The CTO of Bitfinex, Paolo Ardoino, has claimed glitches prevalent in CoinGecko’s reporting. The CTO posted on Twitter raising concerns over under-reporting of market data on Bitfnex by the coin market ranking website.
Ardoino questions the ways implied by CoinGecko to calculate the depth value. According to the website, Bitfinex holds a +/-2% depth value at around $260,000. The CTO asserts that the actual value should be approximately $4 million.
. @coingecko is it possible that you’re under-reporting the +/-2% depth values for @bitfinex ?
They are reported as ~260k but actually are around 4M. Am I correct or misinterpreting how to read the info? pic.twitter.com/jk4OhLTs1Q
— Paolo Ardoino (@paoloardoino) October 31, 2019
In response to Ardoino’s tweet, CoinGecko admitted the erroneous data stating ongoing issues with the API recording the precision and length of the order book.