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    Home » Crypto News » CryptoCom CEO Slams CoinMarketCap for Misreporting Exchange Trading Volumes

    CryptoCom CEO Slams CoinMarketCap for Misreporting Exchange Trading Volumes

    Author: George Georgiev

    Last Updated Dec 25, 2021 @ 10:48

    The CEO of CryptoCom slammed CoinMarketCap for failing to report their exchange trading volume accurately.

    Kris Marszalek, the CEO of popular cryptocurrency exchange CryptoCom, slammed data aggregating resource CoinMarketCap for misreporting their trading volume.

    • In a tweet on Christmas Day, the CEO of CryptoCom slammed CoinMarketCap for failing to report their trading volume accurately.

    Merry Christmas to team CoinMarketCap who, a week after my response to their poorly worded tweet, arbitrarily reduced our exchange ranking to 14th.

    We are 2nd/3rd on CoinGecko, so you guys know where to look for real and market neutral data. – He said.

    • At the time of this writing, CoinMarketCap has ranked CryptoCom at number 14 with $1.8 billion in trading volume over the past 24 hours.
    • Meanwhile, CoinGecko reports that its trading volume is $3.1 billion, putting it third in place.
    • The “poorly worded tweet” that Marszalek refers to is from December 15th, when there was an exchange between both, ultimately ending in him saying that they are “already working on removing CoinMarketCap’s unreliable price feed from our product.”
    • The main reason for the complaints seems to be the glitch that CoinMarketCap went through back then.
    • As CryptoPotato reported, a bug on the CoinMarketCap website showed absurdly high increases in the most important cryptocurrencies, which, in turn, affected all crypto services that rely on its data to show fiat prices and balances.
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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