Crypto's data tracker CoinMarketCap.com (CMC) has launched a professional and paid API for developers and funds, according to an official announcement published on August 1.
The new product aims to serve as a key "pipeline" that will provide accurate and differentiated data for developers and funds through the prices of encrypted products, market capitalization, conversions and data from trading pairs aggregated by multiple exchanges.
According to the announcement of CMC, the new features offered are paid and are divided between "hobbyist" access that starts from $ 79 a month to a "professional" contract that starts at $ 699 a month. This last option is marketed as "the best solution for downsizing cryptographic projects" and extends the historical data available over a period of five years.
CMC presents the new API as a response to the diversification of new cryptographic products and increase in the number of institutional funds investing in the nascent industry. The project notes that the API has undergone a one month beta test phase by users prior to today's launch.
The new API also tracks cryptographic-based derivative markets, with support for futures, options and over-the-counter (OTC) exchanges.
At the beginning of this month, CMC announced its first move to introduce major changes to its exchange listing method, in light of concerns about altered trade volume data. The site has attributed the data relating to volumes to the new model of "transaction tax" that has been recently adopted by some exchanges, both to "artificial volumes" and to the so-called "wash trading" practiced by some actors in space.
As it continues to renew its platform, the five-year CMC has seen tremendous growth, reporting over 60 million unique visits from January to May of this year.