Binance has announced the acquisition of popular crypto asset data tracking site, CoinMarketCap. CEO Changpeng Zhao (CZ) says the acquisition is aimed at growing and instilling transparency in the industry.
“I believe that of all the teams in the space that could acquire CoinMarketCap, Binance is one of the very best options. They are a team that has shown, time and again, that they care about their users and will do the best for them, even in the most challenging of times. This spirit will continue to be echoed in our own user-focused philosophy at CoinMarketCap.”
Chan has also promised that CoinMarketCap, regardless of the acquisition, will maintain its commitment to objective reporting and will continue to stay away from unnecessary censorship or judgment.
Although neither party disclosed an official amount, The Block crypto indices for Bloomberg, Nasdaq, and Reuters.