The acquisition makes it one of the biggest mergers seen in the cryptocurrency space as Binance is a world leader in regards … Binance, the global blockchain company behind the world’s largest digital asset exchange, has recently completed the acquisition of CoinMarketCap, the world’s most-referenced cryptocurrency data tracking site. A stake from Binance might likely work better than an acquisition, just defeats the purpose of having a balanced and neutral index aggregator," wrote Eugene Ng, head of sales at Matrixport and former trader at Deutsche Bank. Some of the companies Binance has acquired in recent years include wallet provider Trust Wallet, India-based cryptocurrency exchange WazirX and crypto derivatives exchange JEX. First click the link to go to Binance’s registration page. It’s among the greatest bugaboos of cryptocurrency: centralization. Have a question about #Binance's recent acquisition of @CoinMarketCap? Step 1: Go to the Binance registration page. Coinmarketcap’s ability to drive traffic is seen as a reason for Binance to acquire the website. Its latest acquisition is that of market index aggregator Coinmarketcap. Join us tomorrow (Friday, April 3rd) at 3AM UTC, for a live video #AMA with @cz_binance, here on Twitter! Source: Adobe/mehaniq41. Binance Coin was established by Binance, the largest and most popular crypto trading platform in terms of volume. The Block, a cryptocurrency news site, reports that Binance, a leading exchange, will acquire CoinMarketCap (CMC) for a jaw-dropping $400 million. “The core DNA of CoinMarketCap is strongly aligned with Binance’s ethics and culture, from its integrity to its value of freedom, transparency, and user-focus. Dear CoinMarketCap Community, Today is a big day for our industry! From my perspective, the single most important factor for deciding to join under the Binance umbrella was our shared vision for the future of crypto. CoinMarketCap was previously considered a relatively shady data provider, and the Binance acquisition aids that narrative now. In it, soon-to-be CEO Carylyne Chan seeks to reassure users that the website will remain independent, and will put greater efforts into offering more services. The CoinMarketCap acquisition will likely help Binance strengthen its position as the dominant cryptocurrency exchange even further. Today, the largest crypto exchange, Binance, announced its acquisition of the most popular crypto data aggregation platform, CoinMarketCap (CMC). CoinMarketCap Acquisition by Binance: Centralization in Action Even with everything that’s going on with the worldwide health and economic crisis of 2020, this year has still brought the crypto community other major events. And he believes this to be another acquisition that solidifies the Binance ecosystem leading to a fast-paced expansion. And now it’s your turn. The Binance acquisition of coinmarketcap.com is ostensibly a cash-and-stock deal that involves $400 million. Binance notes that the acquisition of CoinMarketCap is to join “forces to make crypto more accessible worldwide”. Business 1 September 2020 Patrick Thompson . However, CoinMarketCap’s reach is far beyond any of its competitors. Binance has acquired the largest cryptocurrency data tracking site, CoinMarketCap (CMC), the exchange announced today. The list of acquisitions includes – Trust Wallet, popular DApp review website – DApp Review, Indian cryptocurrency exchange – WazirX and the latest Coinmarketcap. They include DAppReview, and JEX. Major crypto exchange Binance confirmed that it has acquired CoinMarketCap, adding that the biggest crypto market data provider will continue to be run as an independent business entity.. Binance, the largest cryptocurrency exchange by trading volume has recently announced the acquisition of the leading cryptocurrency market data company, CoinMarketCap. If completed, this will be one of the biggest deals in the digital asset industry to date. With each acquisition, Binance seems to be laying claim to a pocket of power and centralizing it within an exchange which is headquartered God knows where. Binance buys CoinMarketCap. Binance is considering to acquire Coinmarketcap.com, a digital currency data aggregator, and is already in the final stage of inking the deal.. CoinMarketCap is … $400 million. Binance and CoinMarketCap Confirm Exchange’s Acquisition. Binance Acquisition Spree. Executives of CoinMarketCap have released an open letter discussing the Binance acquisition. This acquisition is one of the biggest acquisitions in the field ever. On Twitter, the response was also skeptical. It was alleged that the acquisition was worth around 400 million. Per the anonymous sources of the publication, the … This huge acquisition, which results in the combination of the two most trusted brands in crypto is seeing as a big means for the cryptocurrency industry to advance further. Binance has officially announced its acquisition of CoinMarketCap.It was reported earlier this week that an announcement of the purchase was … Coinmarketcap, the largest data aggregator in the crypto space, announces its acquisition by Binance. Binance CEO Changpeng Zhao (CZ) stated that the deal was made on March 31 st. great AMA CZ! Brandon Chez Steps Down as Binance Completes Acquisition