Huobi’s vice president Ciara Sun has criticized Binance and CoinMarketCap for serious data mutilation in ranking system of exchanges.
She claimed that Huobi has far greater deposit volume than Binance and yet none of this is reflected in the new CoinMarketCap rankings.
CoinMarketCap, which was recently acquired by Binance, updated its list of top cryptocurrency exchanges’ page. Ranked by traffic and unique visitors, Binance now sits at first.
“Funny that CoinMarketCap ranks exchanges without considering % of total coin market cap managed by exchanges. This is data that you can’t fake,” Ciara Sun twitted.
Binance had acquired CoinMarketCap earlier for an undisclosed amount of sum. Ciara Sun aimed at CoinMarketCap for using web page views and unique visits instead of institutional trading volumes.