CoinMarketCap, a foremost cryptocurrency data provider has launched a new metric called “Liquidity,” which aims at combating fake trading volumes.
The Liquidity metric has gone live with rankings of market pairs and top 50 exchanges. An example cited by The Block Crypto shows that Singapore-based exchange CoinBene, which was ranked at the top for 24-hours volume figures, has been replaced by Binance during the same period, with the Liquidity metric. CoinBene had $1.2 billion worth of trades, while Binance just over $600 million.
CoinMarketCap announced the news today, saying that the new metric replaces “Volume” and serves as the default standard for ranking cryptocurrency pairs and exchanges on its website.
The cryptocurrency data provider lists over 2000 coins and tokens with Market Cap, Trade Volume, Price, Seven-day Chart and other relevant tabs to keeps the crypto community in the know.