CoinMarketCap is a cryptocurrency data tracking platform founded in 2013 that provides real-time crypto asset market data, including price, market cap, trading volume and other information. Its name consists of ‘Coin’ and ‘Market Cap’, which literally means ‘Coin Market Cap’.
Main Functions
Market Data Integration
CoinMarketCap integrates data on thousands of cryptocurrencies, allowing users to view market capitalisation rankings, price change charts and market pairs for each currency. This data allows investors to track market dynamics and understand the performance of each digital asset.
Cryptocurrency Rankings
The platform provides market capitalisation rankings of cryptocurrencies. Users can quickly learn about the top 10 cryptocurrencies by current market capitalisation and view key information such as their price, 24-hour trading volume, and gains/losses.
Detailed Information Search
Users can click on any cryptocurrency to get more detailed information, including the trading volume, supply, price trends and official links for that coin. This helps users avoid potential investment risks.
Exchange Data and Ratings
CoinMarketCap also provides rankings and data on major exchanges, including information on trading volume, liquidity and fees, to help users choose the right trading platform.
ICO & Events Calendar
The platform tracks emerging tokens and upcoming ICO projects, providing investors with an avenue to explore new opportunities. In addition, CoinMarketCap provides a calendar of blockchain-related events to help users keep up with industry developments.
Acquisitions and Independent Operations
In April 2020, Binance, the world's largest cryptocurrency exchange, acquired CoinMarketCap, which nonetheless operates independently of its parent company to ensure the impartiality and transparency of its data.CoinMarketCap has become a widely cited and important source of information for cryptocurrency investors and the media due to its comprehensive data and ease of use. CoinMarketCap is widely cited as an important source of information for cryptocurrency investors and media.
