“Binance is going to announce the acquisition of CoinMarketCap later this week”. Several respected news sources such as TheBlock and Forbes are reporting on a $400 million deal that is in the last stage for Binance to acquire CoinMarketCap. This would make it one of the biggest deals in crypto, ever.
CoinMarketCap is the most-visited crypto website in the world, while Binance is one of the most-visited crypto websites and the biggest cryptocurrency exchange in the world. Binance has the cashflow to do strategic acquisitions and this seems to be their biggest one so far.
A genius move or is there a conflict of interest? My thoughts in this video.
#Binance #CoinMarketCap #crypto
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