CoinMarketCap: what is the platform, how it works and what advantages it has

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Tokeneo
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3 min reading

CoinMarketCap - learn everything about this platform: what it is, how it works and what advantages it has.

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CoinMarketCap: what is the CoinMarketCap platform and how does it work?

There are already several thousand cryptocurrencies in the world. The growing interest in these virtual currencies, which give completely real profits, became the basis for establishing the CoinMarketCap platform. It's worth getting to know her!

What is CoinMarketCap?

The CoinMarketCap platform available at CoinMarketCap.com was founded in 2013. Since then, it has served as a source of information on cryptocurrencies valued by users, institutions and the media. In April 2020, the platform was purchased by Binance - one of the largest digital currency exchanges.

The CoinMarketCap platform is free to use. It is available on computers as well as via a mobile application.

What information can be found on CoinMarketCap?

The purpose of the platform is to provide accurate, up-to-date and unbiased data on virtual currency rates. They are accompanied by information about changes in the exchange rate over the last 24 hours and 7 days, market capitalization, volume and supply in circulation. The rates are also presented on clear charts.

With CoinMarketCap, you can also get other information about the cryptocurrency market, for example, use a practical ranking, check data on cryptocurrency-related derivatives (derivatives), find cryptocurrency exchanges selling and buying them. A wide range of practical analytical tools, filters and personalization options allows you to easily and quickly obtain the data you need.

Advantages of the CoinMarketCap platform:

  • trusted source of information on digital currency rates
  • real-time presentation of courses
  • thousands of different currencies in one place
  • transparent cryptocurrency ranking
  • additional analytical tools for users
  • the ability to use filters and personalization
  • no costs associated with using the platform
  • also available as a convenient app

When is it worth using CoinMarketCap?

The CoinMarketCap online platform is recommended primarily for cryptocurrency owners and investors who want to obtain reliable, transparent information about the current value of their portfolio and make the right investment decisions.

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