Market Overview

CoinMarketCap Announces New Professional API and Features on Site


Major quarterly launch includes a new professional API, derivatives markets, new exchange ranking, newsletter, events page, iOS app update and comprehensive glossary of crypto terms.

NEW YORK (PRWEB) August 01, 2018

CoinMarketCap, the world's most-used cryptocurrency information site, announced a major quarterly update today. Its highly-anticipated professional API has launched after a month-long feedback and beta process, together with several highly-requested new features.

Professional API:
The release of the professional API will give developers and funds the ability to use its aggregated data in product offerings, providing price, market capitalization, conversions and trading pair data that CoinMarketCap aggregates from hundreds of exchanges every minute.

"As part of our mission to continue growing the cryptocurrency sector with our partners, our professional API will ensure that the CoinMarketCap data that users know and trust can be integrated into every application," says Brandon Chez, founder of CoinMarketCap. "Our API comes with a best-in-class developer dashboard that will help every developer – from hobbyist to large-scale cryptocurrency product teams – make the most of our data."

With more cryptocurrency products and institutional funds investing in the space, from wallets to portfolio management and cryptocurrency derivatives, the CoinMarketCap API aims to serve as a key data pipeline to supply accurate data necessary for decision-making.

The API is available at various price tiers depending on features and rate limits. Historical data of up to five years is also available through the API with an enterprise contract.

Addition of derivatives markets:
CoinMarketCap has added derivatives markets to its site, providing users a way to explore these markets beyond the standard spot trading exchanges already listed. The site currently supports futures, options and OTC exchanges, and will continue to add other derivatives markets data comprehensively.

As derivatives will continue to grow as a cryptocurrency asset class, by giving users a way to find these exchanges, CoinMarketCap will help them users to better understand and embrace derivatives, to the benefit of the sector.

New exchange ranking:
CoinMarketCap has updated its exchange ranking page in a consistent format with its coin ranking page. This is part of an effort to better highlight exchanges on the site, giving exchanges the same first-class status as coins, by featuring them prominently on the landing page in an alternate tab.

As part of the revamp, exchange information is now available at a glance. Apart from ranking and the total number of markets, users can now view volume in various intervals, such as one-day, seven-day, and 30-day volume. Standard fee, no-fee, and transaction mining exchanges are marked clearly, ensuring that users can look at exchanges most relevant to their interests.

CoinMarketCap has also launched a daily newsletter, another highly-requested feature from members of the community. The newsletter covers trends, news and updates in cryptocurrency every day, designed to give a comprehensive market update that can be read in five minutes or less.

"With the newsletter, we want to provide additional information on the constantly-evolving field of cryptocurrency projects, ideas, and philosophies. We have been a member of this community since 2013, and we are focused on continuing to be the unbiased and independent voice in cryptocurrency," says Chez.

Another major feature enhancement to the CoinMarketCap site is a brand-new events page, where users can go to keep up with the plethora of cryptocurrency events around the world. The events page will be constantly updated with coverage of community-led and fringe events, so as to showcase the widest range of possibilities for an event-goer.

Users are also invited to submit their events to the page for other like-minded enthusiasts to discover and attend.

A comprehensive glossary of cryptocurrency terms has also been added to CoinMarketCap to help users quickly find and understand cryptocurrency and blockchain concepts. The glossary was developed to provide concise explanations of complex cryptocurrency topics, aiding comprehension within one to three sentences each.

The content of the glossary spans technical terminology, common expressions and memes, and CoinMarketCap-specific nomenclature, such as those related to supply, to cater to cryptocurrency initiates and veterans alike.

iOS app update:
An update has also been made to the iOS app, which now includes currency conversions for an improvement to the user experience. Users on the app can now convert between 32 fiat and five cryptocurrencies, similar to that supported on the site.

Blog, social and careers:
A new blog has been added to CoinMarketCap, with several new sections added to encourage further content collaboration amongst the projects, exchanges, and investors in the cryptocurrency space. CoinMarketCap is planning to invite more guest writers to the blog to showcase a wider variety of ideas and concepts.

To have closer and faster communication with its community, CoinMarketCap has also set up its own subreddit, /r/CMC.

Last month, CoinMarketCap also published a new careers page on its site and announced new positions it is hiring for, including developers and designers.

"As our new product releases show, we are constantly updating so that we can help to grow adoption of cryptocurrency. If you also believe in what we want to achieve, we look forward to having you join our decentralized team around the world," added Chez.

About CoinMarketCap:
Since 2013, CoinMarketCap has been the premier price-tracking website for cryptocurrencies. It is the most referenced and trusted source for comparing thousands of crypto entities in the rapidly growing cryptocurrency space by users, institutions and media. CoinMarketCap firmly stands for accurate, timely and unbiased information, enabling each end user to draw their own informed conclusions from CoinMarketCap data.

Additional information:
For requests and feedback:
To advertise: advertising(at)coinmarketcap(dot)com

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