CoinMarketCap will add a liquidity metric for a more accurate assessment …

CoinMarketCap will add a liquidity metric to more accurately assess the performance of cryptocurrency exchanges

Crypto Tracking Portal CoinMarketCap Launches new metric, which, according to the intention of the developers, it will better reflect the real activity on market, writes Bloomberg.

This Tuesday CoinMarketCap will add a liquidity metric to your website. Now by default she will be be used for ranking of trading pairs and exchanges. When her the calculation uses a number of factors, including bid sizes and deviation from the average price. For of this CoinMarketCap collects data on trading pairs at random intervals on a 24-hour period and gives their to the average.

The developers hope that the updated methodology will help users better identify the most liquid markets for more than 3 000 cryptocurrency assets presented on the site.

So, applications, essentially deviating from the average price to the market, will be be regarded by CoinMarketCap as posted by itself exchange operator in order to overstate the volumes and take into account much less when calculating the overall liquidity rating, reported Chief Strategy Officer Carilyn Chan.

“When people overstate their volumes trades, they are, essentially adding orders to the order books to buy or sell to themselves, ” said it. “We are trying to fight this.”.

Ranked # 1 on CoinMarketCap when considering trading volume takes Singaporean CoinBene from $ 1.2 billion in general volume of transactions, then as an indicator liquidity becomes the leader Binance, having only half of the declared CoinBene volumes trades.

CoinMarketCap will add a liquidity metric for a more accurate assessment ...

Previously due to bug some users CoinMarketCap received notification of Tom, what course bitcoin dropped to zero.

CoinMarketCap will add a liquidity metric for a more accurate assessment ...