CoinMarketCap Updates its Ranking System Again
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29 May
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Popular crypto data aggregator CoinMarketCap has just announced it has made a series of changes to its ranking system aimed at reducing the impact of fake volumes.

CMC, which has recently been acquired by Binance, has been criticized because many people believe it is no longer a reliable platform.

In fact, this is the second round of changes to the aggregator's ranking system since Binance bought it in April.

Thus, on May 15, iHodl reported CMC had updated its ranking system by adding web traffic, a metric that some people say benefits Binance.

With this new update, CoinMarketCap has introduced its new "Confidence" metric, which uses an automatic learning algorithm to examine all the data included in the CMC "to determine if the volumes reported by exchanges are inflated, and to what extent."

CoinMarketCap has also added a new default ranking system for market pairings across the platform that replaces the current metric of volume for default sorting.

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