As CoinMarketCap celebrates five years of existence, the platform launches its official app for iOS mobile devices and plans to roll out more services.
Though cryptocurrencies have been around for almost a decade, the platform, CoinMarketCap (CMC), came to limelight during the surge of bitcoin and other alternative cryptocurrencies late in 2017. In a short time, the platform was quick to rise to the peak, establishing itself as the go-to source for cryptocurrency markets.
CoinMarketCap Finally Wakes Up
With incredible attention and traffic it got, Alexa ranks the platform as the 174th most popular website in the world. Though not much is known about the company, it boasts of more audience than media giants such as Bloomberg, The Wall Street Journal, and many others.
CMC’s blog post stated, “When we launched CoinMarketCap [in 2013], we were tracking seven cryptocurrencies and only a handful of exchanges and markets with a total market capitalization of approximately $1.6 billion. As of May 1, 2018, we are tracking over 1,600 cryptocurrencies and 200 exchanges with a total market capitalization over $400 billion.”
From the inception of the company’s existence – CoinMarketCap – there haven’t been any such improvements or expansions on the platform. To commemorate its five year anniversary, the platform launches its first mobile app for iOS mobile devices, gives the web platform a new look and also promises to roll out more services soon.
Though there are lots of mobile applications, for iOS and Android devices, which helps in keeping track of coin prices, crypto enthusiasts have long been waiting for CMC to launch an app. Like every other app, it lets you sort cryptocurrencies based on rankings, prices, coin market capitalization and percentage change in the past 24 hours. The new app can be downloaded from the Apple app store by clicking here.
CoinMarketCap Facilitates Its Competitors
Funny enough, most coin price check applications for mobile and web platforms make use of CoinMarketCap’s API to display their data. The company doesn’t seem to be worried about that as CMC has a strong brand authority on the web, which could play out the same way on the app store.
“Are there other places where people can get the data and do we have copycats? Sure. However, we are the only site that you can guarantee is sourcing, gathering, and verifying the data itself, and we pride ourselves in being the first and best regarded within the industry,” a CMC spokesperson told TechCrunch.
Apart from the launch of this new app, the company is also set to roll out new commercial API, that’ll include more options for getting historical data and other services to come.
Though the newly released application doesn’t do anything new in particular, it’s said to be the beginning of great things to roll out from the company which claims to have over 15 million visitors on a monthly basis.
Will Coinmarketcap be able to develop authority in the app business? Share your views in the comments section.