CoinMarketCap Updates Rating Algorithm After Community Backlash

CoinMarketCap faced backlash after the site turned to web traffic as the default exchange rating mechanism. Binance, which recently acquired the firm, surged to the top soon after the change.

The rating algorithm has now been updated to prioritize liquidity and reinstill confidence.

CoinMarketCap’s default rating for exchanges has shifted from web traffic to a mix of spot market rankings and a confidence factor.

Ehm Binance buys CMC, not satisfied with rankings, invented a new method, Binance magically rank 1, mission completed.