April 21, 2024

Binance buys CoinMarketCap?

The Block: Binance exchange is preparing to purchase the CoinMarketCap serviceBinance buys CoinMarketCap?
According to The Block, cryptocurrency exchange Binanceis at the final stage of negotiations on the purchase of CoinMarketCap service, which tracks the value of cryptocurrencies and the activity of trading floors.

As reported by The Block, citingsources familiar with the situation, a deal valued at $ 400 million will be announced this week. Thus, this will be one of the largest transactions for the acquisition of a company in the cryptocurrency field.


Recall that earlier this year the generalBinance director Changpeng Zhao said the site is preparing for “wonderful acquisitions.” It is possible that he was talking about the purchase of CoinMarketCap service.

Binance buys CoinMarketCap?

CoinMarketCap Service - The Most Popularcryptocurrency data aggregator. Over the past six months, according to SimilarWeb, it has attracted 207.2 million users. At the same time, the Binance platform attracted almost half as much - 113.8 million users.


Sources of the publication report that the service is soThe exchange is interesting precisely because of its large audience. However, Binance remains the most popular cryptocurrency exchange - it accounts for about 22% of all traffic to trading cryptocurrency platforms. True, a step away from leadership is the Coinbase exchange with a share of 21% of users.

Binance buys CoinMarketCap?

Let us remind you that in 2018 in the cryptocurrencyThe industry has already made transactions worth $400 million - then the Circle company acquired the Poloniex exchange, and the Belgian investment firm NXMH bought the Bitstamp exchange.

source: https: //bits.media/the-block-birzha-binance-gotovitsya-k-pokupke-servisa-coinmarketcap/