Binance was the first exchange in the updated CoinMarketCap ratingCrypto rating portal CoinMarketCap has made changes to the ranking system of cryptocurrency exchanges, including the metric of web traffic in the calculation.

Binance Wins First Exchange Ranked by CoinMarketCap

Crypto-rating portal CoinMarketCap has made changes to the ranking system of cryptocurrency exchanges, including the web traffic metric in the calculation.

“In most cases, exchanges with large trading volumes have a large number of retail traders, writes CoinMarketCap on its blog. “Instead of asking exchanges to report user numbers, we decided to target web traffic, a good intermediate metric. Accordingly, we have added the web traffic factor to the current iteration. It includes a wide range of data, including page views, unique visitors, bounce rate, time spent on the site, relative ranking and keyword searches in major search engines. ".

At the time of publication, the first exchange in the new CoinMarketCap ranking is Binance, which announced its acquisition of the portal last month. CoinMarketCap will continue to work on improving the ranking system. “The current rating has a significant bias towards web traffic. It is not 100% accurate, but better than before, ”wrote Binance CEO Changpen Zhao.

In addition, the liquidity assessment system was updated, and instead of two pages where the exchanges were ranked according to the declared and corrected trading volume, one.

Earlier it became known that Binance was the most visited exchange in April.

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