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Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Published 04/04/2020, 01:30 PM
Updated 04/05/2020, 05:00 AM
Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far. In this regard, Binance — the world’s largest cryptocurrency exchange — has recently reached an agreement to acquire CoinMarketCap, one of the most prominent crypto data websites.

The official announcement was made by both companies on April 2, with Binance CEO Changpeng Zhao telling Cointelegraph that CMC and Binance have from the very start been working to make the crypto ecosystem more accessible to people all over the world. Additionally, he also believes that this latest deal will help the two companies build on each other’s strengths, as well as make the industry more transparent and approachable.

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