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
Today, in our major quarterly update, we announce our highly-anticipated professional API. We are excited to launch it after a month-long feedback and beta process with hundreds of users! It’s now live, together with several highly-requested new features on our site. Read on for more details:
Our professional API will give developers and funds the ability to use our 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. 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.”
– Brandon Chez, founder of CoinMarketCap
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.
Edit: The public API will be ported over to the free tier of the professional API. Guys, we’re not leaving you in the lurch.
Addition of derivatives markets
We have added derivatives markets to its site to help you explore these markets beyond the standard spot trading exchanges already listed. We now support futures, options and OTC exchanges, and will continue to add other derivatives markets data comprehensively.
As derivatives continue to grow as a cryptocurrency asset class, by giving users a way to find these exchanges, we hope this will help users to better understand and embrace derivatives.
Update on why derivatives were added: We have always been aware of the derivatives market, and we have been in contact with many of them for a long time! Our goal is to give the full picture to our users about what’s out there, so it’s really important that we add derivatives to give greater visibility to these markets, and drive understanding and informed decisions. We also know that derivatives are becoming a big part of the crypto space, just as they are in finance, so starting now and giving more prominence to it, together with our updates on spot exchanges, will hopefully continue to increase the appreciation and adoption of crypto.
New exchange ranking
We have updated our exchange ranking page in a consistent format with our 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 you can look at exchanges most relevant to your interests.
We have 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. Sign up here:
“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, independent voice in cryptocurrency,” says Chez.
Another major feature enhancement to the CoinMarketCap site is a brand-new events page, where you can now 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.
You are also invited to submit your 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 you 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. You can now convert between 32 fiat and five cryptocurrencies on the app, similar to that supported on the site.
Blog, social and careers
On our new blog, we are 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, we have also set up our own subreddit, /r/CMC.
Last month, we also published a new careers page and announced new positions we are 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.
We are a completely distributed team around the world (except for a few team members who love each other enough to live together in the same house!😂) and you have the flexibility to work whenever and wherever you like, remotely.
Looking for your feedback
We are always looking to hear your feedback, and now with these major updates, we would love to find out what you think! We are true to our ethos of transparency and openness, and we want to continue doing so by incorporating what you want to see and use every day.