As criticism continues to trail the acquisition of CoinMarketCap by Binance, the cryptocurrency data aggregation platform has promised to do everything in guarding against any move by the exchange to have a negative influence on its independence.
CoinMarket Cap and Binance jointly announced the acquisition saying it is geared towards making cryptocurrency more accessible to everyone regardless of location.
The two firms did not state the terms and conditions of the acquisition, as well as the amount involved in the big acquisition.
CoinMarketCap responded to lots of critics on its social handle, restating its commitment to independent data sharing.
CoinMarketCap, been one of the independent platforms in the cryptocurrency community, employs a fair coin acceptance policy since its creation.
Observers say the acquisition by Binance is not in the interest of the cryptocurrency industry as “CMC Binance” may start dropping projects off the platform due to “hidden reasons”.
“Wait till CMC Binance starts dropping projects off CMC if they won’t pay exorbitant listing fees with Binance,” a crypto observer has said.
Responding to the somewhat problematic observation raised, CoinMarketCap said it would continue running its activities independent of Binance and keep on giving equal opportunity to every project that makes case for themselves to be included on the site.
Meanwhile, the founder of CoinMarketCap, Brandon Chez, will be stepping down to focus on his family. At the same time, he’s passing the leadership baton to Carylyne Chan, the platform’s former Chief Strategy Officer.
