Crypto.Com CEO criticizes CoinMarketCap for underreporting trading volume

Kris Marszalek, CEO of the crypto exchange Crypto.Com, has criticized the data aggregator CoinMarketCap for incorrectly reporting its trading volume tweet on Christmas day.

“Merry Christmas CoinMarketCap, who arbitrarily downgraded our exchange to 14th place with a wordless tweet.

We’re 2/3 at CoinGecko, so you know where to look for real data and the market is neutral. ”

At the time of this writing, CoinMarketCap ranked CryptoCom 15th with a trading volume of $ 1.4 billion in the last 24 hours.

Source: Coinmarketcap

Meanwhile, CoinGecko reports its trading volume of $ 2.5 billion, taking second place.

Source: Coinecko

The tweet Marszalek was referring to came from December 15, when there was a “back and forth” between the two parties that eventually ended with him claiming he was working on “the unreliable price feed” CoinMarketCap -To remove trust from the platform product.

The main reason for the complaints seems to be the glitch CoinMarketCap had at the time.

In front, Bitcoin magazine reported a bug on the CoinMarketCap website that showed inappropriately high spikes for major cryptocurrencies, affecting all crypto services that rely on their data to display market prices and fiat balances.

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