CoinMarketCap Tops 20,000 Cryptocurrencies

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Sun, 06/26/2022 - 14:56

Alex Dovbnya

Bitcoin accounts for more than 42% of the total cryptocurrency market cap

CoinMarketCap Tops 20,000 Cryptocurrencies

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CoinMarketCap, the leading cryptocurrency ranking website, has now listed more than 20,000 cryptocurrencies.

The number of cryptocurrencies listed on the website has experienced a ten-fold increase since September 2018.

Bitcoin remains the undisputed crypto king, accounting for more than 42.4% of the total market cap.

According to Binance CEO Changpeng Zhao, the leading cryptocurrency exchange has so far added only two percent of the cryptocurrencies that are available on CoinMarketCap.

Developers are required to fill out a submission form and go through a review process if they want their assets to appear on the leading ranking website.

CoinMarketCap was acquired by Binance back in April 2020 for $400 million.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.