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by gentaro 2271 days ago
You're underestimating the influence CMC has over the space.

They determine what exchange volume is legit and what isn't, also what coins are worthy of being listed. At the least, this gives Binance additional stability, at the most, they can really consolidate trading volume at their exchange and for Binance approved coins.
2 comments
Melting_Harps 2271 days ago
>They determine what exchange volume is legit and what isn't, also what coins are worthy of being listed.

Heh, well this aged well:

https://bitcoinist.com/coinmarketcap-new-listing-vote/

https://bitcoinist.com/binance-listing-2-6-million-fee/

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jcfrei 2271 days ago
The coinmarketcap volume is not legit at all. They created the adjusted volume metric but it's still plain wrong. They currently show a 24h volume of $112Bn and a total market cap of $182Bn - that's just ridiculous.
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