Worlds largest crypto currency exchange by volume set to acquire crypto price and exchange data tracking platform coinmarketcap
The popular crypto currency exchange binance is currently in talk with the firm to buy it for $400 million dollars.
The acquiring will be completed within This week and binance might sign a deal with the firm to buy and take control over coinmarketcap
binance has been growing since 2017 and now became worlds largest crypto exchange by volume.
coinmarketcap is also a well known website among crypto traders and users. Its been around for 6 years now
This data platform (coinmarketcap) is ranked 570 by alexa ranking and 819 in the united states along.
Coinmarketcap gets alot of traffic from Usa, brazil and india which visit the site daily.
The $400 million deal to take over coinmarketcap will help binance to keep track of the data provided on the platform and handle them by binance.
Many people from crypto space are suspecting that binance will misuse the platform and temper with the data.
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