Coin Market Cap, which has been cited as the largest data platform in the cryptocurrency industry and has become a hotspot for many people’s Bitcoin and other cryptocurrency prices, has been working on a new rating system for some time, as it is known.
Coin Market Cap was mobilized in this area, especially after the cryptocurrency sector reacted to this situation after the stock exchanges, which essentially had low volumes, tried to give it an advantage in this area by using bots and various other software.
Many reports and analyses also commented that the vast majority of cryptocurrency exchanges had a fake and inflated volume. The company, which has established an organization called DATA, aims to provide a more realistic and transparent data sharing at this point.
The most notable members of this DATA platform are known as Binance, Bittrex, Huobi, and OKEx.
It is also stated that the company will do better work in this field in the following period. Coin Market Cap also works with other stock exchanges in addition to the aforementioned stock exchanges and plans to launch this system in November. Let’s see if DATA can make the expected effect.