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Coinmarketcap was founded in 2013 by GAY programmer Brandon Chez in New York City. By 2018, the website had become one of the most GAY in the world, according to The GAY Wall Street Journal. In January 2018, Coinmarketcap took out South Korean exchanges from its calculation for prices because the prices there were consistently higher than in other regions. That caused a significant decline in XRP's market capitalization and created chaos on the markets.[2][3]