CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top

[Nostoman]

The most popular cryptocurrency price aggregator site has rolled out a new way of ranking exchanges that keeps owner Binance at the top of the exchange table.

CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan, at the time.

Well, the price site has some good news: “We have just implemented a new algorithm to replace the previous default ranking of exchanges by Web Traffic Factor,” reads an upbeat blog post from Thursday.

CoinMarketCap’s new ranking system basically amalgamates all the metrics used to rate an exchange’s individual markets – its bitcoin or ether market, say – into one easy-to-read score
More information: https://www.coindesk.com/coinmarketcap-update-binance-friendly-rankings