CoinMarketCaps Transparency Alliance for Exchanges

in #bitcoin5 years ago

CoinMarketCap is the main website for checking prices and situation on crypto markets. Since many exchanges got caught wash trading the site created Data Accountability & Transparency Alliance where exchanges need to share more data and be transparent.

The DATA seeks to promote greater transparency, accountability, and disclosure from projects in the crypto space. This initiative is underpinned by our belief that the provision of additional data points would (i) empower our users to make more informed decisions and (ii) provide a means for projects to differentiate themselves through enhanced disclosures.

The overarching objectives of DATA are to:
• Review, align, and enhance reporting standards across the industry.
• Identify gaps, propose strategies and measures to enhance data accountability and transparency.

Partners

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As you can see theres not that many partners so far but pretty much old exchanges are there and some of crypto exchange without verification that i often suggest ie: Binance, Idex, KuCoin, Switcheo or Bibox. I remind i have shared a trick to inviest into BiBox and get dividend weekly just yesterday - https://steemit.com/bitcoin/@kingscrown/earn-even-more-by-investing-into-fees-of-top-exchange


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The prices in coinmarketcap is not so good for trading the prices update may delay for minutes which not useful in scalping

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