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CoinMarketCap top managers announced their departure from the company

CoinMarketCap top managers announced their departure from the company
CONTENT

  • The head of the service leaves just a couple of months after the service was bought by the Binance exchange.

  • In addition to the head, two more top managers also left the company.

  • Who will replace those who quit remains unknown

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The decision to leave comes just a couple of months after the takeover of the cryptocurrency aggregator by the cryptocurrency exchange Binance

Carilyn Chan, head of cryptocurrency price tracking service CoinMarketCap (CMC), announced her departure from the company.

She announced this in her official blog. Chan served as CMC’s CMC for over two years.

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Chan did not name the exact reason for her departure, but announced her intention to release her own book about the service..

“I will continue to write more about my experience and what I learned in my free time (even, maybe I will write a book about CoinMarketCap with Brandon Chaz himself!),” Wrote Chan.

Along with Chan, according to Cointelegraph, other top managers also left the company – Jeremy Seo and Spencer Young..

CoinMarketCap top managers announced their departure from the company

Who will replace those who quit remains unknown.

The exit of top managers occurs just a couple of months after the service was bought by the Binance cryptocurrency exchange..

Wrong time, wrong place

Almost immediately after the acquisition, the service was at the center of a scandal due to the update of the metrics tracking laundering trading on exchanges..

Amid the criticism, Chan stated that the “adjusted metric” only corrects, that is, removes, the volume coming from the markets without commissions or that are engaged in mining transactions.

“This has nothing to do with suspicious trading activity,” Chan added..

Almost at the same time, Binance suddenly climbed to 15th place in the list of the top 100 marketplaces..

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This is not the first time that CMC has been criticized for controversial innovations following an exchange deal..

So, for example, recently Chainlink suddenly took first place in the list of decentralized finance (DeFi) Decentralized finance (DeFi) is a financial services built on the basis of blockchain technology that offer users access to open, efficient and … More) by market capitalization according to the version resource CoinMarketCap.

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CoinMarketCap top managers announced their departure from the company

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