CoinMarketCap announces the launch of its own subreddit

On 10th July, CoinMarketCap, the go-to hotspot for all things related to cryptocurrency announced their own subreddit on Twitter. At the time of writing, the subreddit has 192 subscribers.

CMC's tweet | Source: Twitter

CMC’s tweet | Source: Twitter

The company website states:

“We believe in an open and decentralized world, where we play a pivotal role in powering decisions and insights to drive greater understanding and adoption of cryptocurrencies. We want to achieve this mission with people who truly believe in the value and potential of empowering individuals.

The company’s subreddit post says:

“We will be posting updates and having more conversations with you here about crypto, market caps, how the market is doing, product improvements, feedback surveys, etc – our team is excited to be able to talk to all of you directly.”

CoinMarketCap is used by cryptocurrency holders and enthusiasts alike to gain information about the existing cryptocurrencies in the market. This includes market cap, price, market volume, and circulating supply of the tokens.

Reddit Co-Founder Alex Ohanian has been an active cryptocurrency pundit since he quit managing the site. He recently called cryptocurrency ‘fuel for a new internet’ and has been outspoken about his beliefs that cryptocurrency can be a real solution for those who are under-serviced by fiat banking institutions.

Chris Slowe, the CTO of Reddit has stated that the platform will soon start accepting cryptocurrency as payments again.

Adv, a Twitter user commented:

“Add FCoin on Exchange!”

Ian Thomas, another Twitter user had a different take on the subreddit:

“hope you guys are ready for a whole new level of stupidity. crypto reddit is a monolith of monosyllabic mouth breathers muttering wen moon.”

Oald, a Reddit user commented on the subreddit:

“Wow, this is great news!”

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