Binance is reportedly in the process of acquiring CoinMarketCap

The cryptocurrency market Binance is said to be finalizing the acquisition of the popular website CoinMarketCap.

According to TheBlock, citing sources familiar with the matter, the transaction could reach $ 400 million and would then represent one of the largest operations in the cryptocurrency industry.

CoinMarketCap allows to consult the cryptocurrency prices and access a lot of data such as the total market capitalization of the market or the trading volume of exchanges. The website would attract between 30 and 40 million visitors monthly.

These last months, Binance has bought several companies specializing in cryptocurrency. We can notably cite the Indian stock exchange WazirX, the platform DappReview or the wallet Trust Wallet.

Earlier this year, the CEO of Binance, Changpeng Zhao, announced that two acquisitions were underway and that the latter would have a “significant impact” on his business.

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