How does CoinMarketCap track capitalization of cryptocurrencies?

We tracks capitalization of various cryptocurrencies by listing prices, available supply (amount of coins that is currently in circulation), trade volume over last 24 hours, or market capitalizations. CoinMarketCap was founded in May 2013 by Brandon Chez in Long Island City, Queens, New York. CoinMarketCap circa 2013.

How much is CoinMarketCap worth?

According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount. Forbes suggested that the deal could be worth $400 million.

What happened to CoinMarketCap?

In April 2020, CoinMarketCap was acquired by Binance Capital Mgmt. Binance is the global blockchain company behind the world's largest digital asset exchange by trading volume and users, which shares the common vision of making crypto accessible and systemically important to people all around the world.

What is CoinMarketCap's ranking criteria?

CoinMarketCap's official ranking criteria is designed to eliminate any possibility of preferential treatment in general, even for the Binance exchange or BNB cryptoasset. This will be enforced in spite of any positive or negative financial effect this adherence to policy might have for its parent company.