CoinMarketCap, a leading cryptocurrency data provider, has launched an updated mobile application for iOS and its debut Android version. This release introduces significant features, including personalized user accounts and customizable price alerts, aiming to improve how users track the dynamic crypto market.
Key Features of the New Mobile App
The updated application is designed to provide a more integrated and user-friendly experience for monitoring cryptocurrency prices and news.
Personalized User Accounts and Alerts
For the first time, users must create a CoinMarketCap account to access the app's full functionality. This account system enables personalized features, such as setting price alerts for any cryptocurrency listed on the platform. Users can receive notifications when prices hit specific targets, helping them make timely decisions.
Advanced Charting and Data Tools
The app includes advanced technical analysis tools. Users can view detailed candlestick charts and access daily historical Open-High-Low-Close (OHLC) data. This allows for a deeper analysis of market trends and price movements directly from a mobile device.
Comprehensive Market Overview
Beyond tracking, the application aggregates news from various media outlets, offering a centralized feed for market updates. Additionally, a comparison function lets users easily evaluate the performance of different cryptocurrencies side-by-side.
Evolution of CoinMarketCap's Services
This mobile app release is part of a broader expansion of services from CoinMarketCap. The platform has continuously evolved to meet the growing demands of the crypto community.
API Services for Institutional Clients
Last year, the company launched a professional, paid API service tailored for developers and funds. This service provides extensive data on crypto derivatives markets, including futures, options, and over-the-counter trading data, available for a monthly subscription fee.
Collaboration with Major Financial Data Platforms
In a significant move towards mainstream financial integration, CoinMarketCap announced the launch of two cryptocurrency benchmark indices. These indices are distributed through major platforms like the Nasdaq Global Index Data Service, Bloomberg Terminal, and Thomson Reuters Eikon, making crypto data more accessible to traditional investors.
Addressing Data Accuracy
Following industry research that raised concerns over the accuracy of reported trading volumes on some exchanges, CoinMarketCap committed to revising its listing metrics. This initiative aims to provide more transparent and reliable data to its users, reinforcing its commitment to trustworthiness.
The Growing Importance of Mobile Access
The launch of a dedicated Android app, alongside the enhanced iOS version, highlights the importance of mobile accessibility in the crypto space. With markets operating 24/7, the ability to monitor investments and receive instant alerts on-the-go is invaluable for traders and enthusiasts alike. This is a crucial step for staying informed in a fast-paced environment. 👉 Explore more strategies for tracking crypto markets
Frequently Asked Questions
What are the main benefits of the new CoinMarketCap app?
The app provides real-time price tracking, customizable alerts for price changes, and advanced charting tools. Having a user account allows you to personalize your experience and sync your preferences across devices.
How do I set a price alert for a cryptocurrency?
After creating an account and logging into the app, navigate to the page of your desired cryptocurrency. There, you should find an option to set a price alert, where you can specify the target price at which you wish to be notified.
Is the CoinMarketCap app free to use?
Yes, the core features of the mobile application, including price tracking, charts, and news, are free to use. The company offers a separate, paid API service for professional and institutional clients requiring more advanced data.
Can I compare different cryptocurrencies in the app?
Absolutely. The app includes a feature that allows users to select and compare the performance and data of multiple cryptocurrencies simultaneously.
Why did CoinMarketCap change its exchange listing metrics?
The changes were implemented to combat issues of fake trading volume reported by some exchanges. The updated metrics are designed to offer users a more accurate and trustworthy representation of market activity.
Does the app provide news updates?
Yes, the application features a news section that aggregates and displays articles from a variety of crypto and financial media outlets, helping you stay updated on major market events.