Friday, January 28, 2022
Home Crypto News Exchanges War Of Words Goes Hot As CryptoCom CEO Strongly Criticize Coinmarketcap

War Of Words Goes Hot As CryptoCom CEO Strongly Criticize Coinmarketcap

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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”

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.” 

 

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.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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