Bitcoin Forum

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Thats very shallow accusation. Of course these developers are knowledgeable as well of cmc listing fake exchange volumes. The good side of Binance acquiring CMC is the probable improvement with its features. You know how efficient Binance when in terms of progress. They always wanted to forward and advance their standing on competitors. Not sure if the deal with CMC will push through but this is probably one good news for this year in spite of covid.

OP is right, it's not a wrong accusation, coinmarketcap lists on bad exchanges as well rated exchanges, developers won't listen to anyone if you try to earn them, maybe it's because CMC gives such exchanges good rating? I though it would be after after CMC introduce liquidity rating but it's not

CMC is a useful site for crypto community, CZ knew we kept using it and they will offer amounts for it to be acquired. Thye also knew the ratings there in CMC are too much to be true which I guess they are taking over it for it to be more transparent. There is something to be done in CMC for the market to recover and I suppose we all can see Binance are doing great job in making negotiations to buy and acquire properties. They certainly can make improvements of CMC and provide real and correct data.

according to coinmarketcap these are the 3 exchanges with the most volume:

1- Bilaxy

2 - MXC

3 - BitForex

source: https://coinmarketcap.com/rankings/exchanges

who uses these exchanges?


it really starts to see that things are very strange, there are exchanges that I never heard of that are at the top in the coinmarketcap ranking

perhaps now we'll meet the new top of exchanges on cmc
1 - bi
2 - nan
3 - ce

I don't know much about MXC but bilaxy and bitforex having the best trading volume is a big lie, bitforex is well known for fake volumes and many new projects that end up there are not doing well at all, I'm pretty sure that CZ will do a wonderful job on Coinmarketcap

That's why after binance has bought CMC and all of those shitty exchange sites will be removed instantly. Some developers were also getting trapped on the crap exchange site too. They are getting scammed by paid to be listed on IEO but the result is not like what they have already expected. I will say that if all of the crap exchange sites must be removed.

Clearly coinmarketcap is supporting scam and fake volume exchanges. How can these exchanges be at the top of this market with a small number of users? I went through these exchanges and saw that no one was trading there, most of the trading bots and it caused the volume to skyrocket. Hopefully in the near future Binance and CZ can fix this problem when they have ownership of coinmarketcap

CZ taking over it might be healthy for the site. Perhaps most of the accusations and allegations raised concern the site will all be rescinded. It is really on great concern to see those sites that do not worth being at the top, to be seen there. I just hope CZ does not also use it against his competitors because that is another issue.


Most of the times, when I go to use Bitforex, I almost get frustrated, because I might not be patient enough to see fake volume just popping up, with no real trade.

I do not really want to blame CMC,,, I mean if project developers still want to take data from a source everybody knows is not accurate, I would blame the devs, not CMC. I mean, why go to CMC and trust them when they should be doing their own resources? CMC is not independent and takes fees like most other sites, right?

This is a big development, we'll see if the new management will change the current setting and we will see the real standing and status of various exchanges, if we can see the real volume and the right exchange are only get listed, in their platform then we will lessen projects that are getting listed in exchanges where volume is questionable.

I'd blame the project developers if you ask me. It's always recommended to get information from more than one data sources. Given the fact that the general consensus is that Coinmarketcap is shady in their dealings and listings, They should've opt for other top exchanges. Even the average crypto user knows the best exchanges currently available in the space and they're nothing like Coinmarketcap's top exchanges.

It's a known fact that Bitforex, Bilaxy and the likes practice wash trading.

It's harsh on coinmarket cap to be accused just like that yeah maybe they put out wrong volumes but there aRe also exchanges which do wash trading and fake volumes to attract more traders to them. It would be tough for some outsider to catch these wash trades and report them accurately.

Binance owning Coinmarketcap is enough of a reason, why I wont use it anymore. Information like that is very important to keep decentralized. Sooner than later, we'll see Binance ads all over Coinmarketcap, CZ controlling it will lead to competitors being removed from the site itself perhaps.

I'll use Coingecko instead, which has been far better in terms of actually removing wash trade exchanges from the list of "most popular exchanges".

I hope DEX's will be listed, and actually recognized eventually as well, as it's probably where we're heading next. DEX's allows anyone to trustlessly exchange without undergoing KYC, for this reason alone, I'm buying Blocknet coins while they're cheap.

