Binance inks CoinMarketCap acquisition during a global dealmaking freeze
Quick Takes
- Binance’s acquisition of crypto data site CoinMarketCap is one of the biggest deals in the ecosystem to date
- It’s a notable deal given that it comes amid a global freeze in mergers and acquisitions
- The Block’s reporting indicates that it was mostly an equity deal rather than a cash deal – a path that is easier to clinch in a down market since one doesn’t need to take large sums off their balance sheet or borrow.
Global mergers and acquisitions have come to a screeching halt, but that didn't stop one of the largest cryptocurrency firms from getting a mega-deal.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.
You can unlock at any time.*
No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
*a 2% locking fee will be added at the time of locking.
