last Monday.
“The removal of the limit is partly to combat the impression that volume is the only requirement that is necessary for listing on CoinMarketCap,” – the site said in an official blog post. – “In fact, our team spends time researching new coins and exchanges to ensure that they are real projects, backed by real teams, and are not fraudulent, before putting them on CoinMarketCap.”
The site is also introducing new filters and will progressively change the ranking methods. CoinMarketCap plans to add more levers and toggles so users can filter the exchanges most relevant to them. There will also be new metrics, such as 7-day and 30-day volume, and the establishment date of each exchange, so that users can use those as a way to evaluate for themselves the consistency of the volume on the exchange.