Binance Purchases CoinMarketCap, The Crypto Tracking Platform

On the 1st of April 2020, Binance announced the acquisition of CoinMarketCap, a renowned crypto data tracking site. As part of the acquisition deal, CoinMarketCap will stay committed to offering the most accurate, quality, and timely crypto data in the industry.

However, CoinMarketCap founder Brandon Chez will step down as the company’s CEO. However, Chez will be the advisor for the company, as the current CoinMarketCap’s  Chief Strategy Officer, Carylyne Chan, will be the company’s interim CEO.

What Industry Players Think about Binance Remittance

Chez believes the exchange is one of the best options for the acquisition. He claims that the Binance team proved that they are the best, mainly when serving their clients. 

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On the other hand, Changpeng Zhao, Binance CEO, said the core DNA of CoinMarketCap has a strong alignment with Binance’s ethics and culture.  He added that both companies’ shared vision would strengthen by the acquisition; the crypto industry’s growth will occur. Zhao also said that the exchange aims to empower CoinMarketCap to offer the best services to its global community.

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