The new liquidity measurement system implemented by CoinMarketCap

Crypto statistics site CoinMarketCap has announced the launch of a new system for measuring the activity of exchanges – liquidity. The measure was taken following numerous discussions in the community regarding the artificial volumes reported by the platforms.

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1 The new liquidity measurement system

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The liquidity metric analyzes several factors, including changes in order books and the difference with the average price of cryptocurrencies. The calculations are done by sampling the market pair at random intervals over 24 hours and calculating an average.

“We believe that our adaptive methodology will be very difficult to manipulate,”

said Carylyne Chan, CoinMarketCap’s director of strategy.

The liquidity assessment has already been implemented and the exchange rate looks completely different.

The new liquidity measurement system

For example, the CMC volume top includes Coinbene, Bilaxy, Coinegg, Coinex and Bibox, with over $ 1 billion in 24 hours. The liquidity ranking lists Binance with $ 970 million daily, HitBTC with approximately 460 million, HuobiGlobal with 680 million, OKEx with 650 million and Bitfinex with a daily volume of $ 65 million.

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In July 2019, in a partnership with Crypto Briefing, CMC launched another data tracking service called Simetri. This tool checks the data in the order records and ensures that the exchanges provide real transaction data.

In addition to the new system of measuring liquidity on exchanges, the CMC has also launched a page dedicated to jobs. Crypto companies can list job offers and users can look for new opportunities.

Also, CoinMarketCap has launched the mobile app in simplified Chinese, including Spanish, Japanese, Korean and Russian versions.

Starting November 21, CMC data will also be available on the YahooFinance website, and the company is promising an educational section of the site.