Crypto Analytics

Kris Marszalek, CEO of Crypto․com, accuses Coinmarketcap․com of “arbitrarily reducing” stock market rankings – Exchanges

Kris Marszalek, CEO of Crypto․com, has an issue with coinmarketcap.com’s exchange volume ranking, according to a tweet he posted on December 25th. Marszalek claimed in his tweet that the popular crypto aggregation website “arbitrarily reduced” the exchange’s ranking.

Crypto․com CEO complains about Coinmarketcap․com’s stock market ranking

A recent tweet from Crypto.com CEO Kris Marszalek reveals the exchange manager is upset with the coinmarketcap.com web portal. Marszalek claims that Crypto.com’s exchange volumes are misreported and the trading platform’s ranking was changed to 14th place on a whim.

“Merry Christmas too [the] team [at] Coinmarketcap, which one week after my response to their poorly worded tweet arbitrarily reduced our stock market ranking to 14th, ”said Marszalek tweeted on Christmas day. “We are 2/3 on Coingecko so you know where to look for real and market neutral data, ”added the CEO of the exchange.

According to statistics on coinmarketcap.com, Crypto.com’s exchange ranking is 16th on Sunday, however, Coingecko’s spot exchange metrics show that Crypto.com’s ranking is second in terms of trading volume today. Crypto.com’s 24-hour trading volume is $ 2.8 billion, according to Coingecko statistics. Meanwhile, coinmarketcap.com (CMC) metrics show Crypto.com’s volume is $ 1.5 billion, down more than 15%.

After Marszalek’s tweet, some people responded to his claims. The official Baby Doge team said they had a hard time getting CMC to review the supply of BABYDOGE. Coingecko’s co-founder Bobby Ong thanked Marszalek for his compliment. “Merry Christmas Kris,” Ong replied. “Thanks for all the support. Have a great vacation with your family. “

A number of other people who responded to Marszalek’s tweet said that it is common knowledge that the Binance trading platform is the owner of CMC. “CMC is owned by Binance … that doesn’t surprise me,” one person answered to the tweet of the Crypto.com manager. “[I] never use CMC since Binance bought it, “replied another person.

Coinmarketcap․com’s price feed will be Wonky on December 14th

The news follows CMC’s problems on December 14th when people complained about the price mismatch on the website. On this day, the price of Bitcoin (BTC) on CMC was $ 778 billion per unit and many other coin prices were wrong. CMC addressed the pricing irregularities in a tweet after receiving numerous complaints on social media.

“After the irregularities that we noticed on our platform this afternoon,” CMC wrote on the complaints: “[and] Although the issue has been resolved, the final step we will take is to restart our servers according to our internal remediation plan. Sorry for the inconvenience, ”the web portal team wrote. Later in the day, CMC jokingly tweeted:

How did it feel to be a trillionaire for a couple? [of] Hours?

What do you think of the Crypto.com manager’s complaints against CMC’s stock market rankings? Let us know what you think on this matter in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




Photo credits: Shutterstock, Pixabay, Wiki Commons


Source: Crypto News Austria

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