CoinMarketCap.com made official its partnership with Yahoo Finance to provide in its portal much more information than it presents today.
This not only demonstrates the maturity of the cryptoverse, but also its professionalism and interest on the part of the public in always having the best and most reliable statistics at the palm of your hand, and instantly.
Every company that intends to invest, do an academic study, or even regulate the cryptos should appear on a number of renowned pages that are capable of meeting the demands of this audience.
For example, the traditional financial world has Bloomberg, Reuters, Yahoo and many other data centers, without the news institutions that every second, every day, every year keep managers, owners, brokers informed. of the stock market, economists and anyone who wants it about what is happening in the economies, banking sectors, and any other type of data. So yes, data and access to information by everyone is a matter of supreme importance.
In case you did not know, Yahoo Finance is a giant of global financial news, and as expressed by the two companies involved, it has integrated cryptocurrency prices on its website thanks to the indexes it calculates and publish CoinMarketCap.
CoinMarketCap, a leading crypto world data provider, also announced this week that it has formed a strategic partnership with Yahoo Finance.
Yahoo Finance, owned by Verizon Media, and CoinMarketCap confirmed their strategic partnership for data and cryptocurrency content in a press release to Cointelegraph on November 21.
CoinMarketCap will now provide information on prices, market capitalization and other relevant metrics for crypto traders and crypto investors. In addition, CMC will take its market indexes to Yahoo, after previously partnering with NASDAQ, Bloomberg and Thomson Reuters.
“We are delighted with this partnership that arrives on time as we continue to level our platform with the new metrics based on liquide. In addition, this association allows us to have a more precise ranking of the crypto market pairs, as well as an improved price creation algorithm that will arrive soon.
Yahoo Finance is one of the most respected and widely adopted financial sites in the world. Through this partnership, we seek to make cryptocurrencies more accessible and drive wider adoption to a wider audience. ”
The Yahoo Finance platform follows a total of 118 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT) and another 112 more.
The creation of altcoins prices by Yahoo is carried out with data collected instantly in more than 200 crypto exchanges, which according to the company represents more than 90% of the world market capitalization. On the other hand, the number of crypto that CoinMarketCap follows exceeds 4800.
The General Manager of Finance and Technology of Verizon Media, Joanna Lambert, said:
“By partnering with CoinMarketCap, a reliable global provider of all types of cryptocurrency data, we can provide timely and reliable crypto information to meet the demands of our audience.”
This partnership will further increase the domain of CoinMarketCap as a primary source of data collection, and will provide exposure to readers who may not have been previously involved in the cryptocurrency thanks to it being available on Yahoo.
Despite the fall of Yahoo’s preeminence, this is still one of the sites with the highest traffic in the world, with an estimated 3.5 billion visitors per month. Joanna Lambert of Yahoo said about the association.
At a time when crypto struggles to obtain the validation of the millions of souls that are part of the mainstream of thought, this movement could represent another step on the right path, making cryptocurrencies more accessible.