CoinMarketCap is one of the most popular cryptocurrency data websites, founded by Brandon Chez in May 2013 and acquired by Binance Capital Mgmt in April 2020.
It provides information about the current prices, market capitalizations, trading volumes, and other key metrics of thousands of cryptocurrencies. Some of the key products offered by CoinMarketCap include price tracking tools, portfolio tracking, cryptocurrency education, crypto API, etc
Coinmarketcap API Overview
The CoinMarketCap provides a range of data solutions through its API (Application Programming Interface) services for developers to access real-time cryptocurrency market data. Developers can get variety of data from its API, such as, Price and Market Data, Historical Crypto Data, Exchange data, Global Metrics and more
The CoinMarketCap API allows developers to retrieve this data programmatically, enabling them to build applications and services that integrate with the cryptocurrency market.
The crypto data APIs are widely used by developers, traders, and analysts to build applications, automate trading strategies, and analyze cryptocurrency markets.
How does the CoinMarketCap API work?
The CoinMarketCap API is a web-based API that provides developers with access to real-time and historical cryptocurrency market data. Here is a brief overview of how the CoinMarketCap API works:
Sign up for an API key: To use the CoinMarketCap API, developers need to sign up for an API key, which they can obtain by creating an account on the CoinMarketCap developer portal.
Once developers have obtained their API key, they can get data from CoinMarketCap API endpoints using their programming language of choice. The API supports a variety of programming languages, including Python, Node.js, Java, and PHP.
Retrieve data: The CoinMarketCap API provides a range of endpoints that developers can use to retrieve data on the current prices, market capitalizations, trading volumes, and other metrics of cryptocurrencies. Developers can choose to retrieve data for all cryptocurrencies or specific cryptocurrencies, and they can also retrieve historical data.
Process data: Once developers have retrieved the data they need from the API, they can process it and use it in their applications or services. For example, they might use the data to build a cryptocurrency price tracker or to analyze market trends.
Manage API usage: To ensure that developers are not overusing the API, CoinMarketCap sets rate limits on API requests. Developers should ensure that their applications do not exceed these rate limits, as doing so can result in their API key being suspended.
Overall, the CoinMarketCap API provides a straightforward and convenient way for developers to access real-time and historical cryptocurrency market data, enabling them to build powerful applications and services that integrate with the cryptocurrency market.
Coinmarketcap API features
Here are some of the top features of the CoinMarketCap API:
Real-time data: The CoinMarketCap API provides real-time data on the current prices, market capitalizations, trading volumes, and other metrics for thousands of cryptocurrencies.
Historical data: The API also allows developers to retrieve historical data for cryptocurrencies, including price, market capitalization, and trading volume.
Customizable endpoints: The CoinMarketCap API offers a variety of customizable endpoints that allow developers to retrieve specific data for the cryptocurrencies they are interested in.
Developer-friendly documentation: The API comes with detailed documentation and code examples to help developers get started quickly and easily.
Multiple language support: The CoinMarketCap API supports multiple programming languages, including Python, Node.js, Java, and PHP.
CoinMarketCap API Endpoints
CoinMarketCap APIs offer various endpoints that provide access to different types of cryptocurrency market data. Such as Price and Market Data Endpoints, Historical Data Endpoints, Exchange Endpoints, Blockchain Data Endpoints, Global Metrics Endpoints, Derivatives Data Endpoints
Endpoint paths follow a pattern matching the type of data provided:
- Latest Market Data (*/latest)
- Historical Market Data (*/historical)
- Metadata (*/info)
- ID Maps (*/map)
Here are some of the most commonly used endpoints in the CoinMarketCap API:
/cryptocurrency/listings/latest: Returns a list of the latest cryptocurrency listings on CoinMarketCap, including their current price, market capitalization, and trading volume.
/cryptocurrency/info: Returns detailed information about a specific cryptocurrency, including its name, symbol, website, and social media accounts.
/cryptocurrency/market-pairs/latest: Returns a list of the latest market pairs for a specific cryptocurrency, including their current price, volume, and liquidity.
/global-metrics/quotes/latest: Returns the latest global cryptocurrency market metrics, including total market capitalization, trading volume, and Bitcoin dominance.
Is CoinMarketCap API free?
The CoinMarketCap API offers both free and paid plans. The free plan provides limited access to the API, while the paid plans offer more features and higher usage limits.
The free plan of the CoinMarketCap API allows developers to get 9 latest market data endpoints and 10K call credits /month but No historical data and only for Personal use.
The paid plans of the CoinMarketCap API offer higher usage limits and additional features, such as access to more endpoints, more historical data, and priority support. The pricing of the paid plans depends on the number of requests per month and the level of features required.
Overall, the CoinMarketCap API provides developers with a convenient and powerful way to access real-time and historical cryptocurrency market data, whether they are using the free plan or a paid plan.
CoinMarketCap API Alternatives
As for alternatives, there are several other cryptocurrency data APIs available with better features in Free and Paid options, such as:
Token Metrics API
Token Metrics is an AI driven crypto analysis platform which enables its users to research thousands of cryptocurrencies in an automated way. Token Metrics recently launched a Crypto Data API for crypto investors and developers.
Token Metrics Data API works as a robust crypto API that provides over 14 tested, actionable data endpoints that can empower traders, bots, and platforms. The accuracy and reliability of Token Metrics crypto data helps you make more informed trading decisions with less effort and has been rigorously tested to ensure accuracy.
This AI-powered API allows users to get access to actionable data endpoints to power trading bots, models, and platforms, to make the most money in the crypto space. Developers and crypto traders can easily get the all details from Token Metrics API Documentation.
CryptoCompare API
CryptoCompare Offers real-time and historical cryptocurrency market data, as well as news and social media sentiment analysis. The API supports a wide range of cryptocurrencies, exchanges, and trading pairs, making it a great resource for anyone looking to build a cryptocurrency-related project.
CoinGecko API
CoinGecko provides developers an easy-to-use API that can be integrated into their applications to retrieve information about cryptocurrencies.
CoinGecko API basic version is free* for those who want it for personal use and testing purposes only with some conditions and limits. CoinGecko free API has a rate limit of 10-30 calls/minute.
Final Thoughts
CoinMarketCap is one of the top platforms in the crypto space, providing access to insightful data about thousands of cryptocurrencies and the market.
However, as time goes on, better solutions are being built that are more powerful and use AI to power their data, like Token Metrics. This allows investors to turn data into actionable insights to make informed investment decisions.
