Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69 Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
*Edit - since writing this article, CoinMarketCap has changed their rating system, which now punishes Binance's competitors. Below is the link to the second part of the article.
https://www.publish0x.com/crypto-101/the-coinmarketcap-binance-conundrum-rises-again-pt-2-xgdlomv?a=GELe3POa69What do you think about the recent updates?
Coinmarketcap is more trusted position now after the purchase of it although Binance is the top exchange in the new ranking system. Binance is the top exchange, there is no disagree with it by many factors. Trading volume here is more than other exchanges. Receiving web traffic %, number of markets, average liquidity is more than other exchanges.