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Binance may buy CoinMarketCap for R $ 2 billion, says website

Cryptocurrency

(Photo: Shutterstock)

Binance may be the new owner of CoinMarketCap, the most well-known cryptocurrency data platform on the market. According to a publication by The Block on Tuesday (31), the negotiation is around US $ 400 million (about R $ 2 billion).

According to the report, "Binance is in the final stages of negotiations," people familiar with the matter told the website. The deal, which may be one of the biggest in the history of crypto-economics, could be announced later this week.

According to The Block, the acquisition may be one of those announced by Binance CEO Changpeng Zhao (CZ) earlier this year. At the time, CZ said he was very excited and that they would have a very significant impact on the company.

It is worth remembering that the exchange acquired at least nine companies in 2019, including the ethereum Trust Wallet and the Indian exchange WazirX.

Coinmarketcap

CoinMarketCap has never received contributions since its launch in 2013 – only donations in cryptocurrencies.

Today, the platform is the most popular cryptocurrency data aggregator on the market, attracting 207.2 million visitors in the past six months, according to SimilarWeb.

The exchange is also not left behind. The Binance platform has received 113.8 million visits in the last six months. "CoinMarketCap's traffic is 80% higher than Binance's," says The Block.

Binance does not charge IOF in Brazil

Last weekend, Binance announced that it already allows the purchase of cryptocurrencies in Brazil without charging IOF for purchases made by debit and credit cards under the Visa banner.

The cryptocurrencies available for the operation are BTC, ETH, BNB, XRP, BUSD to USDT. There is a 2% fee.

Until then, customers needed to buy cryptocurrencies on Brazilian exchanges and then transfer them to Binance.

With the partnership with Visa, a door opens in reais so that Brazilians can make this investment, more directly.

According to Mayra Siqueira, Binance PR in Brazil, the idea is part of the exchange's philosophy of expanding the global adoption of cryptocurrencies.


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Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.