Do they cover all aspects of cryptocurrencies? Are they the first to release breaking news?
How many people read and listen to what they produce?
How accurate is the information they're reporting?
Do they favor certain cryptocurrencies over others?
Since Reddit’s content is user generated, you can find just about all relevant (and irrelevant) information about the crypto world on the various crypto related subpages on Reddit. While nearly all news breaks on twitter, you can be assured that the real conversation about that breaking news story will happen on Reddit.
Piggyback off of Reddit’s massive popularity, especially among programmers and developers, the subpage /r/CryptoCurrency is without a doubt the number one visited site for crypto news.
While many crypto companies and users post legitimate news on Reddit, there is no doubt that Reddit is the central rumor hub and many of the posts are not backed up by primary sources. Since Reddit has started heavily monitoring content, the number of debunk rumors has decreased.
Reddit’s content is all curated from the users so in that sense Reddit itself does not have any biases. During the early crypto frenzy, the cryptocurrency subpage was clearly not sensored and many of the threads were junk. However, since then the subpage has become better monitored but may have stifled Reddit’s following and engagement.
While Reddit is not a news publishing site in the orthodox sense but with virtually all crypto news breaking on Reddit and many companies posting official news on a subpage we had to include it.