Who Owns CoinMarketCap? 🔍
CoinMarketCap, the leading
cryptocurrency data tracker, is owned by
Binance, the world’s largest crypto exchange. Binance acquired CoinMarketCap in
April 2020 for an undisclosed sum (estimated at $400M).
Key Facts About CoinMarketCap & Binance
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Founded: CoinMarketCap was launched in
2013 by Brandon Chez.
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Acquisition: Binance bought it to expand its crypto data & analytics dominance.
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Independence: Despite ownership, CoinMarketCap operates as a separate entity.
Why Does Binance Own CoinMarketCap?
- Strengthens crypto market transparency & data accuracy.
- Expands Binance’s influence in blockchain analytics.
- Provides users with real-time price tracking & rankings.
Frequently Asked Questions (FAQs)
#### Is CoinMarketCap Still Independent After Binance’s Acquisition?
Yes! While Binance owns it, CoinMarketCap maintains
editorial independence in rankings & reporting.
#### How Does CoinMarketCap Make Money?
Through
advertising, API services, and sponsored listings—not by favoring Binance-listed coins.
#### Who Founded CoinMarketCap?
Brandon Chez, a software developer, created it as a
free crypto data resource in 2013.
For traders & crypto enthusiasts, CoinMarketCap remains a
trusted source for market caps, prices, and trends—now backed by Binance’s resources. 🚀
