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Coinmarketcap Makes First Ever Acquisition, Bags Crypto Trading Firm

Cryptocurrency price and volume data provider CoinMarketCap has announced its first-ever acquisition, which it says will improve the platform’s analyses and algorithms.


In a blog post published June 26, the company said that it had acquired electronic crypto trading fund Hashtag Capital, primarily for its proprietary “true price” algorithm involving liquidity.


The release went on to state that the purchase was part of the company’s recent push towards providing a greater degree of data accountability and transparency.


Read More at BeinCrypto


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