We decided to launch Koinju at the beginning of 2020. You’re more and more to follow us on this journey and we thank you for that (👏👏👏). It is just a beta version but we are actively working on the next step. We first wanted to be sure that the crypto community would identify Koinju as a key player and attractive alternative to CMC. During several months, we collected community feedback about this beta in order to compose the most inclusive wish list and build it for you.
As you read in our latest article, Binance is about to acquire for $400 million CoinMarketCap. The first is one of the most important exchange platforms of cryptoassets. The second is a crypto market data provider, publishing prices for cryptoassets traded on platforms, such as Binance. This operation can be analyzed on the marketing side, because CMC can be considered more as a crypto website built to maximize traffic and advertising profits. In that way, this announcement seems logical.
However, if you consider that CMC can be a professional-grade data provider, such an acquiring necessarily raises questions. It invites us…
What’s the matter?
Is there a market manipulation issue?
Since its early days, Cryptocurrency exchanges have suffered from an exceptional fragmentation and lack of transparency in clearing and settlement mechanisms. Most Cryptocurrency trading compagny acts as a trusted third party in an unregulated space by only complying with their own rules in accordance with its main economic priorities:
Why is market cap such an important matter in the crypto space?
In regular stock markets, it allows investors to understand the relative size of one company versus another. Market cap measures how much a company is worth on the open and regulated market, as well as the market’s perception of its future prospects, because it reflects how much investors are willing to pay for a specific stock.
Due to the dominance of websites like CoinMarketCap, traditional financial metrics as a “market cap” have been used to analyze crypto networks and token projects. While market cap is usually a useful…
Koinju is an institutional-level data provider of cryptocurrency markets seeking standard market methods for price calculations.