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-Binance announced on April 2, 2020 that it has reached an agreement to acquire CoinMarketCap. Together, they will pursue their common vision of making cryptoassets more accessible and useful to users around the world.
-CoinMarketCap will continue to be run as an independent entity.
-Brandon Chez, the founder of CoinMarketCap, will be stepping down to focus on his family. He will be passing the baton to Carylyne Chan, former Chief Strategy Officer, who is now the interim CEO.
The global blockchain company behind the world’s largest digital asset exchange by trading volume and users, Binance, today announced that it has acquired CoinMarketCap, the world’s most-referenced cryptoasset data tracking site, for an undisclosed sum. Binance and CoinMarketCap will together pursue their common vision of making cryptoassets more widely accessible and useful to users globally.
CoinMarketCap will continue to be run as an independent business entity. While the Binance cryptocurrency exchange and its native token BNB are listed on CoinMarketCap, CoinMarketCap and Binance are separate entities that maintain a strict policy of independence from one another: Binance has no bearing on CoinMarketCap rankings, while CoinMarketCap has no influence over Binance’s operations. CoinMarketCap stays committed to providing the most accurate, timely and quality cryptocurrency data in the industry while benefiting from Binance’s expertise, resources and scale.
Binance is widely recognized as the largest cryptocurrency exchange worldwide, providing the best liquidity, transaction execution and price discovery for the largest selection of cryptocurrencies. Binance is trusted in the industry for abiding by the ethos of cryptocurrency, doing right by its users, setting industry standards for transparency and spreading the freedom of money.
CoinMarketCap is known as the most-trafficked website to obtain cryptoasset and exchange information and rankings. It is one of the most-cited sources for cryptoasset prices and exchange trading volume, and has maintained independence from external stakeholders since inception.
Blog: https://blog.coinmarketcap.com/2020/04/02/binance-and-coinmarketcap-announce-acquisition-to-collectively-make-cryptocurrency-more-accessible-for-everyone/
