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.
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.