My once high respect for coinmarketcap is no more since coinmarketcap start supporting fake and scam projects including scam exchanges with fake volume and watched trades, imagine giving p2pb2b exchange a good rating whereas it's scam exchange

Coinmarketcap has been leading this industry for quite sometime now with their fake values. I remember sometime back in 2018 when they had a bug which made most coins increase over 200% without any actual trading volume.

hopefully as soon as the coinmarketcap problem can be resolved so that no more novice investors are trapped by the exchange of fake volumes.

There is no problem to be a fan of binance or cz or both, but it is wrong to falsely accuse coinmarketcap. They have terms and conditions as regards token that can be listed there.

Away from that, coinmarketcap needs to maintain its in-dependency from other exchanges, that is the beauty of decentralization.
Binance should remain binance, while coinmarketcap should also remain independent.

We can't have an exchange platform control the whole market price and volume platform.

My advice is to stay away from CMC. Fortunately there are many alternatives and it is wise to check different ones and compare them to each other so you can take your own conclusions. There have been many complaints about CMC not being trusted and faking volume, and now with Binance acquiring it I expect to be much worse.

I doubt that you need to blame the CMC here. I am sure every sensible developer approaches the issue comprehensively studying all sides of the issue, including incorrect data from the CMC.
The primary reason that developers choose shitty exchanges is greed, they want to go cheaper on the exchange leaving most of the money to themselves.

Well we cannot say that coinmarketcap is directly related with fake volumes because it is the exchanges that either use fake trading bots just to display boasted volumes on their exchanges, some even temper the stats to show that they are ahead of others in some pairs, i think this is happening due to so many exchanges and competition being tough so cmc cannot be blamed as it just uses simple APIs to fetch data from exchanges so they show whatever they get from these exchanges.

That's The different between real developers and those scammers who are just after with investors money, for concerned and true to their works finding the right information and use all the data that they will be able to take advantage for more progress of their projects will be collected.
For those who are here to scam they will not be concerned about anything as long as they've done listing the project then they're free to runaway.

You are right that fake volume problem is not all due to coinmarketcap, but some time (last year) there was someone who sent proof of a conversation about a transaction made by an exchange owner to cmc site owner and after the transaction was successful the exchange was very easy to enter the top 10 rank on this site, I don't know if the accusation is true or not because the person who sent the evidence suddenly closed his Twitter account, but judging from the many exchanges that have fake volumes that have high ratings there, I think it's true but I also still doubt about this.

What a false accusation, what Coinmarketcap never try to suppress or promote any exchange, what they do is that they arrange them in the order of trading volume, which to me is fair, why do I need to go to an exchange with no liquidity.

The fear of many people is how Binance is going to use coinmarketcap to their advantage  now that they have bought it.

I do not think that the people behind new projects or startups are so naive that they fall to statistics from just a data display paltform, the team should be competent enough to do their own research not only about volume but also active member base and the reputation of the exchange platform in the market but this can happen only if the team is really serious about their project and do not want to make even one wrong decision for their project and supporters.

I have heard that Coinmarketcap will be bought by Binance, this could lead into Binance's total monopoly and that would mean nothing good for the crypto world.   ::)

This will make everyone more sure to leave coinmarketcap, but there are still many fools who use the data from coinmarketcap as their reference to determine whether a project is good or not.

let's see when we get there. are they going to be biased or not? will there be a third party to audit the figures in CMC? I think they will employ auditors this time because people will always think that they can manipulate the numbers if they don't have the third party non biased auditor. But if this will gonna push thru, BNB taking over CMC, definitely there will be improvements. I am just wondering why BNB decided to acquire CMC?

No doubt, binance brought with it a lot standards that have really reshaped the entire cryptocurrency market towards more sophisticated trading experience. He once called out exchange and CMC for the fake volume being reported as they have a dent on what the entire cryptocurrency market stands for. With this acquisition, I'm sure binance will provide a better scripts and APIs that will record real volumes and statistics across cryptocurrency market. We are about to witness a major disruption to cryptocurrency market

Don't rely on rating coz most of them are paid reviews. If we want to use trading platforms better to choose that once existed for a long time and has a huge market volume. If that new project seems to be not listed out there, that gives no option but to take the high risk. This is really hard for a new project to survive because they are not listed on the top exchanges and might it happens that they are just ignored by traders and investors as they more focus n the top, not the lower rank.

