It is reported that Crypto Briefing, a platform for analyzing digital currencies, unites with the cryptocurrency aggregator Alliance for Accounting and Data Transparency (DATA) Coinmarketcap. The result of cooperation will be a new product called Simetri.
A July 9 press release states that it is created for crypto research and analysis.
Simetri is designed as an institutional-level tool that provides full transparency and facilitates the verification of order book data on the main cryptocurrency exchanges.
It also helps to provide detailed fundamental analysis and understanding of the future development of crypto projects, ideally with a high degree of objectivity and neutrality. Simetri will be integrated into crypto profiles that are part of the Coinmarketcap website.
Simetri is designed to evaluate the basic elements of any crypto project, for example, technological ecosystem, development, utilities, support and other aspects that are responsible for creating a project that is sustainable and reliable for sponsors and investors.
“The combination of SIMETRI and the DATA CoinMarketCap initiative is a standardization of cryptographic data, which is a key factor in providing reliable data.
Reliable sources are the cornerstone of traditional financial markets, and cryptocurrencies are no exception, ”commented Coinmarketcap head of marketing Karin Chan.
CoinMarketCap at the same time mandated that all exchanges listed on its platform must provide live trading and orderbook data or be removed from the platform’s adjusted volume calculations.