Binance, the world’s largest cryptocurrency exchange by trading volume, has been rumored to be in talks to acquire CoinMarketCap (CMC), the most popular cryptocurrency data aggregator. The deal, which is reportedly in its early stages, would value CMC at around $400 million.
Binance has been on an acquisition spree over the past year, buying up a number of companies in the cryptocurrency space. The most notable of these was its purchase of Trust Wallet, a mobile cryptocurrency wallet, in July 2018.
Binance has also invested in a number of other startUPS, including derivatives exchange FTX and blockchain data startup DappReview.
If the rumors are true and Binance does acquire CMC, it would be a major coup for the exchange. CMC is one of the most-trafficked websites in the cryptocurrency space, with over 25 million unique visitors in January 2019.
NOTE: This is a common misconception that Binance owns CoinMarketCap. While Binance has invested in CMC, it is not the majority owner. It is important to note that Binance and CoinMarketCap are separate entities and that the information on their respective websites should be used independently.
The website is particularly popular among traders, as it provides detailed data on a wide range of cryptocurrencies.
Binance already has a strong presence in the data aggregator space through its own website, Binance Info. However, Binance Info does not currently offer the same level of data and functionality as CMC.
Acquiring CMC would give Binance a significant advantage over its competitors.
The rumors of a Binance-CMC deal come as no surprise, given the close relationship between the two companies. Binance CEO Changpeng Zhao is an advisor to CMC, and CMC was one of the first exchanges to list Binance’s native token, BNB.
While the rumors are unconfirmed at this stage, it seems likely that Binance is indeed interested in acquiring CMC. If the deal goes ahead, it would be a major boost for Binance’s ecosystem and would cement its position as the leading player in the cryptocurrency space.
10 Related Question Answers Found
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.
Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly acquired CoinMarketCap (CMC), the most popular crypto data site. The deal, which is said to be worth $400 million, was confirmed by CMC in a blog post on Tuesday.
“We are excited to announce that Binance has acquired CoinMarketCap. This is an important step forward in our mission to make crypto more accessible to everyone,” CMC said in the blog post.
Binance, the world’s largest cryptocurrency exchange by trading volume, does not currently offer trading bots. However, the company’s CEO, Changpeng Zhao, has said that they are considering adding support for bots in the future. At present, Binance does not offer any official API documentation or SDKs for developers to create trading bots.
Binance, one of the world’s largest cryptocurrency exchanges, does not currently offer a trading bot. However, the company has been known to investigate the possibility of offering such a service in the future. Binance was founded in 2017 and has quickly become one of the most popular cryptocurrency exchanges.
Binance is one of the world’s largest cryptocurrency exchanges, and FTX is one of the leading exchanges for trading cryptocurrencies. Both platforms offer a wide variety of features and services to their users. However, there is one key difference between them: Binance owns FTX.
Binance and CoinMarketCap are two of the most popular cryptocurrency exchanges. They both offer a wide range of services and have a large user base. However, there are some key differences between the two platforms.
Binance, the world’s largest cryptocurrency exchange by trading volume, does have a trading API. The Binance API is a set of programming instructions that allow third-party software to access Binance’s data and functionality. The API can be used to place orders, check account balances, and more.
Binance is a cryptocurrency exchange that was founded in 2017. Since its launch, Binance has grown to become one of the largest exchanges in the world. Binance offers a variety of features, including a trading platform, a mobile app, and a range of financial services.
Binance, the world’s largest cryptocurrency exchange by trading volume, has been called out for allegedly owning CertiK, one of the “big four” blockchain security firms. The accusation was made by an anonymous Twitter user who goes by the name “notsofast”. The user claims that Binance had CertiK audit a smart contract they were planning to launch on the Binance Smart Chain (BSC).
Binance, the world’s largest cryptocurrency exchange by trading volume, has recently announced the launch of a new product called “Binance Swap”. The product is a decentralized exchange (DEX) that will allow users to trade digital assets without having to trust a central party. This is a big move for Binance, as it further cements their position as a leading player in the cryptocurrency space.