Volume or security any way you check, Binance is the top one. Even in coinmarketcap has low volume, new projects has main focus to get listed Binance exchange, some even can't bear rules and cost. I think devs are smarter than us, they did it because new investor satisfaction. Binance can't support poor idea or inexperience team project.

That's what I were thinking in the past. It's better to remove the scam exchange sites rather than keep it on CMC. I personally no problem to see binance will try to do a small manipulation on its CMC.
It's better to make everything clear to save the new comers from the misleading information that has already created by CMC

There is a twist to your understanding, the developers always look for exchanges that will list the coins with a minimum listing price, if you seriously think that these developers are not aware of the good exchanges in the market to list then they are not a good project, it is as simple as that  :P.

CZ is trying to control the entire market taking over every business and we will see a monopoly and they are even planning to launch their mining farms.

I think most new projects developers choose low exchanges because of low listing fees, although I've come across a few projects that raise hardcap successful and still choose a small exchange and when I asked why the team member replied that the exchange has good rating on coinmarketcap, so I can say you are half right OP

Why do you say? Are you also one of Binance haters. Why would they leave a useful data source for trading. One thing can benefit users here is the fact that Binance will improve CMC. Believe it or not but that is the good part of their deal. Im also expecting a change like the fake volumes of cmc on different exchange that are noted and listed. Maybe we can see a true coin and token tracker once they are improvised it.

CMC may have different factors to rate exchanges which may or may not be correct in your opinion. If DEV of a project list their coin based CMC rank, they don't deserve to be DEV.They should have checked everything with their criteria than CMC. All the information of exchanges are public and there's no need to depend on CMC alone.

if the rumors are true and binance is taking over cmc then i think in terms cmc listing we may see some improvements as most of the shit coins/tokens will not be listed (hopefully) and i hope they show the real exchange volume for all other exchanges as well and don't manipulate the data for any personal gains. Lets see how other major exchanges see this move

It is still unclear whether binance will buy cmc or not and it is generally not known what are binance plans for cmc, but I think cmc will develop much faster for sure and we hope that the fight against scam projects and scam exchanges will be much tougher.

We'll see how CZ will take action with that problem. A lot of people were misled by the ratings given by CMC. CZ might retain the reputation of CMC for taking over it and will start to eliminate those projects and coins that shouldn't be there. If he does that, many will start to look forward and follow every decision that CZ will do from that day and with every move that he does.

It's set to be acquired by them with a price of around $400M.

Honestly, if I got 400 million dollars offer from Binance I would totally sell but if I am binance I would stay away as much as possible. Buying CMC will not really worth a 400 million dollar investment for them, it would be great if they could buy outright all of it for under 100 million dollars, the website has a HUGE visitor number and all by itself worths a lot of money itself, but what is the benefit to binance itself? Will they just have ads of binance all over it? Is that it? For that they could buy a lot more advertisement honestly.

However, if they want to keep the integrity of CMC and keep it going like it is right now and maybe improve it a bit, they should buy it, just not for that price, it is way more than it deserve as it is right now.

New projects knows the right thing to do. Cmc ratings sometimes might not be accurate because if information given by the exchange themselves. But any serious project will visit the exchange and make more research to see the real truth. However, a modification is required to correct any misleading from irregular data's.

Some who have been here enough understand those ratings on CMC are nothing but fake volume as a result of bot trade. Binance led by CZ should be able to weed off fake volume exchanges and take them to where they belong if they continue to mislead the public, no option than to delist them from CMC.

Got a point. But we cant blame a long time running platform that certainly trusted by many. I am wondering, how many projects listed on CMC are just products of manipulation? Well pretty obvious that most exchange there are just doing wash trading, what I dont like is CMC still recognized the volumes and that made the platform unreliable when it comes to reference. I am sure now that Binance is a co owner of coinmarketcap they could improve it and make changes on their system especially on listing those exchange that doing manipulations, or might be better to remove them from the list of exchanges. What is the point of ranking if its being cheated.

In my opinion, coin marketcap is just a website that contains information about tokens and coins as well as the market where the tokens are traded in addition to information about transaction volume. Coinmarketcap will not verify whether the tokens are shitproject or not because they are not their capacity and I think after Binance took over this website, there will be changes

first time I found out about the coinmarketcap site is a trusted site as well as displaying original project data or some coins with real trading volume but now there are a lot of crap projects listed there, somehow the story is I hope CZ can solve this problem as soon as possible. if this continues, there will be many more trapped there.