of CoinMarketCap It all started out as a rumor and many thought it was just another April Fool’s prank, but it is now official. "Who would ever trust CoinMarketCap after this, doesnt make sense. Originally reported by The Block on Tuesday, the deal can go as high as $400 million.. Binance is on an acquisition spree, acquiring companies that will most likely help them become a monopoly. Binance CEO Changpeng Zhao, also known as CZ, has announced a CoinMarketCap (CMC) buyout. Binance Announces CoinMarketCap Acquisition, CZ Gives the Scoop While global markets are experiencing tough times amid the coronavirus pandemic, the crypto industry is getting stronger as its core players have tapped one of the biggest crypto mergers in history. CoinMarketCap is the first spot for most crypto traders and an excellent way for Binance to turn their heads in the exchange’s direction. Binance Buys CoinMarketcap. Five of CoinMarketCap’s top employees have reportedly left the company. Binance Buys Coinmarketcap: In brief, Binance is one of the most innovative cryptocurrency exchanges in the market. CoinGecko and Nomics remain amongst a small group of independent providers with easy interfaces for new users in crypto. Classical economic theory insists monopolies cannot exist due to the nature of free markets. If you haven’t heard the news, please read the announcement that outlines the details of Binance’s acquisition of CoinMarketCap. The undisclosed … A great example of this is the recent announcement the world’s biggest crypto exchange, Binance, made today informing of its recent acquisition of CoinMarketCap, the most popular watchlist of […] Still, some critics considered the acquisition as a conflict of interest and expressed their opinion that CoinMarketCap should keep its independence. This amount makes it one of the largest acquisitions of a coin tracking platform in history. News leaked today that the exchange had acquired data marketplace CoinMarketCap.com for a whopping $400 million. Acquisition cheers. Crypto exchange behemoth Binance has officially acquired CoinMarketCap (CMC) — the most popular cryptocurrency trading data provider in a move that has sent tongues wagging in the industry. … Some pundits in reaction to the development question whether the CMC acquisition by Binance … CoinMarketCap key executives step down amid Binance acquisition. How to register? Binance, in the words of Ethereum’s Vitalik Buterin, is an exchange that has “too much power,” one that might be perpetuating centralization while its CEO harps on about decentralization . Binance Acquires CoinMarketCap Step 2: Fill out the form by entering your email and password. Our common vision will be strengthened by this acquisition to further growth and instill transparency in the industry. The rumours surrounding the Biannace acquisition of one of the most-referenced crypto data websites, Coinmarketcap, has now been confirmed for an undisclosed fee — rumours suggested it could have been as much as $400 million. As a global pandemic continues to cause unprecedented damage to every single economy it hits, the crypto industry seems to be getting more traction than ever. Both companies did not disclose any other details of the deal, which is said to be valued at up to USD 400 million.. Brandon Chez, the founder of CoinMarketCap, … Binance officially revealed that it has acquired CoinMarketCap, one of the most used crypto and exchange data aggregators. Binance Excited to Work with CoinMarketCap Analysts CMC is the most cited source when it comes to the cryptocurrency, blockchain and Bitcoin data. One of them was the deal that closed on March 31st and made CoinMarketCap’s acquisition by Binance official. The companies officially announced the acquisition to Cointelegraph on April 2. Incentives are such that another business will undercut any attempt in that direction. Binance, the world’s biggest cryptocurrency exchange, has reached an agreement to acquire CoinMarketCap, one of the most-referenced crypto data websites, in an undisclosed deal. Crypto exchange Binance is acquiring CoinMarketCap for up to $400 million, according to a report by the Block. Binance is continuing to increase its empire and suite of businesses. The Block reported that Binance is looking to acquire the crypto data aggregator for $400 million, making it one of the largest acquisitions in the crypto industry. CoinMarketCap also retweeted Binance tweet about a live video on Twitter where questions about the acquisitions are going to be answered. It is stated that the stock exchange made a bid of $ 400 million for this. The deal will see the cash-rich exchange aid CMC financially, and it will also provide insight into how to grow the platform, according to both parties. The crypto trade-volume and statistics aggregator joins a growing list of companies acquired by the gargantuan Binance crypto exchange over the past two years. The cryptocurrency exchange Binance is about to buy CoinMarketCap. It not only Binance and CoinMarketCap who are popping the corks off but crypto proponents like Tommy Mustache also seem quite excited. The news confirms earlier reports of Binance looking to purchase CMC for $400 million.
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