CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex

CoinMarketCap, the most-visited aggregator of cryptocurrency market data, has changed the way it uses data from the Bitfinex exchange in response to a report by CoinDesk.

On Tuesday, CoinDesk pointed out that a trading pair shown on CoinMarketCap – seemingly, for trades between the tether stablecoin (USDT) and U.S. dollars – did not, in fact, represent a pair that’s available for trading on Bitfinex. From looking at CoinMarketCap data, the ostensible pair appeared to be the second-highest by 24-hour volume on the exchange at the time the article was written.

In response to CoinDesk’s report, Bitfinex clarified that the volume shown on CoinMarketCap represented the sum of withdrawals and deposits of USDT to and from Bitfinex.

Continue Reading on CoinDesk

Like this: Like Loading...