CoinMarketCap to Remain 'Independent' as Binance Confirms Acquisition

Do repost and rate:

Source: Adobe/mehaniq41

Major crypto exchange Binance confirmed that it has acquired CoinMarketCap, adding that the biggest crypto market data provider will continue to be run as an independent business entity.

The company did not disclose any other details of the deal.

Brandon Chez, the founder of CoinMarketCap, will be stepping down as CEO and will be replaced by Carylyne Chan, the current Chief Strategy Officer, as interim CEO, according to the press release. Chez is planning to focus on his family after seven years of running the company and will remain as an advisor to the company, it added.

CoinMarketCap said it intends to expand its information offerings to include trading products such as futures, options, lending, and "more value-added data analytics and tools."

"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," both companies said.

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость