Coinbase, Crypto.com Blame Price Glitches on CoinMarketCap (3)

The finger-pointing has already started after data glitches resulted in the brief display of astronomical gains for many cryptocurrencies late Tuesday.

Crypto.com Chief Executive Kris Marszalekblamed popular data provider CoinMarketCap.com and said it was working to remove the “unreliable price feed” from its site. Coinbase Global Inc. President and Chief Operating Officer Emilie Choi also cited bad pricing data from CoinMarketCap.com, which is own by rival exchange Binance.

The incident was “indicative of an emerging industry,” Choi said during an interview Wednesday at the Bloomberg Technology Summit. Coinbase, the largest U.S. crypto exchange, has more than 70 million ...