This exchange is a scam! Why are you listing this scam exchange?
Fraudulent activity is something we take very seriously. It is best to send in the proof through our request form for our content team to handle directly.
If you have proof or details that an exchange is acting in a dishonest manner, please share it to our content team so we may investigate it further on our Request Form and select "12 - Feedback/Questions/Complaints."
If we are able to independently verify the information, we may consider issuing an alert on their detailed page on CoinMarketCap.
Please understand that even though we try our best to verify the data with the projects on our site, we are not in the practice of censoring or policing others as that would be antithetical to the raison d'être of the decentralization movement - self-sovereignty.
In an open ecosystem like the one we are in, we believe that the best policy – that we follow closely – is to over-provide on data and let users make their own informed choices about what to do with that data.
We have always encouraged our users to perform their own due diligence (https://coinmarketcap.com/glossary/#dyor).
This is particularly important because the unregulated and cross-border nature of this space makes it difficult to seek recourse.
The challenges of drawing the appropriate conclusions are explained in this blog post: https://blog.coinmarketcap.com/2019/05/01/happy-6th-birthday-data-alliance-block-explorers-and-more/
However, we understand that these concerns are valid and have implications on the community and the impressions that people have about the crypto space, even more than we are traditionally used to. Going a step further, we will be progressively updating our site to be even more in line with our view that users should be given the power to experience and use the data in a way that fits their needs most.
Underscoring our commitment to remaining neutral by avoiding censorship and judgement of the (de)merits of specific projects, we believe that there is value in publishing a wider array of data points to enrich the decision-making process of our users. You may have noticed that we recently added a ‘Ratings’ tab on our site. Going forward, and in the spirit of mitigating centralized points of failure, you can expect to see additional data sources. You can expect to see more tools to create custom views and filter through data in a way that is most relevant. One example would be metrics to evaluate exchanges that would include liquidity measures, hot/cold wallet balances, and traffic data so users will be able to draw their own conclusions without the need for us to make arbitrary judgment calls on what is 'good' or 'bad'.
On May 1, 2019, we announced the launch of DATA (Data Accountability & Transparency Alliance) to bring some of these ideas to fruition; https://blog.coinmarketcap.com/2019/05/01/happy-6th-birthday-data-alliance-block-explorers-and-more/
Again, we want to state that our philosophy is to provide as much information as possible to our users, so that they can form their own conclusions and interpretations – and not introduce our own bias into that mix. As more data points get added on the site, it is important not to be lulled into a false sense of security - the push for greater transparency would only be useful insofar as one is willing to perform the requisite due diligence.
We are open to your feedback as we collectively figure out best practices in identifying and rooting out issues with data.