Forbes just brought more validation for the legitimacy of the crypto space by launching its very own crypto website called Forbes CryptoMarkets.
This platform was developed together with the private investment company called NewCity Capital and the blockchain startup Trade.io, as reported by Oracle Times.
The platform will provide the most relevant data for crypto watchers
Forbes CryptoMarkets will provide real-time pricing data for the top 200 cryptos and these will be sorted by market capitalization.
The platform will also boast a news aggregation column on its right side and this will show top stories from the most important crypto publications.
The official announcement also said that the platform will feature “Content from Forbes.com and other sources, including insightful articles and in-depth video interviews with cryptocurrency pioneers, thought leaders and other experts.”
CEO of Forbes Media Mike Federle said regarding the launch that, “Forbes CryptoMarkets, a newly licensed business, represents a natural extension of our powerful brand into a new venture that promises to deliver immense value to investors, traders and market watchers.”
Chein Lee who is currently the Chairman of NewCity Capital will probably lead the platform.
He stated that they are glad to be teaming up with Forbes in order to be able to offer crypto-enthusiasts a trusted source with relevant data on the emerging digital economy.
New competition for CoinMarketCap
Forbes CryptoMarket will become a direct competitor with CoinMarketCap.
The platform will also have a feature that will be unique in the market at the moment: it will be able to track the performance of crypto-based indices.
For instance, the “FB30” index lists the 30 most valuable cryptocurrencies weighted by market capitalization.
As the website explains, “The index applies weight ceilings and floors to the constituents.”
“Forbes provides the most comprehensive coverage of the cryptocurrency and blockchain marketplaces of any major media business brand in the world,” said CEO of Forbes Media.