Coinmarketcap

CoinMarketCap is the leading price-tracking website for cryptoassets, aimed at making cryptocurrencies discoverable and efficient globally. It empowers users with unbiased, high-quality, and accurate information to make informed decisions. Founded by Brandon Chez in May 2013 in New York City, CoinMarketCap quickly became the trusted source for users, institutions, and media outlets such as CNBC and Bloomberg. Its data is even used by the U.S. government for research.

In April 2020, CoinMarketCap was acquired by Binance Capital Management, the global blockchain company behind the world's largest digital asset exchange by trading volume and users. This acquisition allows CoinMarketCap to leverage Binance’s resources to enhance data quality and reduce information asymmetry in the crypto industry, benefiting its extensive user base.

CoinMarketCap provides comprehensive data, including prices, trade volumes, and market capitalisation for thousands of cryptocurrencies. In January 2018, it removed South Korean exchanges from its price calculations due to their consistently higher prices, causing significant market disruption. In November 2019, it introduced a Liquidity metric to address fake trading volumes.

CoinMarketCap has also played a crucial role in safeguarding the crypto community. In November 2021, it alerted users to the "Squid" coin fraud, falsely linked to the popular TV show Squid Game. The website is a key source for crypto exchange rankings and remains highly influential in the cryptocurrency space.

CoinMarketCap was founded by IT programmer Brandon Chez in May 2013, with the mission to provide unbiased, high-quality, and accurate information to make cryptocurrencies discoverable and efficient globally. The platform quickly established itself as the most trusted source for cryptoasset price tracking, becoming indispensable for users, institutions, and major media outlets like CNBC and Bloomberg. By May 2016, CoinMarketCap introduced its first public API, further enhancing accessibility to its comprehensive data.

In May 2018, CoinMarketCap expanded its user base by launching its first iOS app, followed by a professional API in August 2018, catering to advanced users and institutions requiring detailed market data. The platform's popularity soared, culminating in 3.6 billion page views by the end of 2018. In March 2019, CoinMarketCap achieved a significant milestone when its CMC200 and CMC200EX indices were listed on Nasdaq, Bloomberg, and Refinitiv, marking its integration into mainstream financial platforms.

Continuing its expansion, CoinMarketCap launched its first Android app in April 2019 and formed the DATA Alliance in May 2019, promoting data transparency and accountability within the crypto space. The platform acquired Hashtag Capital in June 2019 to further its data capabilities. In November 2019, CoinMarketCap hosted its inaugural conference, "The Capital," and introduced the Liquidity Metric to combat fake trading volumes.

In April 2020, Binance, a leading cryptocurrency exchange, acquired CoinMarketCap, providing it with extensive resources to improve data quality and reduce information asymmetry in the industry. Following the acquisition, CoinMarketCap planned to upgrade its Liquidity Score methodology in May/June 2020. In September 2020, the platform launched the CMC Academy, an educational portal aimed at fostering a greater understanding of cryptocurrencies.

CoinMarketCap continued to innovate, with a homepage revamp in April 2021 that included new features like filtering, an ICO calendar, and updated portfolio and watchlist functionalities. In June 2021, it launched the CoinMarketRecap podcast and the Diamonds rewards loyalty program. By the end of 2021, CoinMarketCap achieved an impressive 13.2 billion page views. In April 2022, its YouTube channel surpassed 380,000 followers, and in May 2022, it hosted the online conference "The Capital: Time to Ship." CoinMarketCap's influence remained robust, with monthly page views exceeding 340 million by June 2022.

CoinMarketCap’s mission is to make cryptocurrencies discoverable and efficient globally by providing retail users with unbiased, high-quality, and accurate information. By empowering users with comprehensive data on thousands of cryptoassets, CoinMarketCap enables them to draw their own informed conclusions, fostering greater transparency and trust within the rapidly growing cryptocurrency space.

CoinMarketCap envisions a world where cryptocurrency is accessible, transparent, and integrated into everyday life. By continuously enhancing data accuracy and reducing information asymmetry, CoinMarketCap aims to be the definitive source for crypto market data, supporting the systemic importance of digital assets and making them a cornerstone of global financial systems.

CoinMarketCap provides a comprehensive suite of products and services aimed at delivering high-quality data and insights into the cryptocurrency market. At its core, CoinMarketCap offers real-time tracking of prices, trade volumes, and market capitalisation for thousands of cryptocurrencies, making it an essential tool for both retail users and institutional investors.

The platform features a public API, launched in May 2016, allowing developers and businesses to integrate CoinMarketCap’s extensive data into their own applications. For more advanced needs, the professional API, introduced in August 2018, offers even deeper insights and higher data limits.

CoinMarketCap also caters to mobile users with its dedicated iOS and Android apps, launched in May 2018 and April 2019 respectively, providing seamless access to cryptocurrency data on the go. The platform’s innovative Liquidity Metric, introduced in November 2019, helps users identify the most liquid markets and combat fake trading volumes.

To promote education and transparency, CoinMarketCap launched the CMC Academy in September 2020, offering a wealth of resources to help users understand the complex world of cryptocurrencies. Additionally, the platform hosts the CoinMarketRecap podcast and offers the Diamonds rewards loyalty program, encouraging user engagement and retention.

CoinMarketCap also organises online conferences, such as "The Capital: Time to Ship," launched in May 2022, to facilitate discussions and networking within the crypto community. Through these diverse products and services, CoinMarketCap remains a pivotal resource in the cryptocurrency space.