The major cryptocurrency price tracker and data aggregator CoinMarketCap has launched a new professional API data feed that is tailored to the needs of cryptocurrency funds and developers.
After providing us with a basic and zero-fee API for years, CoinMarketCap decided to rebrand and now has a product line which offers more data points as well as higher rate limits that will meet the needs of professional users such as trading firms.
Currently, there are two tiers available with the new data feed:
- A “hobbyist” one that starts at $79 per month and
- A “professional” tier that is priced $699 per month and meant for bigger clients
The new service also offers an enterprise-level API which can be customized to meet the specific needs of developers or funds. The founder of CoinMarketCap, Brandon Chez, has commented the new launch, stating:
“As part of our mission to continue growing the cryptocurrency sector with our partners, our professional API will ensure that the CoinMarketCap data that users know and trust can be integrated into every application.
Our API comes with a best-in-class developer dashboard that will help every developer – from hobbyist to large-scale cryptocurrency product teams – make the most of our data.”
The new data feed product by CoinMarketCap follows the announcement that the website was going to take steps to “over-provide” users with data and analytical tools. This would answer the criticism that the website ‘was not always accurate about the state of the cryptocurrency market.’
This is why CoinMarketCap removed the minimum volume requirements for cryptocurrency exchanges which wanted to publish their data to the platform – removing an incentive that was manipulated in order for them to rank higher on the CMC daily charts.
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