CoinMarketCap, leading analytical portal about cryptocurrencies, announced the launch of the new scoring based on exchange liquidity. Some leaders of trading volume rating seem not to have even aa hundred thousand US dollars of liquidity.

At a conference in Singapore, CoinMarketCap, the most popular portal of statistical data on cryptocurrencies, announced a new tool called exchange liquidity ranking. The new service includes data on liquidity for about 3,000 cryptocurrency assets.

The new metric is designed to contribute to the fight against market manipulation through wash trading. CoinMarketCap strategic director Carylyne Chan, chief strategy officer at CoinMarketCap, said:

“We believe our adaptive methodology will make our metric very difficult to ‘game’ as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.”

Currently, the leaders of CMC liquidity ranking includes Binance, with $61 million in liquidity, HitBTC ($59 million) and Huobi Global ($31 million). The list also includes OKEx, Bitfinex, Coinbase Pro, DigiFinex, MXC, Bittrex and Poloniex. Some exchanges with billion-worth 24-hours trading volume turned out not to have enough liquidity. Thus, EXX whose trading volume is estimated at $1 billion has less than $450,000 of liquidity.

According to Chan, trading “volume has lost its value as a metric.”

“Today, we are introducing a new metric to highlight what matters most to investors and traders: liquidity. With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.”