It doesn't look like binance taking over coinmarketcap

[masterrex]

Binance is not entirely going to take over coinmarketcap, it looks like they are just in co-op with coinmarketcap, the news I find below only consist on coinmarketcap CEO stepping down for a new CEO which is a woman, here is the open letter link below

https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/?utm_source=coinmarketcap&utm_medium=alert&utm_content=acquisition&utm_campaign=announcement&utm_term=

If you have any good info about binance and coinmarketcap do not hesitate to share

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

[thiscomm]

Yes, it is true. I also read the news a few days ago. CMC will only be under the name binance, but they will work alone to provide information from cryptocurrency. CMC will continue to provide information on the movements of each crypto price and binance will also continue to fulfill the service as an exchanger to crypto users. maybe what they mean is cooperation.

[tvplus006]

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

I think that it has long been necessary to restore order to coinmarketcap in the part of the rating where the volumes of cryptocurrency exchanges are published. And Binance has its own interest in this, because as far as I know, they indicate real turnover on their exchange.

[criket]

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

I think that it has long been necessary to restore order to coinmarketcap in the part of the rating where the volumes of cryptocurrency exchanges are published. And Binance has its own interest in this, because as far as I know, they indicate real turnover on their exchange.

I think the move from binance is currently positive when they want CMC as an update and a platform that they will successfully manage. for whatever purpose, but what is clear is that they show that the community's support and the ability of the team to develop this project are getting bigger we have seen.

[bittraffic]

The letter clearly states new owner so this is a transition.

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

I think that it has long been necessary to restore order to coinmarketcap in the part of the rating where the volumes of cryptocurrency exchanges are published. And Binance has its own interest in this, because as far as I know, they indicate real turnover on their exchange.

Probably not just restoring but under new management, its going to be rearranged to make it convenient for anyone watching the market and binance interest is for them to prosper from the traffic it came from coinmarketcap.

[southerngentuk]

No matter who manages coinmarketcap, binance will run this site in the future. And I believe they will get rid of the junk there, for now I don't want to access coinmarketcap because they list too many bullshit projects and statistics on scam exchanges.

[Furious 7]

Binance is not entirely going to take over coinmarketcap, it looks like they are just in co-op with coinmarketcap, the news I find below only consist on coinmarketcap CEO stepping down for a new CEO which is a woman, here is the open letter link below

https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/?utm_source=coinmarketcap&utm_medium=alert&utm_content=acquisition&utm_campaign=announcement&utm_term=

If you have any good info about binance and coinmarketcap do not hesitate to share

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

If this really happens then I think Binance is able to make CMC even more productive in handling shitcoin or bad exchanges with their bot volume and will eliminate it if there is no volume at all.
But has this acquisition been done? so that binance works more optimally in completing useless altcoin.

[Mulann2]

Even if they will co-operate the company it is still a great choice to me, I believe the owner of this company already knows they can't manage it properly anymore, with Binance coming in I believe there will be new developments that will help the company to perform more properly.

[Ken_terrance]

Binance and Coinmarketcap has a not of cleaning to do, since the last Bitcoin bullrun of 2017 many new projects find their way to coinmarketcap and that's fine by me but it would have been a good thing if they are all good projects, since that time coinmarketcap listed many bad m, crippled, fake projects

[Golftech]

Binance is not entirely going to take over coinmarketcap, it looks like they are just in co-op with coinmarketcap, the news I find below only consist on coinmarketcap CEO stepping down for a new CEO which is a woman, here is the open letter link below

https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/?utm_source=coinmarketcap&utm_medium=alert&utm_content=acquisition&utm_campaign=announcement&utm_term=

If you have any good info about binance and coinmarketcap do not hesitate to share

The word used was the acquisition, I believe its not just a simple partnership or cooperation but its already acquired by Binance, thats what I thought about the blog, the founder and CEO was already step down and already replace by a woman it is obvious that it was already acquired how come a founder and CEO step just like that without a big reason. will I hope Binance will make CMC more reliable, trusted and free from scams?

Exactly, A CEO once being replaced means that the one replacing will be the in-charge of full services. This acquisitions can be treated as deal done
between CMC and Binance whatever interpretations there is, it's simple to understand that everything now will be handled and manage by binance team
after the CEO step down and give all the privileged to the new team behind this business.

[reallester]

Binance is not entirely going to take over coinmarketcap, it looks like they are just in co-op with coinmarketcap, the news I find below only consist on coinmarketcap CEO stepping down for a new CEO which is a woman, here is the open letter link below

https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/?utm_source=coinmarketcap&utm_medium=alert&utm_content=acquisition&utm_campaign=announcement&utm_term=

If you have any good info about binance and coinmarketcap do not hesitate to share

Well let's hope he is not intending to buying coin market entirely. Prolly he wants to have a share of the project. If so, then not entirely a bad idea. I retain that I love the fact that CZ is ambitious. I wish him best of luck!

[beerlover]

I guess 400 million dollars was a lot of money to begin with, maybe they will pay a lot less and just partner up, that way binance wouldn't have to pay too much for the whole company, keep most of the money themselves, and work with CMC to improve their AI and help them realize what the real volume is and what the fake volume is, they probably have access to such product already so it would be easy to implement anyway.

New CEO wasn't really all that much needed, after all the current CEO is the one who brought everything to this point, love him or hate him dude was the reason why CMC was getting interest from all over the world and why Binance is getting any interest in them as well. Hopefully the new CEO will be even better otherwise it will be seen as a horrible decision.