In the last period of time, the performance of the CMC did decline in my opinion, because many registered projects that were bad and really not feasible. Even more decent projects are not listed there. In addition, CMC site visitors are increasing and this will certainly be misleading. By now CMC has been acquired by Binance, hopefully it will be better and not only for the benefit of Binance.

I still think CZ taking over cmc is not really a good decision, it will showcase all binance as good and it will show all competitions of binance as bad and some other small places as good as well.

CMC is not good I agree with that and right now it is not really ran very well, someone should take over and make that place better again, however do we really want that person to be an owner of an exchange? They will simply just show the world how corrupt it can get, that is about it.

Honestly, I would prefer someone who is totally unrelated to crypto to take over, I know it may cost some money but if you buy CMC and not related at least you will become more transparent about it and people will still use it and you will make that money back somehow anyway since its a very high traffic website.

   CMC has been accused about many things in the past, I wonder why CZ decided to do this, there are better sites where he could invest
or he could make his own site, I wonder what is really behind this.
   This news about acquisition surprised me, who knows what is the story behind this. We will need to wait and see, in some time we will
hear more news about this, and only then we can create some opinion about all that. As you say maybe CMC will be better site now
with new management.

yes that's right with binance taking over coinmarketcap, scam project will be removed and this will make coinmarketcap  list of the best crypto projects

I am really disappointed at the performance of coinmarketcap (CMC). There are a lot of fake volumes are calculated and low qualtiy exchanges are up place by fake ranking. I have many times observed fake volumes, fake pump. If Binance will take over cmc, it will be better for cryptocurrency market.

I do not think CMC misleads in the way you have described it. The problem is that most people on their own think that whatever tokens that makes it to the CMC is good for an investment. There are exceptions to this. And there are exceptions too with Binance because there are also shitcoins listed on Binance.

It's over now, CZ is now in control of Coinmarketcap and before we start seeing new things get implemented into Coinmarketcap it's will take few months but the possibility of change is high

When I started to participate in this market, coinmarketcap helped me know a lot of projects here, but after a period of operation, their quality went down, there were too many scam and fake volume projects. currently on site. I believe that after Cz acquires coinmarketcap he will do everything better like other projects

Looks like CZ decided not to buy CMC after all, or at least put a hiatus into it during this pandemic. People are visiting CMC a lot more these days because everyone is at home and more screen time they get more money CMC will make so it is getting a lot better for CMC right now, they are making a lot more profits.

However one thing people are forgetting about is the fact that Binance has been making a lot more profit as well, and I mean A LOT more because right now there are a lot more people staying at home and the people who didn't had time to actually go into trading full time, will have chance to do so right now because they are all at home. The deal can still go through, maybe tomorrow or maybe in a year when all of this is over, but it looks like both sides are trying to survive this pandemic first.

It is not Coinmarketcap's fault that it shows incorrect trading volumes on cryptocurrency exchanges. Coinmarketcap simply transmits the information provided by these exchanges. These swindles are engaged in by the exchanges themselves to attract the attention of new participants.

I don't believe that Binance is only ranked 22th https://coinmarketcap.com/rankings/exchanges/

I can understand your thought and you are 100% right about it. It's a foolish move to follow CMC or any kinda coin market cap website. They are not running there business smoothly. So it's better to find details about project's coin on your own. Do your trade those kinda exchange which are trust worthy. Otherwise you'll be fooled. Here (https://bitcointalk.org/index.php?topic=5198316.0) is a post i made about CMC couple of months ago. Hope you can find more info there.

I don't think so. Why should CMC manipulate the API data which sent by exchange's order book? Wash trading and fake buy/sell walls are not created by CMC team.

I think i have witnessed cmc errors once before, where you come online, check the market caps and see a token in good prices, only to visit the exchange and realize that theres no equilvalent volume or corresponding volume.

I urge newbies, to always stay calm whenever its time to trade.

CZ already confirmed that they are going to acquire CMC after-all. We might see some improvements and removed shit projects being advertise on that platform so I'm expecting a big change when they take over. There could be no API manipulation, they are just pulling the data from every exchange. However, if there is a reported fake volumes on exchanges being shown in CMC then they should do some due diligence to check everything before displaying in their service so that no one will be mislead by it, specially shit projects and scam exchanges.

Then, this is to hope that CMC will have a change and shows data that can be trusted.
I believe this is all about money and money talks as well. It may be since Binance CZ will soon to manage CMC, there is no such thing to happen in order to regain their reputation. It is all that people are now be needing clarification about the issue and so they will be enlightened about what they could expect from them.
Because if this will continue, it will only create doubts and it lessens the numbers of traders and investors.

