Breaking news: Binance plans to acquire CoinMarketCap for $400 million. Binance’s neutrality may be questioned if it does not respond

Wu Blockchain learned that according to foreign media The block, Binance plans to acquire CoinMarketCap, the world's largest cryptocurrency data and ranking website, for US$400 million, and the negotiation has now reached the final stage.

Binance told Wu Blockchain that it would not comment on the news. Binance's platform currency BNB began to rise sharply by about 5%.

The block reported that earlier this year, Binance CEO Zhao Changpeng said he was "very excited" about two acquisitions. CZ said at the time that these were "significant" issues that would have a "significant impact." The CoinMarketCap transaction could be one of the two transactions.

According to data from SimilarWeb, CoinMarketCap is one of the most popular crypto data sites, attracting 207.2 million visitors in the past six months. On the other hand, Binance attracted 113.8 million visitors in the past six months. The block claims that CoinMarketCap's traffic is 80% higher than Binance's traffic.

As the world's largest cryptocurrency data and ranking website, CoinMarketCap has been questioned in the past, including whether advertising will affect its rankings and whether there are factors such as exchanges' volume manipulation. Industry insiders pointed out that Binance's acquisition may cause the outside world to have more doubts about its neutrality and objectivity.