Crypto.com CEO, Chris Marshalek rebuked CoinMarketCap for providing incorrect information on exchange trading volumes.
The objection came after Coinmarkecap shifted Crypto.com exchange to the 14th position.
“Merry Christmas to team CoinMarketCap who a week after my response to their poorly worded tweet arbitrarily reduced our exchange ranking to 14thWe are 2nd/3rd on coingecko so you guys know where to look for real and market neutral data”
Merry Christmas to team @CoinMarketCap who a week after my response to their poorly worded tweet arbitrarily reduced our exchange ranking to 14th ?
We are 2nd/3rd on @coingecko so you guys know where to look for real and market neutral data ?
— Kris | Crypto.com (@Kris_HK) December 25, 2021
We confirmed that on Coinmarketcap, Crptocom is present in the 15th position while on Coingecko it is in the 2nd place as a top exchange in terms of the daily trading volume.
The issue first surfaced on 15th December when the CEO Of Crypto.com, Kris reported to Coinmarketcap that their exchange data is incorrect. In a reply, the CoinMarketCap team joked that he might have to cancel the Forbes interview because of the matter, and asked: “Did you tell that to coinbase & cryptocom too.”
Replying to coinmarketcap nonserious behavior, Kris said:
“You don’t need to tell us anything – we are already working on removing the unreliable price stream of CoinMarketCap from our product.”
You don’t have to tell us anything — we are already working on removing @CoinMarketCap’s unreliable price feed from our product.
— Kris | Crypto.com (@Kris_HK) December 15, 2021
Baby Doge another rising meme coin posted a complaint that Coinmarketcap refuse to verify their supply and demand for a more decentralized version of coinmarketcap.
“We have a very similar issue with CoinMarketCap refusing to verify our supply. We need a decentralized version. Thankfully coingecko has verified Babydoge and remains a neutral source ! Ranked at #218 today”
In 2020, the Coinmarketcap was acquired by Binance. As a reminder, in July 2020, CoinMarketCap placed Binance Coin at the top of the DeFi token rating. After criticism on social media, the service removed the token without giving any reason why it was shown as a top defi coin.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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