Unveiling the New API
CoinMarketCap.com, a hotshot in the crypto data world, has officially rolled out its professional, paid API on August 1. Designed specifically for developers and investment funds, this server-side wizardry aims to serve as a streamlined “pipeline” for accurate and unique data about cryptocurrency prices, market caps, conversions, and trading pairs. (It’s as if your data is now getting the VIP treatment!).
Pricing That Won’t Break the Bank
Worried about how much this four-course meal data feast will cost? Don’t fret! Access starts at just $79 a month for hobbyists. If you fancy going more upscale, sign up for the professional package at $699. This option promises not only more data but also a trip down memory lane to access data over the last five years!
- Hobbyist Plan: Starts at $79/month
- Professional Plan: Starts at $699/month—ideal for ambitious crypto projects
Riding the Wave of Change
CMC’s foray into this new API market is a strategic move, propelled by the explosion of diverse crypto products and a growing thirst from institutional funds investing in this promising turf. With many players interested in leveling up their trading strategies, it makes perfect sense to introduce an effective tool to streamline their operations.
Features Beyond Basics
This newly launched API isn’t just about solid market data; it also dives into the murky waters of crypto derivatives markets, encompassing futures, options, and even over-the-counter (OTC) exchanges. Be careful though, you’re entering the big leagues, and you might want to double-check that contract before signing!
CMC’s Drive for Transparency
Earlier this month, CoinMarketCap hinted at major changes in its exchange listings method. With rising concerns about skewed trade volume data—thanks to the innovative yet questionable “transaction fee mining” models and the infamous “wash trading” methods employed by some exchanges—CMC is committed to ensuring cleaner, fairer market data. In fact, this initiative is part of CMC’s broader rebranding effort, as they aim to maintain their dominance in an increasingly competitive field, and already boast over 60 million unique visits from January to May this year.
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