Crypto.com CEO accused CoinMarketCap of data distortion

by in Cryptocurrency News

CoinMarketCap

Crypto.com CEO Chris Marshalek criticized CoinMarketCap for providing incorrect information on trading volumes.

“Merry Christmas, the CoinMarketCap team, which, a week after responding to their poorly worded tweet, arbitrarily downgraded our stock rankings to 14th. On CoinGecko, we are # 2 to # 3, so you guys know where to look for real and market neutral data,” Marshalek said.

At the time of writing, the service ranks Crypto.com 15th in terms of the trading volume.

According to CoinGecko, the exchange ranks second with just over $ 3 billion in the last 24 hours.

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The tweet Marshalek refers to is likely dated December 15th. The CoinMarketCap team joked during the conversation that he might have to cancel the Forbes interview. At the same time, the service admitted a malfunction.

“You don’t need to tell us anything - we are already working on removing the unreliable price stream CoinMarketCap from our product,” the CEO of Crypto.com replied at the time.

In 2020, the service was acquired by the bitcoin exchange Binance.