- CoinMarketCap has updated the logos on its site to match those used on big crypto exchanges
- The new makeover appears to be part of the Binance takeover, creating a more complete experience
- This new visual appearance is just the latest change to CoinMarketCap since Binance took over, but it’s certainly not the last
CoinMarketCap (CMC) is widely regarded as the go to place for information about cryptocurrencies and market prices. After recently being taken over by Binance, CoinMarketCap has finally updated virtually all of the logos for the cryptocurrencies that are listed on its site.
This is a much-needed change and the crypto world is rejoicing that CMC has finally gotten with the times and added the most up-to-date versions of every project’s logo.
An Aesthetic Update
Until two days ago, the CMC website still displayed out of date graphics for several project logos. In this new update, Bitcoin Cash has finally turned to a green Bitcoin as opposed to an orange rectangle, DigiByte’s logo got a makeover to match the one on Coinbase and XRP finally changed to the dark logo.
Bitcoin Cash is now green on https://t.co/SQIIIoLLwr pic.twitter.com/wnZHeXYDPy
— Collin Enstad (@CollinEnstad) June 9, 2020
Usually, CMC pushes out updates that are focused on adding new features. In fact, just two weeks back CMC added a “confidence” metric that flags suspicious volume so that you can clearly see if there is wash trading or fake volume reporting from a crypto exchange.
What’s Next for CMC?
CMC is coming under fire from critics following the deal with Binance, but that’s to be expected. Binance changed the algorithm that ranks exchanges on CMC, meaning Binance has the upper hand and will likely remain as the number one exchange on CMC for the foreseeable future. Aside from rolling out more new features like the confidence metric, there isn’t really much that CMC can currently do to improve – it’s a pretty solid site that’s jam-packed full of uses.
CMC is no doubt the number one crypto site in the world, and it attracts millions of users every single month. This new visual makeover brings it into 2020 and keeps it up to date with the same artwork styles that various big crypto exchanges are using – perhaps for familiarity and consistency.
