The popular CoinMarketCap service again found itself at the center of the scandal, setting BitMEX to the 175th place in the rating of crypto exchanges.
Note that at the end of May, the same trading floor in this rating was on the third line. Users of social networks periodically criticize the administration of the resource after its acquisition by the Binance team for various experiments in the field of evaluating stock indicators.
Last week, the CoinMarketCap press center announced a change in the methodology for developing the rating of trading floors. Previously, such a list was formed taking into account the Internet traffic of a particular platform.
The developers of the service decided to modernize the exchange ranking system. In particular, such criteria as the rating of trading pairs in the spot market are now taken into account. It is formed taking into account liquidity and trading volume.
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Based on such data, the service assigns a “confidence index,” which supposedly reflects the degree of reliability of trading data transmitted by the exchange.
According to Carlin Chan, Acting Head of Service, the new ranking system provides the most accurate picture of the trading turnover of any platform.
CoinMarketCap administration promises to use this system over the next few months.