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Author Topic: Binance may acquire the Coinmarketcap by 400 Million USD!  (Read 190 times)
pacman7331
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March 31, 2020, 10:45:55 AM
 #1

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

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March 31, 2020, 10:57:52 AM
 #2

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?
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March 31, 2020, 11:29:54 AM
 #3

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?
Not that much effect IMO. But with this news, many would likely fall for hype, we knew everyone who attached themselves with news. The price could be big but the amount CZ releasing isnt a burden for them. He is wise, and smart, every penny he spend on something worth 10x in return.

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business.
Not just bad idea, but could be worse, how, once he control a tool for this, he can now drive projects which he want to support and destroy in terms of volume manipulations. And lets get real here, CMC has a powerful ads everywhere. CZ is scary, he could be the next big thing with his ways.

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March 31, 2020, 11:50:45 AM
 #4

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?
There is nothing positive coming out of this deal for Crypto, in general, and I believe 400 Mill Dollar is a bit too much for CMC. But who knows what CZ has got in his mind. This guy is definitely a genius and he knows what he doing. Binance is just evolving to be the Amazon of the Crypto Space, the final go-to place. 
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March 31, 2020, 11:55:05 AM
 #5

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 prefer that CMC will be manage by independent organization that are not against nor in side of any currencies out there to maintain the balance of their data. But if CMC will fall to the hands of Binance there is a big chance that the data in CMC will not be that trustworthy compare to what we have seen right now.

Though it is only my opinion because I am not so sure yet what is the big reasons behind the action of Binance in buying the CMC. If this will not affect that much to the freedom of data in crypto world then I have no problem to it as I am also a user of CMC and almost all the data that I need are coming from that site.

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March 31, 2020, 11:57:31 AM
 #6

This would be huge. CZ already has a big reputation in the crypto scene and the community sees him as very successful. If ever this is real and that he wants to get CMC for $400m, that may be a bit overpriced but I think he has plans for it. Some projects are taking this route similar to AVA where they will be acquiring a private markets platform that empowers investors to manage alternative investments. The CEO and other team members will join AVA full time and all their partnerships will be merged in. Nevertheless, excited to see what Binance and CMC will both do in the future.
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March 31, 2020, 11:59:38 AM
 #7

For us, it looks like this deal is a mistake 400 million USD for a price tracker website? It does not help Binance either from what I see. But CZ is a businessman he will get and use everything to his advantage, Look at Binance now it is on top, so acquiring Coinmarketcap might be helpful and beneficial for Binance and crypto community. Maybe they are going to audit and delist sh*tcoins, exchanges with fake volumes generated by bots. Maybe we will be seeing a better CMC, let's find out if their deal will continue.
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March 31, 2020, 12:04:46 PM
 #8

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
It's too much for a crap exchange site like coinmarketcap which always helping scammer. I personally will prefer to see binance will try to acquire crypto rank rather than MCAP. it looks like that binance is looking for the traffic that has already acquired by MCAP site.


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March 31, 2020, 12:14:21 PM
 #9

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
It's too much for a crap exchange site like coinmarketcap which always helping scammer. I personally will prefer to see binance will try to acquire crypto rank rather than MCAP. it looks like that binance is looking for the traffic that has already acquired by MCAP site.

Not for advertising, now most of the people are searching coins through CMC, which many people are losing their money through fake pumps which are listed in the CMC. Once if Binance acquires CMC there is a huge change in terms of listing because the will be in a selective manner in order to eliminate fraudulent.

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March 31, 2020, 12:23:36 PM
 #10

If you are asked what is the most popular crypto tracking website which will you choose? CMC is the first but they kill their reputation since 2019 when they failed to give the best rating to exchanges this misleading many users, I believe if binance take over many exchanges will be dealt with

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March 31, 2020, 12:34:25 PM
 #11

There will be no effect in crypto in my opinion. I would agree that it is big money, and it's a win situation for cmc. But Binance is willing to pay them that much so lucky them. We don't know what Binance will do to cmc though, it they change the whole settings, then there might be a quite few who will shift their attention to similar services like https://www.coingecko.com/en. So lets see if Binance will overhaul everything specially ads for scam and pump&dump coins.

