Crypto com CEO Kris Marszalek has a concern with coinmarketcap.com’s exchange volume rankings, according to a tweet he published on December 25. Marszalek declared in his tweet that the popular crypto aggregation website “arbitrarily minimized” the exchange’s ranking.
Crypto com CEO Complains About Coinmarketcap com’s Exchange Rankings
A recent tweet stemming from the CEO of Crypto.com’s Kris Marszalek shows the exchange executive is upset with the web portal coinmarketcap.com. Marszalek claims that Crypto.com’s exchange volumes are being misreported and the trading platform’s ranking was changed to the 14th position on a whim.
“Merry Christmas to [the] group [at] Coinmarketcap who a week after my response to their improperly worded tweet arbitrarily reduced our exchange ranking to 14th,” Marszalek tweeted on Christmas day. “We are 2nd/3rd on Coingecko so you men understand where to try to find genuine and market neutral data,” the exchange CEO included.
According to statistics on coinmarketcap.com, Crypto.com’s exchange ranking is 16th on Sunday. Nevertheless, Coingecko’s area exchange metrics indicate that Crypto.com’s ranking is second in terms of trade volume rankings today. 24-hour trade volume from Crypto.com is $2.8 billion, according to Coingecko stats. Meanwhile, coinmarketcap.com (CMC) metrics reveal Crypto.com’s volume is $1.5 billion and down more than 15%.
Following Marszalek’s tweet, a number of people responded to his claims. The main Baby Doge group said they were having a hard time getting CMC to verify the BABYDOGE supply. Coingecko’s co-founder Bobby Ong thanked Marszalek for his compliment. “Merry Christmas Kris,” Ong replied. “Thanks for all the support. Have a happy holiday with your family.”
A variety of other individuals who reacted to Marszalek’s tweet said that it was well comprehended that the trading platform Binance owns CMC. “CMC is owned by Binance … I’m not amazed,” someone replied to the Crypto.com executive’s tweet.” [I] never ever use CMC since Binance purchased them,” another individual responded.
Coinmarketcap com’s Cost Feed Gets Wonky on December 14
The news follows CMC’s concerns on December 14, when individuals were grumbling about the website showing rate inconsistencies. That day, the rate of bitcoin (BTC) on CMC was priced at $778 billion per system and lots of other coin rates were incorrect. CMC addressed the situation in a tweet concerning the cost irregularities after getting numerous complaints on social media.
“Following the abnormalities we observed on our platform this afternoon,” CMC composed in action to the problems,” [and] regardless of the concern having actually been repaired, we will be rebooting our servers as a last step in accordance with our internal remediation plan. Apologies for the trouble,” the web website’s team wrote. Later on in the day, CMC jokingly tweeted:
How did it feel to be a trillionaire for a couple [of] hours?
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Binance, Binance CMC, Bitcoin (BTC), Bobby Ong, CMC, CoinGecko, Coinmarketcap abnormalities, Coinmarketcap.com, Crypto.com, Crypto.com CEO, Crypto.com executive, discrepancies, Exchange Rankings, Kris Marszalek, numerous grievances, trade volume, Twitter
What do you think about the Crypto.com executive’s complaints versus CMC’s exchange rankings? Let us understand what you consider this topic in the comments section below.
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has actually been an active member of the cryptocurrency community given that 2011. He wants Bitcoin, open-source code, and decentralized applications. Because September 2015, Redman has composed more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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