Post
Topic
Board Altcoin Discussion
Re: Binance may acquire the Coinmarketcap by 400 Million USD!
by
Chuky92
on 31/03/2020, 17:41:51 UTC
It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

I value Binance exchange as one of the best exchanges at the same time I respect the team for always trying to ensure they offer the best, but I think going for this is bad for the entire space. Binance is an exchange and should remain as such, acquiring coinmarketcap will only but give rise to more manipulation from them because all their doings will be for the benefit of their platforms and those who aren't in accordance with what they want might face backlashes. I think this is time for coingecko to step up as people and platforms will try to seek a coinmarket which is somewhat independent.