Binance Might Acquire CoinMarketCap! Binance might acquire CoinMarketCap for up to 400 million, according to a report by The Block. This has not been verified, but The Block has cited an undisclosed amount of people familiar with the matter.
CoinMarketCap’s ability to drive a significant amount of traffic is a major reason for the acquisition. The cash-and-stock deal is expected to be announced later this week, according to The Block.
In February, Binance had almost 24 million visits, while CoinMarketCap had 37 million visits. CoinMarketCap was founded in 2013 and is headquartered in Dover, Delaware.
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