I am not sure but I think you can get listed on the top in CMC by just paying them. CoinMarketCap considers this as their "advertising service". Though, I might be wrong, but yeah, many shit exchanges do get listed as a top exchange.
But, are the developers this stupid that they will fall for the fake exchange trap and list their coin over there? If they are, I would say their aren't capable of being a developer of a project.

What do you mean CoinMarketCap gives bad exchanges a good rating?

Are you talking about the trading volume?

Pretty sure nearly every project worth bothering with has an understanding of wash trading and fake stats. Everybody has seen the exchange transparency reports released by BTI....

The only reason projects list on crap exchanges is because they're cheap and/or free, and they couldn't' get listed on a good one. Don't you think these projects try to get listed on the likes of Binance, Kraken, Bitfinex etc? Of course they do, but they get told to F... off because they're absolutely trash.

Trash project = trash exchange, it's as simple as that. If an exchange doesn't think they're worth listing, why would they be worth investing in?

I partly agree with you but there are several questions that should be asked from CMC. The wash trading data is not filtered and sometimes the funny numbers pop up on the screen when the shit exchange volume surpasses the daily volume of Binance. Let's see what Binance CEO will think about the infrastructure of the CMC, Coingeck is still my favourite coinmarketcap website. The ranking in Coingecko is a hell better than CMC and the sorting the best coins makes it better in my mind.

Please mention the name of the exchanges! You must make it clearer by mentioning what exchanges you mean. I doubt you only think about the rating subjectively. So, let me know the name of those exchanges that you think the ratings have been misleading people. Let's check them together.  ;)

Yes, it has been taken over by Binance. For me, we cannot expect too much since it is still very beginning. Let's see what CMC is going to improve after the acquisition. We still don't see any major plans so far unless the rumor of the leadership change at CMC.

I see sites like coinmarketcap just trying to do their job to be recording all data transactions in the form of trading volume or total supply and of course the data is obtained when there is a team from the platform that provides data to coinmarketcap even though like that some of the cases that often occur in coinmarketcap are accuracy of the data displayed.

I don't think so. If you are having the key to open your house and you can open your house and you can do anything what you wanna do. The result that has already published by CMC is not event he same with another marketcap site while other marketcap sites than CMC have published the same result. How is it possible? it's a manipulation.

Honestly I'm starting to think that developers choose low rated exchanges willingly, devs aren't that stupid to ignore binance or gate for p2pb2b, they knew what the end result will be right from the start, for me any project that chooses low rated exchanges can't be trusted

This will continue as long as coinmarketcap uses the data provided by cryptocurrency exchanges. Everything will change only when coinmarketcap develops its own estimation algorithm to measure trading volume. This will attract even more users and raise the rating of the exchange Binance on the crypto market.

This is likely to be what the point is. If cmc collates trading volume data from different exchanges, they don't have any choice than to make publication of what they have been given. Not until cmc gets direct access to volume trade by having access to the exchange.

Good on CZ Binance to acquire CMC. But I fear that even after the restructuring of CMC to remove fake trading volume and bad exchanges, those bad exchanges will try to set up their own CMC but playing with their rules instead.

Maybe or maybe not.
I've known Binance since my first day of day trading, and I would be surprised if their takeover would lead to just a flat result before they even got CMC.
I never knew that CMC were listing shitcoins still, and good thing I don't really tread too far below the top 10 coins there.
Sometimes traders should also not just depend on someone to eliminate these shitcoins listed but instead use their diligence also.

CMC is slowly losing it's reputation in crypto industry as a brand they should not mislead new projects and they should not allow the scammers to list their coin on their chart, they need to come with some strong quality foundation to make it more familiar to the investors and traders if this happens I am sure the shitcoins will be removed from the list.

stay away, when you see or feel something suspicious there. but if you stay away just because of FUD I don't recommend it. it's important for anyone to be vigilant, I mean even though the CMC website displays valid Coins data but not all of them are true. You need to research in more detail before making a decision. related to that I also hope that if Binance CZ takes over this will fix the CMC site again.

