Cryptonaire Weekly Magazine Edition 152

Page 34

CRYPTONAIRE

WEEKLY CRYPTO investment journal

HOW TO USE COINMARKETCAP WHEN TRADING AND INVESTING IN CRYPTOCURRENCY?

CoinMarketCap is one of the world’s highly referenced websites that is used for tracking the price of crypto assets in the fast-expanding crypto space. The mission of the website is to ensure that cryptocurrency is easily discoverable as well as globally efficient. The site offers accurate, unbiased, and high-quality information to crypto users, enabling them to draw their conclusions.

BACKGROUND The brainchild of Brandon Chez, CoinMarketCap came into existence in May 2013. The platform has quickly expanded to become of the widely trusted sources by institutions, users, and media for comparing hundreds and thousands of cryptocurrencies. Given the portal’s growth & popularity, Binance Capital Management, the globally recognized blockchain firm acquired CoinMarketCap in April in 2020. With this acquisition, CoinMarketCap will tap into Binance’s resources to gather additional extensive data into their projects, thus minimizing the information asymmetry within the cryptocurrency industry.

Cryptonaire Weekly | October 13th 2020

34

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