Binance has become the best exchange according to CoinMarketCap
In March of this year, Binance bought CoinMarketCap.
The popular cryptocurrency resource CoinMarketCap has updated its rating of exchanges - the first was the Binance trading platform. About it writes The Block.
The new ranking algorithm includes a metric for web traffic.
On its blog, CMC notes that exchanges with large volumes have a significant number of retail traders, so it was decided to include this factor in the current iteration. Everything is taken into account - the number of page views, unique visitors, rejection rate, time spent on the page, keywords in search engines, relative ranking, etc.
Algorithms for assessing liquidity have also been modernized - now instead of two pages (declared and corrected trading volume), only one works.
Recall that in March it became known that CEO Changpen Zhao bought CMC, and in April, Binance became the most visited exchange.
In March of this year, Binance bought CoinMarketCap.
The popular cryptocurrency resource CoinMarketCap has updated its rating of exchanges - the first was the Binance trading platform. About it writes The Block.
The new ranking algorithm includes a metric for web traffic.
On its blog, CMC notes that exchanges with large volumes have a significant number of retail traders, so it was decided to include this factor in the current iteration. Everything is taken into account - the number of page views, unique visitors, rejection rate, time spent on the page, keywords in search engines, relative ranking, etc.
Algorithms for assessing liquidity have also been modernized - now instead of two pages (declared and corrected trading volume), only one works.
Recall that in March it became known that CEO Changpen Zhao bought CMC, and in April, Binance became the most visited exchange.