Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been in the news a lot lately. The Malta-based exchange has been making headlines for its aggressive expansion plans, which includes the launch of a decentralized exchange (DEX), a fiat-to-crypto exchange in Singapore, and a new platform for launching initial coin offerings (ICOs).
Now, it looks like Binance is setting its sights on another crypto exchange: Metamoon.
On May 15, Binance CEO Changpeng Zhao revealed that his team is “exploring” a potential acquisition of Metamoon. In a tweet, Zhao said that the team is “excited about the possibility” of adding Metamoon to the Binance ecosystem.
Metamoon is a relatively new entrant to the crypto exchange space. The exchange was launched in February 2018 and is headquartered in Hong Kong.
NOTE: No, Metamoon is not a Binance. Binance is a cryptocurrency exchange, while Metamoon is an online platform to buy and sell digital assets. It is important to note that Metamoon does not offer any of the cryptocurrency exchange services that Binance does.
Metamoon offers trading pairs in both major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as well as lesser-known altcoins.
A potential acquisition of Metamoon by Binance would be yet another example of the exchanges’s aggressive expansion strategy. Binance has been on an acquisition spree over the past year, buying up a number of smaller exchanges and startUPS.
In March 2018, Binance acquired Trust Wallet, a mobile cryptocurrency wallet provider. And in April 2018, Binance announced its plans to launch a DEX platform powered by the Binance Coin (BNB) token.
The Metamoon team has not yet commented on Zhao’s tweet. It remains to be seen if the two exchanges will come to an agreement on a deal.
If Binance does acquire Metamoon, it would be yet another victory for the Malta-based exchange in its quest to become the dominant player in the cryptocurrency space.
7 Related Question Answers Found
MetaMask is a digital wallet that allows you to store, send, and receive cryptocurrency. It also allows you to access decentralized applications (dapps) on the Ethereum network. MetaMask is available as a browser extension for Chrome, Firefox, Opera, and Brave.
Binance, the world’s largest cryptocurrency exchange by trading volume, has been on a tear lately. The exchange announced a new platform called “BinanceChain” earlier this year and has since been working on launching a decentralized exchange (DEX) on the platform. The DEX is now live in testnet mode.
Multiverse is not a Binance. Binance is a cryptocurrency exchange while Multiverse is a game development platform. However, both are based on blockchain technology.
Conflux is an open-source public blockchain protocol based on the “Proof of Work” consensus mechanism. It is a next-generation blockchain platform that is designed to be scalable, secure, and efficient. Conflux is developed by a team of researchers and engineers from some of the world’s leading universities, including Tsinghua University, Cornell University, and the University of Pennsylvania.
Binance, the world’s leading cryptocurrency exchange by trading volume, has announced the launch of a new platform called “Binance Polymath.” The new platform is designed to help issuers of security tokens comply with regulations and launch their own token sales. Binance Polymath will offer a suite of tools and services to help issuers create compliant security tokens and launch their token sales on the Binance Chain, the decentralized exchange launched by Binance earlier this year. The platform will also provide a marketplace for security token trading and a registry of compliant security tokens.
Fusion is not a Binance. Binance is a crypto-currency exchange, while Fusion is a blockchain application platform. While both platforms offer users a way to buy and sell digital assets, they serve different purposes.
Zilliqa is a new public blockchain platform that is designed to scale in an efficient and secure manner. The Zilliqa team has created a new programming language that is specifically designed for scalable blockchain applications. The language is called Scilla.
