Cryptocurrencies
Coinbase, Crypto.com Blame Price Glitches on CoinMarketCap
- Coinbase is an API partner for CoinMarketCap on pricing
- Crypto users saw brief price surges across multiple platforms
Kris Marszalek
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
The finger-pointing has already started after data glitches resulted in the brief display of astronomical gains for many cryptocurrencies late Tuesday.
Crypto.com Chief Executive Kris Marszalek blamed popular data provider CoinMarketCap.com and said it was working to remove the “unreliable price feed” from its site. Coinbase Global Inc. President and Chief Operating Officer Emilie Choi also cited bad pricing data from CoinMarketCap.com, which is own by rival exchange Binance.