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March 31, 2020, 12:41:50 PM
 #12

Why does Binance intend to buy coinmarketcap? Do they want to manipulate this market by acquiring the most accurate analytics website? If that's true, I think they shouldn't do it because investors will feel insecure, and $ 400 million seems to be too much to buy coinmarketcap.
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March 31, 2020, 12:44:32 PM
 #13

I wish CMC is another form of Bitcoin itself where no one can buy or manipulates, now if binance acquired CMC what do you think will happen? The CEO will feel like a king and only do as her see fit, I don't like this idea at all
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March 31, 2020, 12:53:29 PM
 #14

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up?

But coinmarketcap only uses algorithms to gather data from exchange. Listing on CMC doesnt mean anything. Everyone can fill the form and get " listed" or as I would say "have a page on coinmarketcap". Listing on cmc is like listing in excel...This is just a list... The problem is that naive users thinks that listing there means altcoin is traded somewhere.

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March 31, 2020, 12:56:33 PM
 #15

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?
There is nothing positive coming out of this deal for Crypto, in general, and I believe 400 Mill Dollar is a bit too much for CMC. But who knows what CZ has got in his mind. This guy is definitely a genius and he knows what he doing. Binance is just evolving to be the Amazon of the Crypto Space, the final go-to place. 
I thought my view on the valuation of the website was bias. All they do was analyse the market and list coins and exchanges. Binance is taking the market with this acquisition and consider such holding as excessive and greedy. They have always tried to determine the state of the market for the past 2 years and this will proceed to more manipulation of the space and distrust of every information that comes out of the website. A revelation of a silent take over after a year would have been better.
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March 31, 2020, 01:15:34 PM
 #16

I wish CMC is another form of Bitcoin itself where no one can buy or manipulates, now if binance acquired CMC what do you think will happen? The CEO will feel like a king and only do as her see fit, I don't like this idea at all
Agree with you, I don't like this happening either. If Binance acquires coinmarketcap, it will surely become king in this market and they can manipulate everything. Hope it will never come true
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March 31, 2020, 01:26:24 PM
 #17

I guess this guy (CZ) knows and understands what he is doing, irrespective of the amount he is paying.
I see him as Mr Capable.
If he succeeds in acquiring it, he might gain a lot of control in the crypto space. Selling it to him is relinquishing a lot of power to him. Already, this guy has one of the biggest if not the biggest exchange in the crypto space. now he wants to take over the face of cryptocurrencies and exchanges, which is CMC. I think that is a lot.
Anyways, if he succeeds in getting it, a big congratulations to him, but the aftermath on other projects and excnages is what i cannot say.
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March 31, 2020, 02:15:14 PM
 #18

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.


CMC is known for helping scammers because all of their top exchange rank is false, big lie and shame. In CMC all the top rank exchanges are garbage and shit in real. Almost zero real volume! Therefore, CMC is a partner of IDAX exchange, Hydax sigma tool, and they are scam now! This is how CMC helping scammers!


I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?

Absolutely right! CZ is seeking for power, he has money and seems he wants to own a lot of things in crypto. When there was a rumour a few days ago that bitcoin price will be zero, CZ tweeted he won't let Bitcoin go to zero, he will protect it! So, I am doubtful by seeing his recent actions. Or maybe we are wrong, he is just collecting all popular things on board to remove the negativity, scam from the crypto network!

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March 31, 2020, 02:19:43 PM
 #19

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.


CMC is known for helping scammers because all of their top exchange rank is false, big lie and shame. In CMC all the top rank exchanges are garbage and shit in real. Almost zero real volume! Therefore, CMC is a partner of IDAX exchange, Hydax sigma tool, and they are scam now! This is how CMC helping scammers!


I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?

Absolutely right! CZ is seeking for power, he has money and seems he wants to own a lot of things in crypto. When there was a rumour a few days ago that bitcoin price will be zero, CZ tweeted he won't let Bitcoin go to zero, he will protect it! So, I am doubtful by seeing his recent actions. Or maybe we are wrong, he is just collecting all popular things on board to remove the negativity, scam from the crypto network!
Are you sure that Hydax is a scam? I see this exchange newly created this year and it is not overly developed and appealing to users. But a few months ago I used it, the withdrawal was quick and smooth
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March 31, 2020, 02:22:25 PM
 #20

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 don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,
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