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CoinMarketCap has updated its trading platform ranking algorithm, which is mainly based on spot trading pairs

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According to CoinMarketCap, the new algorithm is based on two parameters: spot trading pair ranking; The second is the relative credibility of spot transactions.

On June 4, Data integration platform CoinMarketCap announced that its trading platform rankings will be updated using a new algorithm, replacing the previous web traffic rankings.

According to CoinMarketCap, the new algorithm is based on two parameters: spot trading pair ranking; The second is the relative credibility of spot transactions.

The spot ranking is based on three metrics: reported trading volume, liquidity, and estimated user volume (based on web traffic). Relative credibility, a new indicator launched by CoinMarketCap on May 29, reflects NBSP; CMC The degree of confidence in the trading platform's reported trading volumes, the "credibility" indicator, is based on an algorithm based on data taken from NBSP; CMC The platform includes liquidity, trading depth, time, user base and other information.

Tempo BlockBeats has reported that CoinMarketCap's trading platform rankings were previously based primarily on web traffic rankings.