Binance has completed its acquisition of CoinMarketCap, the most popular cryptocurrency price data tracking site.
Binance + CoinMarketCap = success!
“The core of CoinMarketCap's DNA is closely related to Binance's ethics and culture, from integrity to the value [which is] freedom, transparency and user focus. Our shared vision will be reinforced with this acquisition to further growth and transparency in the industry. This will enable us to use our strengths, serving together as infrastructure providers "
CEO Binance, Changpeng Zhao (CZ)
But why is Binance buying CoinMarketCap?
CoinMarketCap is the most popular cryptocurrency data aggregator on the market today. 207.2 million hits were registered on the website in six months. Binance has attracted 113.8 million people in the last six months.
The price CZ paid for CoinMarketCap is not publicly known, but media speculates that it is up to $ 400 million.