Crypto market data aggregator CoinMarketCap announced Friday that it has gone live with a new ranking system for market pairs.
As detailed in a blog post, CoinMarketCap will use a ranking system that combines several different factors.
The site explained:
“The market pairs of exchanges will now be algorithmically scored across three aspects — reported volume, liquidity and an estimation of an exchange’s user base (via the proprietary Web Traffic Factor) — and each market pair will have to score well across all three aspects to rank well. The triage of factors is expected to provide a more comprehensive picture of each market pair, ensuring that users make better decisions on where to trade.”
“Previously, the market pairs ranking was sorted by reported volume only, following the removal of the “adjusted volume” metric for simplicity,” the post added.
Earlier this month, CoinMarketCap updated its ranking methodology to include that Web traffic metric. At the time, the site said that it was continuing to update its site tools in a bid to provide better data.
CoinMarketCap was acquired by Binance this spring, as The Block first reported.
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