Leading crypto information website CoinMarketCap has introduced the launch of its new metric to match exchanges and token pairs based mostly on liquidity.
New gismo on the dashboard
The announcement comes from The Capital, CoinMarketCap’s inaugural convention in Singapore on Nov. 12, and the instrument is now stay on the corporate’s website. The new metric will accordingly incorporate information from 3000 crypto property.
Intending to strain market manipulation, CoinMarketCap will accordingly base the brand new liquidity metric on adaptative information. Carylyne Chan, chief proficiency officer at CoinMarketCap, careful on the agency’s goals with their methodological analysis:
“We believe our adaptative methodological analysis will make our metric very difficult to ‘game’ as orders would need to be placed about the mid-price, or risk being counter-productive to the Liquidity metric scoring.”
Liquidity > Volume
The agency expressed that it sees its new metric as a method of escaping dependence on measure reporting, which is commonly topic to clean buying and merchandising and different proficiency of manipulation on whole different exchanges. At The Capital, Chan expressed that “volume has lost its value as a metric.” She extra defined CoinMarketCap’s want to shift focus away from measure:
“Today, we are introducing a new metric to highlight what matters most to investors and traders: liquidity. With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.”
As of press time, CoinMarketCap had not responded to Cointelegraph’s request for extra data. This clause will probably be up up to now if Cointelegraph receives extra data.
Other new instruments from CoinMarketCap
As Cointelegraph according on the time, CoinMarketCap ab initio teased their deliberate liquidity metric on the finish of August, through which they cited Nov. 12 as their goal date.
In July, CoinMarketCap, aboard crypto information outlet Crypto Briefing, launched a brand new institutional-grade evaluation product referred to as Simetri. The product goals to offer confirmation and transparency in order-book information from crypto exchanges.