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The CEO of “CryptoCom” Criticizes “CoinMarketCap” for Providing Wrong Trading Volumes

The CEO of “CryptoCom” Criticizes “CoinMarketCap” for Providing Wrong Trading Volumes

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Answer The CEO of “CryptoCom” Criticizes “CoinMarketCap” for Providing Wrong Trading Volumes

Chris Marsalek, CEO of the famous “CryptoCom” has criticized the data aggregator “CoinMarketCap” for incorrectly reporting the trading volume of the trading platform “CryptoCom”.

in Tweet It was published by the CEO of “CryptoCom” in which he criticized the “CoinMarketCap” platform for failing to accurately report the trading volume of “CryptoCom”.

And Chris Marsalek tweeted:

Happy New Year to the CoinMarketCap team who, a week after my reply to a poorly worded tweet, demoted our platform to 14th place.

We are 2/3rd on CoinGecko, so you guys know where to look for real, market-neutral data.

At the time of writing this article, CoinMarketCap has ranked the CryptoCom platform 14th with a trading volume of $1.37 billion over the past 24 hours.

Read:Bitcoin struggles to stay above $20,000 as Bitcoin balance on exchanges plunges to a very low level

Meanwhile, CoinGecko ranks it as having a trading volume of $2.83 billion, placing it in second place.

The “poorly worded tweet” that Marsalek was referring to dates back to December 15, when Marsalek pointed out the inaccuracy of the numbers and eventually ended up saying that they were already working on removing the unreliable CoinMarketCap price feed from their products.

The main reason for the complaints appears to be the bug that CoinMarketCap experienced at the time.

An error on CoinMarketCap showed abnormally high increases in the most important cryptocurrencies, which in turn affected all crypto-related services that rely on their data to show prices and balances.

Read:Report: Ransomware grabs $81 million in crypto since early 2021

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