On one hand it is true on the other it isn't; that is, first, coinmarketcap gives credence to exchanges which are not well known or prominently used hence might be one of the reasons new projects uses them for IEO or direct listing. On the other hand, new projects are meant to make their findings as well, check the exchange they want to list on for IEO and know the status of success so far or check the exchange they want to list directly on and know how users see it, their actual volume, user base etc; these will go a long way in helping them to decide.
So therefore, just as investors make their research about projects they want to invest in, in the same way, new projects are meant to make their research about the exchange they want to list on.

you are not fully right.i think good project team also knew what is best to do but to get listing on top exchange like huobi,bittrex,gate needs huge fund and a strong team.

hope CZ Binance makes a difference to Coinmarketcap and only listed good projects with potential,
I'm sure if it is done by CZ then the world of crypto currencies will improve and get better

Perhaps all those things will change now that they have new owners onboard,  many people where already pointing this flaws out, cmc was no longer accurate with its data, not just bad exchange where given good ratings also some undeserving project where getting listed on cmc so fast, I really hope with this new development in the company they will redeem their reputation so that people will start trusting them as before.

Indeed, if you see the list of top exchanges here : https://coinmarketcap.com/rankings/exchanges/
the 5 top exchanges doesn't sound familiar, is that really true they are top exchanges ?
The devs of the project should aim the exchange with real volume so they can reach the real users.

I think it is necessary to give accurate statistics to give investors a better view of this market because in this list are the exchanges with fake trading volumes. In my opinion, Binance, Okex, Huobi should be the top 3 exchanges in this market because these are the exchanges with the most investors participating and the liquidity here is much better than the other exchanges. Coinmarketcap is not reliable with me anyway and I only believe in my judgment.

It looks like you didn't even watched the old news related to this acquisition before. CMC will be running independently without any intervention from the binance. Nothing changed and again nothing changed. Im not even seeing any differences between before and after the acquisition.

It's either developers and their marketing team are naive or they plan to scam from day 1. Why go to exchanges like Latoken, P2pb2b or even Vindax for IEO or listing? when you know it's a death sentence on your project or they don't even care about the community reason people must avoid them all.

CMC is just a promotion site and they make money by advertising projects and exchanges. Fake volumes are recorded by them. It is important that for project analysis we cannot use CMC data. We should know that where is a bad exchange and the first is a good exchange to invest properly. and in accordance with the rules of finance, the inexperienced and lazy people will be eliminated. ;)

Any project that chooses low rated exchanges do it knowingly, it's not because they are misleaded by coinmarketcap but they avoid going good Exchanges because of listing fee, it's very cheap to go p2pb2b exchange and others like it

Actually that's the CMC fault in setting the coin rankings, should they have to distinguish which coin is good in every top stage as many new projects are coming in and the value is not so good but the coin is in the top rankings, and we are often deceived by this problem when investing, hopefully for the future of CMC can solve this problem.

It's a difficult think to rank exchanges based on their volumes as not everything goes through API and many of the volumes are actually fake from the exchange or a third party. Coin rankings are fairly correct. They ranks them by price and total marketcap which is not something that could be hidden for a tradebale blockchain based coins.

he was taking the banner that always appears on the site as his main consideration to say that. The fact this has still become a very good site to be used by all of crypto users but the problem is too much manipulation that happened on the volume that already published by CMC and at the same time, this becomes a promotional site too for the new project.

But with coinmarketcap, we can find the information out about the coin we want to buy.
If we don't trust coinmarketcap 100%, we can go to the website link provided by cmc and do our own research about the coin.
About exchange rating, i don't think it is 100% real and we should only using the exchange we trust and most people trust on.

i think you ar ethe who is misleading.. those developer have an extensive research about those exchange as well where their token can be listed! do you think these developers want their tokens to be listed in a crappy exchange?

coinmarketcap has ups and downs both in the rating of the exchanges and in the rating of the new projects / ico but fortunately now it is no longer the only point of reference in the sector, coingeko is improving a lot and has become a valid alternative

indeed some of the data in cmc is not accurate many say that it is more accurate to look at coingecko both from rank, daily volume, exchange and others.
but if only to see the price of btc and some alt I think there is no problem.

That is actually true, those developers have their own knowledge on what exchange is good enough to list their coin. Aside from that, CMC is not the only website that they can use to find a good exchange, I am sure they know some sort of websites that can help them to find a good exchange.

If they were smart enough and they will never take those scam exchange sites to list their token. FYI, there are so many or even 100% token that launched on the crap exchange sites like p2pb2b were scam and again that crap exchange site are still placed on top rank CMC based on daily trade volume. Dude, that doesn't make sense to happen but that's the fact.

