Paolo Ardoino Has Accused CoinMarketCap of Removing Bitfinex From the List of Exchanges

Note:
Correction – Bitfinex CTO Paolo Ardoino was actually saying that CoinMarketCap does not include the derivatives and lending volume of the Bitfinex exchange in the total volume while on the other hand, it is counted for other exchanges.
The Chief Technology Officer (CTO) at the major global cryptocurrency exchange Bitfinex Paolo Ardoino has accused CoinMarketCap of for not including the Bitfinex exchange into the list of cryptocurrency exchanges. Binance-owned CoinMarketCap (CMC) has been accused by Bitfinex CTO of showing favoritism to a few cryptocurrency exchanges whom it added into its list.
CMC accounts for only a few selected exchanges, says Ardoino
Once again the cryptocurrency market data site CoinMarketCap has faced allegation regarding its decision of excluding the Bitfinex exchange from its cryptocurrency exchanges’ list. It has been facing certain allegations and severe criticism since the time when the world’s leading digital currency exchange in terms of trading volume Binance acquired it. Throughout the year 2020 so far, CMC has been accused of for the third time for not showing fairness in its decisions.
Now, Bitfinex CTO Paolo Ardoino says that it has exhibited favoritism while making the list of cryptocurrency exchanges and selected only a few cryptocurrency exchanges while delisting the Bitfinex exchange. He said:
“Seems @CoinMarketCap accounts for perps only for few selected exchanges. And @bitfinex is not among those while it was two months ago. And lending volume is missing as well.”
Adam Black, the Co-founder and CEO of Blockstream, has also supported this claim and says, “Strange that, New owner, convenient “mistakes” to edit out competitors stats?”
Binance is accused of using CMC for its own agendas
Since the Binance exchange acquired CoinMarketCap in April 2020, it has made some decisions which led the critics to believe that the major cryptocurrency exchange is using CMC for fulfilling its own agendas which include the growth and the mainstream adoption of its native cryptocurrency Binance Coin (BNB).
Recently, in the month of June, CoinMarketCap made BNB the top decentralized finance (DeFi) token by market capitalization due to which it had to face severe criticism in the community. While commenting on this ranking, one user said:
“Apparently @CoinMarketCap has a #DeFi project ranking now. Guess what is on #1? Right, $BNB! What a coincidence. At this point, everybody has to realized how shameless #Binance is acting.”
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