CoinMarketCap plans to remove cryptocurrency exchanges from its calculation system if they do not provide the required mandatory data by June, the company writes in its blog. It also announced the creation of a new alliance called “Data Accountability & Transparency Alliance” (DATA) to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”
Many exchanges have already joined the new alliance, including Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex. As part of the transparency initiative, CoinMarketCap will require all crypto exchange services to provide mandatory API data, which includes real-time trading data as well as order books information.
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