In my opinion, coinmarketcap collects data on tokens and exchangers based on reports. But in my opinion the information contained in coinmarketcap is quite complete, regarding the existence of registered scam tokens, I think website visitors also need to inform them to avoid missleading

It doesn't make sense that dev, which consists of a professional team, only makes CMC the only basis for choosing potential exchanges for their projects. They should be able to read and analyze more dominant market interests where. I think the shit project is only looking for shitexchange with cheap cooperation costs to make bait.
Whether it's true or not, what is clear is that CZ is committed to fixing some aspects that disturb the community. Let's wait for its development, I'm sure there will be changes that make the CMC become more "clean"

I agree with you fake volumes were created by exchange than i think coinmarketcap should filters those data which is received from exchanges, cmc exchanges rating is weird. Coingecko divided in two factors normalized volume and real volume. We will find liquidity exchanges much easily.                  

Can't stop laughing right now, how can bilaxy ,MXC, and bitforex have the highest trading volume? People don't use this exchanges compared to coinbase, Hitbtc, binance, Okex ,huobi etc, CZ had a not of issues to fix on coinmarketcap really

agree, i do not even look on those numbers on CMC, just use it as a reference for current and historical prices for crypto currencies, volume on cryptos and exchanges on CMC could not be realistic, it is just too much of volume for these market conditions

I agree with you. The value of any crypto coin is affected by CMC's rating. It has been alleged that the CMC has brought the bad projects to the forefront in the ratings by committing irregularities in some cases. Hopefully in the future CMC will amend this issue and earn people's trust. This will improve the crypto world, including CMC.

I think what the OP was trying to convey is that CMC was giving inaccurate information regarding exchanges, and since the coin developers have been choosing their exchanges according to the info from CMC ratings, they are somewhat misled with that info. However, I think as a coin developer, you should not rely on those info as it has long been known that they are not credible to refer on. Also, the success of the project doesn't depend on the exchange alone, it depends on the dev team themselves, whether they want to develop it for real or not. They can always list their coin to another exchange if they found out that there's something wrong with the first one.

I don't know where they are getting the volume from those exchange who seem to be not popular at all.
I've seen those and I'm not well convinced that those names has the highest volume of them all.

There has been serious discussion of Coinmarketcap fraud since the beginning of 2018, when the first accusations of providing false information to users appeared.  so far, no one is talking about the real results of the fight against the manipulation of cryptocurrency data.  Of course, this is a very bad situation, because quite a lot of promising tokens have suffered from such a resource policy, and some have generally benefited from such manipulations.  There are high hopes that the purchase of this resource by Binance will bring a certain order to the analytical resource CMC.

I don't think a team that has a project to run does not conduct an investigation of the exchange they are planning to list their project for IEO.
I expect them to be smart, not a newbie in the crypto market, we can't blame the CMC here, they are just providing data but it's not their job to verify the data provided by a certain exchange/s.

If you are after with correct information then doing your proper research and not just relying with one place to base your ideas should be taken place. CMC gathered information based from what they've collected from each exchange and projects that submit to them, analysing everything should be in the place of the project teams and potential investors.

I decided to pick up several price trackers to compare their common feature: watchlist.
I took CoinMarketCap, CoinGecko, and tokenncoin.
Crypto Market services have their pros and cons.

CoinMarketCap (https://coinmarketcap.com) has a minimalistic interface but a narrower set of functions.
CoinMarketCap's watchlist is displayed as a list. To add a coin, you need to press options on the graph with a coin and choose 'add to watchlist.' It's not handy to click so many times. Better would be to add some symbol to click it once.

CoinGecko (https://coingecko.com) offers more metrics and sections but lacks a subsection with crypto-lending interest rates and something similar to CMC's Historical Snapshot page.Watchlist is depicted samely as on CMC. But here they have a star to add a coin to watchlist. It's convenient. But to make you watchlist you have to sign up.

Tokenncoin (https://tokenncoin.com) is a one-stop market research platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market.
Tokenncoin is a platform that ranks and analyzes all the blockchain-based coins and tokens in the crypto market. they cover all the necessary information about the thousands of digital currencies that exist and are new in the market. Tokenncoin caters to all the research demands of investors, traders, and crypto holders.

CoinMarketcap after acquisition from Binance, Experts believe that is a sign that the crypto industry is dealing with the ongoing market collapse well.

