CoinMarketCap to discontinue their free API, launches Pro API
CoinMarketCap, arguably one of the most important website for cryptocurrencies, has quietly announced the discontinuation of their free public API. The free API has now been replaced by the new Professional API. The new pro API limits the user requests and data access, depending on the price plan. The complete list of features can be found here.
The new Pro API features 5 tiers: Starter, Hobbyist, Standard, Professional, and Enterprise. The pricing quotes are as follows:
The Public API will be taken offline on December 4th, 2018. CoinMarketCap urges users to shift to the new Pro API.
“As part of our mission to continue growing the cryptocurrency sector with our partners, our professional API will ensure that the CoinMarketCap data that users know and trust can be integrated into every application. Our API comes with a best-in-class developer dashboard that will help every developer – from hobbyist to large-scale cryptocurrency product teams – make the most of our data.” says Brandon Chez, founder of CoinMarketCap
Cryptocurrency Community Unhappy
The exorbitant pricing of CoinMarketCap Pro API made many enthusiasts unhappy who were using the data for research and hobby purposes. Reddit user “/u/Neophyte” scraped the 5-year-old historic data of all coins listed on CoinMarketCap and made it freely available to everyone on “/r/Cryptocurrency.”
Hobbyists and Cryptocurrency Enthusiasts took to Twitter to express their displeasure regarding CoinMarketCap’s pricing.
Can you please not take down your public API or at least provide more credits per month for the free plan? At least for the data you provide on the homepage, don't see why anyone will pay for that as you can extract it anyway.
— Bojan Petkovski (@p_bojan) August 11, 2018
79$ for a hobbyist is a bit expensive
— Rafael (@dextervip) August 2, 2018
The monthly fee's are crazy high for per month…
— ИдĐяѳJ (@N4DRO) August 1, 2018
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