Cryptocurrency Q&A
Is CoinMarketCap owned by Coinbase?
Is CoinMarketCap owned by Coinbase?
Lucia
Tue Jul 02 2024
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6 answers
1021
As a keen observer of the cryptocurrency market, I often come across various platforms and tools that facilitate trading and analysis. One such platform that has garnered significant attention is CoinMarketCap, which provides comprehensive market data and insights on various digital currencies. However, given the numerous acquisitions and mergers in the crypto sphere, it's often difficult to keep track of who owns what. So, I'm curious to know: is CoinMarketCap owned by Coinbase, the popular cryptocurrency exchange? The two brands seem to have a significant overlap in terms of their services and market reach, leading to some confusion among investors and enthusiasts. Clarifying this ownership question could provide valuable insights into the broader cryptocurrency ecosystem.
6 answers
Rosalia
Thu Jul 04 2024
In November 2019, Coinmarketcap introduced a Liquidity metric, as reported by Bloomberg.
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KpopHarmonySoulMate
Thu Jul 04 2024
This metric was designed with the intention of countering fake trading volume on cryptocurrency exchanges.
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KatanaBlade
Thu Jul 04 2024
Its implementation aimed to provide investors with a more accurate representation of market conditions.
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Giuseppe
Wed Jul 03 2024
Fast forward to April 2020, Binance, a leading cryptocurrency exchange, acquired Coinmarketcap for an undisclosed sum.
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HallyuHeroLegendaryStar
Wed Jul 03 2024
The acquisition marked a significant milestone in the cryptocurrency industry, as Binance gained control of a widely used data aggregator.
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