Cryptocurrency Exchange Binance buys the CoinMarketCap

Cryptocurrency Exchange Binance buys the CoinMarketCap

Cryptocurrency exchange Binance is reportedly negotiating to purchase the cryptocurrency price and data tracking platform CoinMarketCap, and negotiations are about to be completed. Binance will pay $ 400 million to CoinMarketCap for this deal. The deal is expected to be announced this week, and if completed, it will be one of the biggest purchases in the cryptocurrency space. Changpeng Zhao, CEO of Binance, said that they would make two acquisitions earlier this year in 2020, which he was very excited about. It is noted that one of the two agreements mentioned by Zhao, which describes them as "big" and "will have a significant effect", may be CoinMarketCap. CoinMarketCap received 207 million visits when we look at its data in the last 6 months and it is the 1733th most visited site in the world. However, Binance's number of visits in the last six months is 113.8 million. The traffic of CoinMarketCap is 80 percent more than Binance.