CoinMarketCap to provide with data on Liquidity

Posted 12 November, 2019

CoinMarketCap, one of the most popular sites for tracking the activity of cryptocurrencies and crypto exchanges has launched a new metric CoinMarketCap Liquidity tool that means to filter the market manipulation practices of crypto exchanges. CoinMarketCap’s inaugural conference in Singapore on November 12 and the tool is now live on the company’s site. The new metric will reportedly incorporate data from 3000 crypto assets.

“We believe our adaptive methodology will make our metric very difficult to ‘game’ as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.” -  Carylyne Chan, chief strategy officer at CoinMarketCap said.

The Liquidity metric looks at several factors, including order-book depth changes and distance from mid-price. Calculations are made by polling the market pair at random intervals over 24 hours and averaging the result.

“We are introducing a new metric to highlight what matters most to investors and traders: liquidity. With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.”

Note that CoinMarketCap in August announced that it was going to launch a new liquidity assessment system. CoinMarketCap has also launched a new page where it will publish interest rate information for several digital currencies to help users choose the right product.

Previous story

12 November, 2019 13:23

← Bithumb Global launches native token

Bithumb Global, the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain.

Bithumb Global launches native token

Next story

12 November, 2019 10:20

Banking giant of Canada to launch new crypto trading platform →

The Royal Bank of Canada (RBC) is exploring a cryptocurrency trading platform for in-store and online purchases, as well as for investments.  The Royal Bank of Canada is all set to launch a whole cryptocurrency trading platform. 

Banking giant of Canada to launch new crypto trading platform
Write a comment
Prove you’re not a bot + 11 = 26