CoinMarketCap is a top cryptocurrency data platform, providing real-time prices, market stats, and comprehensive information on various cryptocurrencies for investors and traders.
2. About CoinMarketCap
• CoinMarketCap stands out as the leading price-tracking platform worldwide within the
rapidly expanding realm of cryptocurrencies. Its core mission revolves around fostering
global accessibility to crypto by equipping individual users with impartial, top-tier, and
precise data, empowering them to form well-informed judgments.
• Brandon Chez founded CoinMarketCap in May 2013, and since then, it has swiftly emerged
as the go-to source for thousands of crypto comparisons, earning trust from users,
institutions, and media outlets like CNBC, Bloomberg, and even governmental bodies
within the U.S., who rely on its data for their research and reports.
• Binance Capital Mgmt acquired CoinMarketCap in April 2020. Binance, renowned as the
force behind the world's largest digital asset exchange concerning trading volume and user
base, shares a common goal of making crypto accessible and impactful globally.
• This acquisition paves the way for CoinMarketCap to harness the vast resources of its
parent company, delving deeper into project data, bridging information gaps within the
crypto industry, and delivering superior-quality data to its vast user base, numbering in the
hundreds of millions.
• CoinMarketCap remains committed to delivering precise, timely, and impartial
information. Despite its acquisition by Binance, it continues to function independently,
ensuring transparency and maintaining its dedication to accuracy. More details regarding
its operations are outlined in our disclosure policy.
3. Cryptocurrency Rankings
Market Cap
Bitcoin Dominance :- Bitcoin (BTC) historically holds the top spot in market capitalization among cryptocurrencies. It's
considered the pioneer and often sets the tone for the entire crypto market.
Ethereum's Position:- Ethereum (ETH) consistently follows Bitcoin in market cap rankings. Its smart contract capabilities and
extensive use in decentralized finance (DeFi) contribute to its high standing.
Altcoins and Their Variability:- Other cryptocurrencies like Binance Coin (BNB), Solana (SOL), Cardano (ADA), XRP, Polkadot
(DOT), Dogecoin (DOGE), and Avalanche (AVAX) often occupy top positions in market cap rankings. However, their standings
can fluctuate due to market shifts, technological updates, and investor sentiments.
Market Dynamics:- The market cap of a cryptocurrency is calculated by multiplying its circulating supply by its current market
price. Hence, fluctuations in price and circulating supply greatly impact a cryptocurrency's market cap and subsequent ranking.
4. Top Cryptocurrency Spot Exchanges
Coinbase Exchange
CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes, and confidence in
the legitimacy of trading volumes reported.
Binance Kraken
Crypto.com Exchange
Kucoin Gemini login