Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance
Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.
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Source: Mars Frontline
Article | Liang Yushan
First line report on Mars Finance APP (WeChat: hxcj24h)On April 2, Coin Security announced the official acquisition of CoinMarketCap, a Cryptocurrency data website.
The Block cited sources familiar with the matter as saying that the transaction was mainly completed in the form of equity and BNB, with a possible acquisition amount of $400 million. Currently, Coin On is considering changing its CoinMarketCap business model from an advertising based model to a monthly listing fee paid by the exchange. In addition, Brandon Chez, the founder of CoinMarketCap, has resigned from his position as CEO, and currently CSOCarylyneChan has been appointed as interim CEO.
According to the previous report of Mars Finance, Changpeng Zhao, CEO of King'an, disclosed in January this year that King'an was promoting two acquisitions, which he said would have a "significant impact". At present, the acquisition of CoinMarketCap may be one of the transactions.
Coin An has been frequently acquiring blockchain related enterprises. Last year, the Exchange acquired at least nine companies, but only disclosed a few of them publicly, such as wallet provider TrustWallet, blockchain data startup DappReview, Cryptocurrency exchange of India WazirX and derivatives trading platform JEX.
As of press release, BNB has quoted $12.82, a 24-hour increase of 4.24%.
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