CoinMarketCap promises: Binance cannot change our business model
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Answer CoinMarketCap promises: Binance cannot change our business model
In an effort to fend off criticism of the recent acquisition of CoinMarketCap by Binance, the cryptocurrency data aggregator has promised to do everything to protect its independence against any move by Binance that would negatively impact its business model.
CoinMarketCap and Binance announced the acquisition, stating that the goal is to make cryptocurrency accessible to everyone regardless of the platform.
The two companies did not mention the terms and conditions of the acquisition, as well as the amount involved in the large acquisition that has spilled a lot of ink and continues to do so.
CoinMarketCap has responded to a lot of criticism on its social accounts, affirming its commitment to sharing data independently.
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CoinMarketCap is one of the independent platforms in the cryptocurrency community, the platform provides services related to the collection of information about cryptocurrencies as well as the classification of trading platforms by trading volume.
Some observers say that the Binance acquisition is not in the interest of the crypto industry, as CMC Binance may start dropping projects from the platform for hidden and unknown reasons.
One follower said:
Wait for CMC Binance to start dropping projects from CMC if they don’t pay exorbitant listing fees on Binance.
In response to the statement and remark made by this follower, CoinMarketCap said that it will continue to operate its activities independently of Binance and will continue to give equal opportunity to every project that makes it possible to include it on the site.
Read:The launch of Ethereum 2.0 could be a threat to the Cardano project
CoinMarketCap founder Brandon Chase will step down to focus on his family, while at the same time passing the baton to Krillin Chan, the platform’s former head of strategy.
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