ChangeNOW is Now a Tracked Exchange on CoinMarketCap!
What is ChangeNOW?
ChangeNOW is a cryptocurrency exchange platform that offers users a seamless and efficient way to swap one cryptocurrency for another without the need for an account or a lengthy registration process. With a user-friendly interface, competitive rates, and a wide selection of supported cryptocurrencies, ChangeNOW has gained popularity as a go-to solution for crypto enthusiasts looking to exchange their digital assets effortlessly, buy Bitcoin or more.
Our mission is to make cryptocurrency exchange accessible to everyone, from beginners to experienced traders, by offering a reliable and secure platform that prioritizes user experience and privacy.
What is CoinMarketCap?
CoinMarketCap is one of the most widely recognized and trusted sources of cryptocurrency market data in the world. It serves as a comprehensive platform that provides real-time and historical data on cryptocurrencies, including prices, trading volumes, market capitalizations, and more. CoinMarketCap is the go-to resource for investors, traders, and enthusiasts seeking information about the cryptocurrency market.
photo source: coinmarketcap
Becoming a Tracked Exchange on CoinMarketCap
Being recognized as a tracked exchange on CoinMarketCap is a significant achievement for ChangeNOW. This distinction means that CoinMarketCap has acknowledged our platform as a reliable and trustworthy cryptocurrency exchange, and we are now included in their list of supported exchanges. This listing enables us to showcase our trading pairs and data, allowing users to track the performance of cryptocurrencies available on ChangeNOW directly from CoinMarketCap's interface.
You can now check markets of such cryptocurrencies as Epic Cash and SNEK on ChangeNOW’s CoinmarketCap page!
What Does "Tracked Exchange" Mean on CoinMarketCap?
When an exchange is labeled as a "tracked exchange" on CoinMarketCap, it signifies that the exchange is considered legitimate, transparent, and compliant with the platform's standards. CoinMarketCap tracks the exchange's trading pairs, prices, trade volumes, and other essential data, ensuring that users have access to accurate and up-to-date information.
Being a tracked exchange on CoinMarketCap provides several advantages, including increased visibility, trustworthiness, and accessibility to a broader user base, which benefits both our platform and the cryptocurrency community as a whole.
photo source: Geekflare
FAQ - Cryptocurrency Glossary
1. What is Trade Volume in Cryptocurrency, and How Is It Calculated?
Trade volume refers to the total amount of a specific cryptocurrency that has been bought or sold on an exchange within a given time frame, usually measured in the last 24 hours. It provides insights into the liquidity and popularity of a particular cryptocurrency.
2. How Does Depth in Crypto Trading Help Predict Market Movements?
Depth, often referred to as order book depth, represents the number of buy and sell orders at different price levels for a specific cryptocurrency pair on an exchange. It helps traders assess the market's potential price movements and liquidity.
3. What Are Cryptocurrency Pairs, and How Do They Work on Exchanges?
A trading pair consists of two different cryptocurrencies or assets that can be exchanged with each other on a cryptocurrency exchange platform. For example, BTC/ETH represents the trading pair for Bitcoin and Ethereum.
4. How Is Market Capitalization of a Cryptocurrency Determined?
Market capitalization is the total value of a cryptocurrency, calculated by multiplying its current market price by the total circulating supply of coins or tokens. It is a crucial metric for assessing a cryptocurrency's overall value and ranking in the market.
5. Why is Liquidity Important in Cryptocurrency Trading, and How Can I Assess It?
Liquidity in the context of cryptocurrency refers to how easily a cryptocurrency can be bought or sold without significantly affecting its market price. Cryptocurrencies with higher liquidity are typically easier to trade and have narrower bid-ask spreads.
Conclusion
In conclusion, our recognition as a tracked exchange on CoinMarketCap is a significant achievement for ChangeNOW, and we are excited about the opportunities it brings for our platform and users. We remain committed to providing a seamless and secure cryptocurrency exchange experience while continuing to expand our offerings and improve our services for the benefit of the cryptocurrency community. Thank you for your continued support, and stay tuned for more exciting updates from ChangeNOW !
photo source: Art Rachen / unsplash
