Now Binance owns CMC! A Red alert for all the shit Exchanges!

[meanwords]

I don't really know if this was true but I found an article about this a day after april fools (I think) so I assume it's not a joke anymore. Though I'm still skeptical about this since they will have to be in an awkward position since they are mainly an exchange and they have the choice to change the number spot in the list. By the way, here's the article that I found. https://finance.yahoo.com/news/binance-coinmarketcap-acquisition-bet-crypto-130003977.html

I hope they do the right though by being strict when listing.

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[BlackFor3st]

Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!

So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!

I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?

Can you share a detailed post here because what I have heard so far is that they are still in talk so maybe I miss something like whether the transaction has been finished or not.

But what I love to see, is the payment or any documents that are telling that the Binance already owns the CMC so we can also adjust and check whether they are already creating an adjustment to site or not. I also love to see those shit exchange to be downgraded as they are nuisance to the users who like to use the right exchange that they like.

[tippytoes]

Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!

So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!

I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?

Can you share a detailed post here because what I have heard so far is that they are still in talk so maybe I miss something like whether the transaction has been finished or not.

But what I love to see, is the payment or any documents that are telling that the Binance already owns the CMC so we can also adjust and check whether they are already creating an adjustment to site or not. I also love to see those shit exchange to be downgraded as they are nuisance to the users who like to use the right exchange that they like.

They already bought it. Deal closed last March 31 based on this article. We will know in the coming months what improvement are they going to implement in CMC.

https://www.coindesk.com/binances-coinmarketcap-acquisition-is-a-bet-that-crypto-really-is-for-the-masses

[joshua123]

Then thats a good news. Say goodbye to the list for the following exchanges:

hotbit
p2pb2b
Latoken
Vindax
Probit
Systemkoin
ChainX
Mercatox
Coinsbit
And most especially the Yobit

I maybe forgot some shitty exchange thats not help at all on market but just disgrace cryptocurrency by fake manipulation and cheating on IEO launchpad.

Just tell me if there are more of these and will edit and add those.

[BlacksmithCorporation]

This may sound good for CMC, but I wonder if Binance owns CMC whether they are transparent in the exchanges that Binance owns or partners.

[Estrange18]

Binance team is one of the most professional in crypto community i think. I am using Binance since 2018, and have no questions to this exchange and to it's services. So i think that deal will benefit all community.

For the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )

[gensol]

Binance does not own coinmarketcap. Cz said they're in collaboration of some sort to work better. Cz said they're joining forces to make cryptocurrency space better for everyone. Did anyone listen to the AMA today?

[Golftech]

Binance team is one of the most professional in crypto community i think. I am using Binance since 2018, and have no questions to this exchange and to it's services. So i think that deal will benefit all community.

For the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )

That's the hope that most traders and investors are looking, providing real information and real statistic of those many projects around the site. This should
be the focus of binance team in cleaning CMC, from that beginning many will be interested to use this site again to look for further formation and developments in regards to those projects that traders/investors are involved.

[mdzahed134]

I have been seen a several news sources so that i think it’s correct but i did not see these from Binance official announcement. It's seems big news although i think it’s still going process of negotiation both of cmc and cz. If Binance will control it than i believe they will make a lot modified. Shit exchanges will delist, Wash trading, Garbage coin all of things will remove. If the deal is not complete yet so wait to know what will happen.                           

[Youghoor]

I was never in full support of the team of Coinmarket cap handing over their platform into the hands of Binance but with what OP is saying then it would be a great idea if they can clean up all the scam tokens as well as fake exchange volume. I believe every investor would be in favour of this.

[Vishnu.Reang]

If CMC is worth this much now, why will the owners want to sell it? Won't it be worth more when cryptocurrency adoption gains more grounds? Let's see if this was an April fools prank or its a real deal.

LOL.. It's not a prank. And that is how the acquisitions work. Remember the acquisition of Whatsapp by Facebook? Facebook paid a total of $21.8 billion for acquiring Whatsapp, which a lot of experts thought was excessive. That was in 2014. But six years later, these same experts are of the opinion that the Whatsapp deal was a very profitable one for Facebook. The same may be the case with CMC.

[South Park]

if you think about it.

a centralized exchange is buying a website listing most coins and other exchanges...
so where is this not benefiting them if they can now manipulate or even delete all info regarding their competitors?

is that what we need and should celebrate?

i am wondering where this is heading.

edit: now reading the official statements:
https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/

I have not used coinmarketcap in years so if you do not like what it is happening you can use one of the many websites that are their competitors to get your information about the market of cryptocurrencies, most likely the previous owners of coinmarketcap thought they were losing ground against those websites and decided this was the best moment to get out of it and let someone else take charge of their website, and according to the reports the offer was quite generous so it makes sense they sold their website to binance.

[LbtalkL]

That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.

[xiboothrezi]

That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.

Okay, based on this tweet

we know that some important points that will be the target of further development, one of the most expected crypto enthusiasts is a problem related to fake volume. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.

[freedomgo]

That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.

Okay, based on this tweet

we know that fake volume will be one of the important points in the combination of CMC and Binance. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.

Now that they own the CMC, I doubt CMC will still be the same again, of course CZ would say both CMC and Binance will run independently but that will not happen since CZ owns both of these big company, and the owner will always decide.

Let's just hope to see some improvement of CMC and Binance will be able to develop it and even increase its worth.
They invested a lot of money here, they should make sure the plan will work for more success of both platforms.

[Twinkledoe]

That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.

Okay, based on this tweet

we know that fake volume will be one of the important points in the combination of CMC and Binance. In addition, product quality will also continue to be improved. Well, with the combination of the Binance team that has proven competent and innovative, there will definitely be new things that make CMC more informative.

I believe one tough task for them is addressing the fake volume. The investigation will take time for this kind of issue in almost all exchanges. They need to carefully look each and every coin for that matter. Sometimes it is not the exchange doing the wash trading, but the owners of the coin themselves to increase their volume in the market and be noticed by the traders. If you are an experienced trader, you will know some trends when a coin is being pump and dump or wash trading is going on.
But with BNB on the side, I think there will be good improvements that will happen to CMC.

[Viscore]

But with BNB on the side, I think there will be good improvements that will happen to CMC.

More improve as CMC already holds the best position in the market.
With Binance who has all the resources and the influence in the market, sure CMC will be a new CMC, don't believe that it will be independent from each other, CMC is now part of the Binance group of companies, not on paper but we know it's gonna be.

[popeye95]

I welcome Binance for trying to restructure Coinmarketcap. All these shit exchange Hotbit, Coinsbit,... need to put to death with the horrible practice of fake trading's volume. Though Coinmarketcap has to play with  Binance's rule and this could hurt some exchange but just a small price to pay.

[Farma]

But with BNB on the side, I think there will be good improvements that will happen to CMC.

More improve as CMC already holds the best position in the market.
With Binance who has all the resources and the influence in the market, sure CMC will be a new CMC, don't believe that it will be independent from each other, CMC is now part of the Binance group of companies, not on paper but we know it's gonna be.

I think that CMC will become a more trusted place after this. Well, many people think that when entering CMC, the exchange or the coin is worth considering. but, because of that, there was so much manipulation. After controlling for CMC, I hope CMC becomes the most trusted place to view information on an exchange or token without any manipulation.

[momchilandonov]

Or red alert for all decentralization in crypto space