Crypto data aggregator websites are stepping up their game to fight fake exchange volumes — but it’s not all smooth sailing.
Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors have started to test the waters, and data providers are dying to make a lasting impression.
Market data aggregators, or data providers, are platforms that collect inputs from various exchanges to present users with data on trade volume, historical asset prices and market capitalization. These platforms usually offer their own APIs for data distribution to blockchain projects and financial media outlets, alongside their standard web interface and mobile application.
From exit-scams to pump-and-dump schemes, the cryptocurrency community is no stranger to fraudulent activity. However, what may seem like an obvious scam to veteran crypto investors might