OkEx chief strategy officer, Alysa Xu, called out crypto data site CoinMarketCap, or CMC, for its recent exchange ranking rationale, proclaiming the platform dead.

"Fairness and justice are the ground of all rankings," Xu said in a May 15 post on Chinese microblogging site Weibo. "CMC is dead, and nosotros mourn together tonight."

CoinMarketCap recently changed its ranking metrics

Binance recently rose to the height of CMC's crypto exchange rankings after the information site inverse the rationale by which it composed its list. CMC at present shows exchanges ranked in club of web traffic, instead of liquidity or volume. Binance acquired CMC about six weeks ago, paying several hundred 1000000 dollars for the platform.

In November 2022, Carylyne Chan, CMC's chief strategy officer and acting CEO at the time, said she did not approve of ranking exchanges based on web traffic.

Binance CEO, Changpeng Zhao, mentioned the updated metric in a May 14 tweet, explaining:

This ranking is currently heavily biased towards web traffic, not 100% authentic, but amend than before. Will continue to iterate."

Xu says other exchange metrics take priority

As part of her statement confronting CMC's contempo changes, Xu labeled security, "custody of hundreds of billions of user assets," and pregnant responsibility every bit priority when it comes to exchange rankings. Liquidity comes every bit the second most important aspect, forth with transaction scale. She besides mentioned client feel, services, and the platforms themselves, in various capacities.

"In the era of mobile internet in 2022, ranking with spider web parameters the list is either ignorant or shameless," Xu said of CMC's new format.

Cointelegraph reached out to OKEx and Binance for comment, just received no response as of press time. This article will be updated accordingly upon receipt of a response.