Leading crypto information website CoinMarketCap has introduced the launch of its new metric to match exchanges and token pairs based mostly on liquidity.
New gadget 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 reportedly incorporate information from 3000 crypto property.
Intending to filter out market manipulation, CoinMarketCap will reportedly base the brand new liquidity metric on adaptive information. Carylyne Chan, chief technique officer at CoinMarketCap, elaborated on the agency’s goals with their methodology:
“We believe our adaptive methodology will make our metric very difficult to ‘game’ as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.”
Liquidity > Volume
The agency stated that it sees its new metric as a method of escaping dependence on quantity reporting, which is commonly topic to clean buying and selling and different technique of manipulation on totally different exchanges. At The Capital, Chan stated that “volume has lost its value as a metric.” She additional defined CoinMarketCap’s want to shift focus away from quantity:
“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 article will probably be up to date if Cointelegraph receives extra data.
Other new instruments from CoinMarketCap
As Cointelegraph reported on the time, CoinMarketCap initially teased their deliberate liquidity metric on the finish of August, through which they cited Nov. 12 as their goal date.
In July, CoinMarketCap, alongside crypto information outlet Crypto Briefing, launched a brand new institutional-grade evaluation product referred to as Simetri. The product goals to offer verification and transparency in order-book information from crypto exchanges.
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