Have you heard of liquidity ranking? I doubt if you have because you can either check volume or liquidity ranking on cmc. Also note that those exchanges with fake volumes which appear at top on cmc exchange section doesn't mean they have "good ratings". Any project developer who goes to cmc, then decides to list on an exchange because of volume rankings is not a good project dev in the first place, what happened to research?

I don't know how truthful this accusation is. But to tell the truth, this is something that I feared for a long time. When I first read about the acquisition of Coinmarketcap by Binance, this was one of the things that came to my mind. Binance should have never made this acquisition. We lost an independent website, which was useful for all types of cryptocurrency investors. I guess now we'll be forced to rely upon sites such as CoinGecko and Live Coin Watch.

Didn't you aware even if p2pb2b, coinsbit, and many scam exchange sites have been placed at the top ranked of CMC? it looks so funny to see that this site has already turned into the garbage site.
CZ brings nothing to the future of CMC. Im sure about that

You are right, CMC has nothing to do where a specific project will be listed at.
I don't see any reason why they have to be blamed for some unfortunate events that may possibly happen to a coin.
CMC is just one reference to look at, but it doesn't mean you have to believe what they are offering to the community.
They know the reputation of CMC even before Binance bought it, so why would they rely on this site?

It is a complex problem, you don't have to blame just Coinmarketcap, because devs are also responsible for what steps they are doing to develop the project. I will never go to trade to exchange if i won't check all info about it. So, it is easy. But, yes, fake volumes problem is frustrating, hope it will end soon.

the problem of fake volume has been an old problem, I think CZ can overcome that easily, maybe the data will be sourced from Binance, which we should be aware of is indeed a new project, Coinmarketcap must be firm with new projects and not as easy as putting the project on the list !, C'mon, Coinmarketcap must make a difference

Are you afraid that Binance will use Coinmarketcap for personal purposes? I believe they will never do so, and if they do then they will never impact users. The top criteria of Binance is always to put the interests of users first

CMC is known for having wrong data but they are basically putting that responsibility on people (traders/investors) and the exchanges. They are basically saying "this is the data we get from the places and we are not responsible for checking how accurate it is".

If some exchange tells them that they have a billion dollars in trading volume, they do not have the responsibility to check if they actually have a billion dollars trading volume or 10 million, they just basically say you "this is what they say they have" and get out with it. I can't say they are too wrong neither, the moment you try to politicize the exchange world you need to do it for ALL exchanges and not some of them, which would be very very difficult even for a company that big.

It is true that CMC is very bad in this regard but there is no other way because there are thousands of exchanges in the crypto market and control will become more and more difficult. I think one way or another, you should check yourself and choose only exchange investment with good liquidity in the crypto market. It is best to choose large exchanges that are encouraged by people to use.

You know mate, I think those legit project team members are not stupid to easily believe with those fake data and information from CMC. I believe that they know it already but they are just pretending and just ride with the flow. Because thats how the data and market insight listing works from those cryptocurrency data providers like CMC, CoinGecko, etc most of the data is manipulated like volumes, price, etc. so it is normal. but I also believe that there is an exception with those legitimate and fully compliant projects and cryptocurrency exchanges.

Every crypto tracking site is doing that but that doesn't make anything legit. They have responsibility to provide most possible accurate info to the users which they don't do while Coingecko have a lot of metrics to provide info as much as possible.

In my opinion, Coinmarketcap is still a reference for new projects and investors in investing. indeed lately Coinmarketcap does not work optimally as before, for example, they let an exchange with a bad reputation on their site so that it makes others experience losses when investing.

are you trying to say that the devs or project team don't think straight or what? any new project team or dev supposed to make a deep research on exchanges they plan to use. coinmarketcap is not supposed to that for them. if they saw the data set up by CMC, it is their job to be sure the data are correct.

I agree with this. CMC rates the exchanges on the basis of volumes trade which could be fake. They have no way of verifying it perhaps? I agree that it is their duty to research but maybe they want to ride with the data by CMC since that data will also be viewed by the investors and will help them as well.

Still it is a little bit risky for projects.

Verifying could be limited only by looking at what the exchange will provide, so if the exchanges shows they have 1 billion 24 hours volume, then its the volume that will be listed in CMC...

If people understand how programming works, they will understand why CMC only provide data that is available in a certain exchange.
and that's the only way on how CMC provide an update data because if they'll verify further that will take time and that will not be able to provide as timely information.