The largest digital asset exchange by market cap, Binance.com has reached an agreement to acquire CoinMarketCap.com(CMC). Coinmarketcap.com is one of the widely used resource for information about cryptocurrency. The second popular platform in the crypto space serves information such as total supply of a coin, circulation supply, market cap, price, trading volume, etc. about coins/tokens and cryptocurrency exchanges.
In a press release earlier today, CoinMarketCap announced this strategic partners and stipulated that coinmarketcap will still run as an independent entity regardless of the acquisition.
CoinMarketCap also stated that, the founder Brandon Chez, will resign to attend to his family while Carylyne Chan act as an interim Chief executive officer.
With many people in the crypto space thing Cz Binance has acquired CMC to influence their operation to his interest. He has made it clear that, its just to strengthen the vision of helping for cryptocurrency to reach out to people of all walks of life.
"Our common vision will be strengthened by this acquisition to further growth and instil transparency in the industry." - @cz_binance
An AMA session has been scheduled for tomorrow to address all queries in order to clear any form of curiosity as seen in some of the replies to Binance.com tweets.
