01 May 2020 · 1 min read

This Crypto-themed CoinMarketCap Roast Is Getting Spicy

How did you celebrate your seventh birthday? With a cake, party games and balloons? Not so for the biggest crypto market data provider CoinMarketCap, whose operators decided to fete the seventh anniversary of the site’s founding by asking all-comers to take part in a roast on that most unforgiving of platforms, Twitter.

Source: Adobe/davit85

In an accompanying blog post, CoinMarketCap (CMC) gave itself a hearty pat on the back, too, listing many of its achievements. And it got the roast off to a gentle start, quipping that “our website occasionally loads like it’s 1999.”

But the world of social media is rarely so restrained, and some users relished in the opportunity to let rip in what has already become a riveting Twitter thread.

Some decided to go the whole hog (pardon the pun), with a video full of allegations about CMC’s seemingly sky-high high tolerance levels for shitcoins, fake tokens and exit scams.

Changpeng Zhao, CEO of major crypto exchange Binance that recently acquired CMC, jumped in to take a swipe, not so much at CMC itself, but rather at arch crypto skeptic Peter Schiff.

However, it looks like the CoinMarketCap team (or their PR agency friends) were ready to give as good as they got. In an effort to elicit a ribald from another major exchange OKEx, they issued this biting jibe:

Ordinary punters, too, were not safe from the razor-sharp wits behind the red-hot CMC keyboards.

And it seems that even more skeptical Twitter users decided to play along, albeit begrudgingly in some cases.

"Our goal for this roast is to enjoy the day with the online crypto community, while infusing humor into the space during this unprecedented time," the company said.

CMC had more than 36 million visits in March, compared with 8 million visits at their closest competitor CoinGecko and with 3 million at CryptoCompare, according to Similarweb data.