History of Coinmarketcap in Timeline

Coinmarketcap is a website providing cryptocurrency data, including prices, trade volumes, and market capitalization. Founded in 2013 by Brandon Chez in New York City, it serves as a primary resource for tracking the performance of various cryptocurrencies. It aggregates data from different exchanges, offering users a comprehensive overview of the cryptocurrency market.

2013: Coinmarketcap Launched

In 2013, Coinmarketcap was launched by IT programmer Brandon Chez in New York City.

January 2018: Coinmarketcap Adjusts Price Calculations

In January 2018, Coinmarketcap excluded South Korean exchanges from its price calculations due to consistently higher prices, leading to a significant decline in XRP's market capitalization and market chaos.

2018: Coinmarketcap Gains Popularity

By 2018, Coinmarketcap had become one of the most popular websites in the world, according to The Wall Street Journal.

November 2019: Coinmarketcap Introduces Liquidity Metric

In November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume, according to Bloomberg.

April 2020: Binance Acquires Coinmarketcap

In April 2020, cryptocurrency exchange Binance acquired Coinmarketcap for an undisclosed amount, with Forbes estimating the deal's worth at $400 million.

November 2021: Coinmarketcap Warns Users of "Squid" Coin Fraud

In November 2021, Coinmarketcap warned users about the "Squid" coin fraud scheme, which falsely claimed affiliation with the Squid Game TV show. Coinmarketcap was cited by Vice, The New York Times and other media for the warning. The website is also a source for crypto exchanges rankings.

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