Coingecko Co-founder: “We are now the largest, independent crypto data aggregator.”
CoinGecko Co-founder and CEO of Bobby Ong expressed his opinion on CoinMarketCap acquisiton by Binance, and the possible affect this step can have on the entire crypto market.
From Ong’s point of view, from now on, for CMC it will not be easy “to stay neutral & independent”, and with that CoinGecko is becoming the biggest “independent crypto data aggregator on the market.”
As CoinGecko co-founder states, upholding data integrity has always been critical for them, adding: “it became even more evident last year as many new exchanges were faking their volume.”
He noted that to deal with fake volumes they have created the “Trust Score”, which is currently available on CoinGecko. This tool provides a better overview about the reported volume being realistic or not.
Speaking about the future plans, Ong mentioned two trends he is excited about: derivatives market & DeFi. “After futures, options will be the new battleground for derivatives exchanges.” “Options will present a whole new set of data to track and display which we will tackle at CoinGecko.”
What about DeFi, he mentioned that at present they “track the interest rates offered by both decentralized and centralized lending protocols but as DeFi evolves, we expect it to replicate products from the traditional financial world which means more and more data.”
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