November 12, 2019 CoinMarketCap launches a liquidity metric.

Announced at CoinMarketCap’s inaugural conference ‘The Capital’, the live tool replaces ‘Volume’ as the default metric in ranking exchanges and cryptocurrency pairs, and is intended to filter out market manipulation. Carylyne Chan, CoinMarketCap’s CSO, commented on the new feature: “We believe our adaptive methodology will make our metric very difficult to ‘game’ as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.” Notably, measured by liquidity rather than volume, Binance takes CoinMarketCap’s top ranking for exchanges.