The block has revealed that Binance is about to end the purchase of CoinMarketCap (CMC).
For now, this is just an unconfirmed rumor coming from "people familiar with the matter," but according to The Block, negotiations are nearing completion.
According to this source, the deal is converging towards a purchase price of approximately $ 400 million and it should be formalized within the week.
If this figure is confirmed, it will be one of the largest acquisitions in the cryptocurrency industry.
However, there are no more details, so for the moment the news should be taken with a grain of salt.
However, it was already well known that Binance was trying to make some major acquisitions, especially since CEO Changpeng CZ Zhao had already revealed that the company was working on at least two major acquisitions, and in particular, one of which was "very exciting."
You have already acquired other major cryptocurrency companies in the past, including Trust Wallet and DappReviewTherefore, this acquisition is part of a broader strategy that aims to further strengthen the company's role in this market.
The numbers on the CMC website are very significant figures in the cryptocurrency sector, with a leading role in the specific area of cryptocurrency exchange prices and market information.
In fact, it literally dominates this sector with more than 30 million visits per month of all the world.
For example, when comparing your visit volume with that of the Binance.com website, you can see that until a few months ago, it was even double, although the gap has narrowed in recent months.
It is precisely these high volumes of traffic that have attracted Binance's interest in this service, to the point that the company has brought to the table one of the most important figures on offer in the world for a cryptocurrency website.