US authorities use CoinMarketCap service to estimate the value of seized cryptocurrency

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In a report published by the US Attorney General's Office, it is indicated that the country's authorities use the CoinMarketCap service to assess the value of seized cryptocurrency.

The document lists the methods forcalculating the price of confiscated digital assets and other property. The cost of virtual currencies is determined by the average market indicator at the time of withdrawal and at the time of sale. The list of “Financial Instruments” includes “Web-based assessment tools”, in particular, CoinMarketCap.com.

CoinMarketCap Portal Provides Informationabout the dynamics of changes in the rate of 4956 cryptocurrencies, the level of capitalization and the number of coins in circulation. In addition, on the resource you can find data on the volume of trade in digital assets on exchanges and the liquidity of trading floors. Now in first place in terms of trade is the Australian company TAGZ Exchange ($ 2.374 billion over the past day). The second line in this indicator is HCoin ($ 2.056 billion). Coinsbit closes the top three ($ 1.457 billion). HitBTC outperformed its competitors in liquidity, which currently stands at $ 70 million. Bitfinex was on the second line ($ 59 million), and Binance - on the third ($ 51 million).