Yahoo Finance partnered with the crypto analytics site CoinMarketCap in order to provide crypto information and news to the market. with more than 3.5 billion monthly visitors, this could greatly increase the visibility of Bitcoin and information about other cryptocurrencies as well so let’s find out more about it in the altcoin news below.
Coinmarketcap is the leading crypto market data website that always provides its crypto indices and educational information on Yahoo finance, and Verizon Media news outlets. The indices always strive to provide real-time pricing for more than 200 exchanges and will give further exposure to the broader crypto market by including the alongside metrics for assets that represent most of the 90 percent of the global market capitalization.
In addition, CoinMarketCap’s newsletter and blog content will be integrated into Yahoo’s crypto news stream and the recently added crypto screened landing page by Yahoo Finance which will make the platform an iteration of the Coinmarket cap website. The partnership will further increase CoinmarketCap’s dominance and will provide exposure to readers who still might have no idea what crypto is or never been involved in cryptocurrency. Despite the fall from preeminence, Yahoo.com is still one of the most trafficked sites in the world with more than 3.5 billion visitors per month. Yahoo’s Joanna Lambert:
“As cryptocurrencies continue to gain attention, it’s essential that we expand our crypto news and data for millions of Yahoo Finance users across the globe. By partnering with CoinMarketCap, we can provide timely and reliable crypto information to meet our audience demand.”
As cryptocurrencies struggle to gain more validation in the mind of the general public, the move will be a step forward in making crypto more accessible and could play a part in the greater adoption but for now, this is a good push for greater incorporation of crypto in the traditional investment portfolio.
As previously reported, In March 2018, the Japanese arm of Yahoo Finance also announced that it will open a cryptocurrency exchange and scheduled it for “April 2019 or later.” Yahoo Japan was also going to buy 40% of the BitARG Exchange Tokyo in April, laying the foundations for the exchange to launch a year later.
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