DATA Phase 1 complete + New listing methodology

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We have concluded the first phase of mandatory exchange data submissions for our Data Accountability & Transparency Alliance (DATA) at CoinMarketCap! First announced on our sixth anniversary on May 1 this year, cryptocurrency exchanges were given 45 days to respond and submit the mandatory data, which includes live trading and order book data.

Following the ample lead time, we have just confirmed over the weekend that 70.3% of all cryptocurrency exchanges currently listed on the site have submitted data that fulfill the requirements of this mandatory data collection phase. These exchanges will continue to be included in the calculations of volume-weighted average price and adjusted volume by CoinMarketCap.

Exchanges that have not submitted the requisite data will be listed below those that have done so on the rankings. This applies to both the exchange ranking pages, as well as the markets tab for individual cryptocurrencies, where exchanges are listed by their contributing volume to that cryptocurrency. Exchanges that submit the necessary live trading and order book data after today will be re-included in the price and volume calculations on a rolling basis.

“We are highly encouraged after seeing strong support for our DATA initiative so far,” said Carylyne Chan, Global Head of Marketing at CoinMarketCap. “With these submitted data points, we aim to provide more meaningful analyses and metrics for our users, and empower them with information to do their own research even more effectively.”

We are currently preparing for our first DATA roundtable with Alliance partners, currently slated to be sometime mid-July. We are currently finding a suitable date and time for all partners to attend, as well as disseminating and collecting notes about the topics of discussion during the roundtable. Some of these topics will include standardization of definitions, tickers, and data disclosures via API, as well as confirming DATA Phase 2 metrics to be collected.

(Media looking to observe the DATA roundtable are encouraged to submit their interest to do so on a dedicated form that we have set up for this purpose.)

Updated listings criteria

Additionally, we have released an updated listings criteria for cryptocurrency projects and exchanges. Going beyond the previously-laconic listing requirements, this is an expanded set of measures that each project or exchange are evaluated upon; these include factors such as trading volume, community interest, traction, team, product-market fit, impact, uniqueness and time in market.

The listings criteria also lays out a new, notable addition in the form of an “Untracked Listing”. Projects that do not meet the minimum requirements for tracking market data can still be listed on CoinMarketCap, but will have to exhibit strengths in a number of areas in the revised evaluation framework before it can progress to a “Tracked Listing”. This is a significant departure from the previous modus operandi, where we would only list projects or exchanges that have met all requirements at the time of listing.

On our updated listings criteria section on the methodology page, we have provided detailed descriptions and examples of the types of requests it commonly receives, as well as tips and rules for the listing process.

We have also published a delisting policy. Some of the factors leading to a delisting include low liquidity or suspicious trading activity, cessation of business, misleading or deceptive initial applications that were later found out, unlawful activity, and more.

Another announcement will follow shortly, with an updated methodology for how circulating supply is determined for every project.

Chan is hopeful that “the new and detailed criteria for listings will provide clear and concrete guidelines for everyone looking to be listed on CoinMarketCap”. She further added: “We want to be as exhaustive as possible, eventually listing every qualifying project and exchange on CoinMarketCap!”

Carylyne Chan, Global Head of Marketing at CoinMarketCap

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For our media friends: To sit in during the first-ever DATA roundtable, please register your interest here. (The original DATA announcement can be found on this blog post.)

The full details of the listing criteria changes can be found on this page.

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About CoinMarketCap

Since 2013, CoinMarketCap has been the premier price-tracking website for cryptocurrencies. It is the most referenced and trusted source for comparing thousands of crypto entities in the rapidly growing cryptocurrency space by users, institutions, and media. CoinMarketCap firmly stands for accurate, timely and unbiased information, enabling each end user to draw their own informed conclusions from CoinMarketCap data.

Additional information

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Press contact

Carylyne Chan

Head of Marketing

carylyne@coinmarketcap.com

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Original Article – Coinmarketcap.com