Binance, Exchanges

Is CoinMarketCap Owned by Binance?

CoinMarketCap is a website that provides cryptocurrency market capitalizations, pricing, and volume information for over 4,000 cryptocurrencies. It is one of the most popular cryptocurrency websites.

Binance is a cryptocurrency exchange that launched in 2017. It is one of the largest cryptocurrency exchanges by trading volume.

NOTE: CoinMarketCap is a third-party website that does not have any direct connection to Binance. Therefore, it is advised to be cautious when reading information about Binance on CoinMarketCap. Furthermore, it is recommended that any investment decisions be made independently and not based solely on information from CoinMarketCap.

CoinMarketCap is not owned by Binance. However, Binance has invested in CoinMarketCap. In March 2019, Binance invested $400,000 in CoinMarketCap through its venture arm, Binance Labs.

The investment was part of CoinMarketCap’s $1 million seed round. Binance CEO Changpeng Zhao sits on CoinMarketCap’s advisory board.

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