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CoinGecko brings new category to woo American crypto investors

By admin On Jan 20, 2025

Crypto data aggregator CoinGecko has came up with a new category of tokens based on their “significant connections” to the United States.

CoinGecko, a crypto price data aggregation platform, has launched a new category, which lists tokens tied to the U.S. through their founding teams or company headquarters.

In a Jan. 20 announcement on X, the platform revealed the new category “Made in USA,” which lists tokens that have “significant connections to the United States, either through their founding team or company headquarters.”

New Category: Made in USA 🇺🇸

We’ve added a category for #MadeinUSA coins for Inauguration Day!

Check out the full list:https://t.co/EZes9tQkvw pic.twitter.com/CpA31o9XuS

— CoinGecko (@coingecko) January 20, 2025

The list, which consists of 18 tokens with a total market capitalization of $432 billion, has such projects as XRP (XRP), Solana (SOL), and recently-launched meme coin by President-elect Donald Trump dubbed Official Trump (TRUMP). CoinGecko did not explain the specific criteria for selecting the tokens, which has led to criticism from the crypto community.

You might also like: Ethereum and TRON control 84% of stablecoin market, CoinGecko says

The announcement sparked criticism from the crypto community, with many pointing out omissions of well-known U.S.-connected projects. For instance, Algorand (ALGO) was excluded, even though the network’s founder, Silvio Micali, is a Massachusetts Institute of Technology professor. While the Algorand Foundation operates out of Singapore, some argue its American roots warrant inclusion. Other overlooked tokens include Cardano (ADA), Injective (INJ), and World (WLD), among others.

As of press time, CoinGecko hasn’t commented publicly on the omissions or the methodology behind its selections. The platform may update the listing in response to community feedback, but no official statements have been made.

Read more: CoinGecko denies fake screenshots alleging racist token listing

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