Crypto.com CEO accused CoinMarketCap of data manipulation

Crypto.com CEO Kris Marsalek criticised CoinMarketCap for providing inaccurate information about trading volumes.

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 🤣

— Kris | Crypto.com (@Kris_HK) December 25, 2021

“Merry Christmas to the CoinMarketCap team, who a week after replying to their poorly worded tweet arbitrarily lowered our exchange ranking to 14th place. On CoinGecko we sit in second-to-third place, so you guys know where to look for real and market-neutral data,” Marsalek said.

As of writing, the service ranks Crypto.com 15th by trading volume.

According to CoinGecko, the exchange sits in second place with a little over $3 billion in the last 24 hours.

The tweet to which Marsalek referred is likely dated December 15. During the exchange, the CoinMarketCap team joked that he might have to cancel an interview with Forbes. Meanwhile, the service acknowledged a fault in its operation.

You don’t have to tell us anything — we are already working on removing @CoinMarketCap’s unreliable price feed from our product.

— Kris | Crypto.com (@Kris_HK) December 15, 2021

“You don’t have to tell us anything — we are already working on removing CoinMarketCap’s unreliable price feed from our product,” the Crypto.com CEO said at the time.

In 2020 the service was acquired by the cryptocurrency exchange Binance.

As a reminder, in July 2020 CoinMarketCap placed Binance Coin at the top of the DeFi token by market capitalization. Following criticism on social media, the service removed the token from the list without explanation.