Topic: Now Binance owns CMC! A Red alert for all the shit Exchanges! - page 2. (Read 772 times)
That is what I am thinking too, Binance will clean coinmarketcap and remove sh*tcoin exchanges even coins and tokens. Most of the exchanges that is listed on coinmarketcap have fake volume generated by bots and no real trading volume at all. At first, I thought it was a mistake on binance acquiring CMC but now I think it was really a good move by Binance. For now, we don't really know what are the plans of binance but pretty sure we will be seeing it in the following days or months.
if you think about it.
a centralized exchange is buying a website listing most coins and other exchanges...
so where is this not benefiting them if they can now manipulate or even delete all info regarding their competitors?
is that what we need and should celebrate?
i am wondering where this is heading.
edit: now reading the official statements:
https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/
I have not used coinmarketcap in years so if you do not like what it is happening you can use one of the many websites that are their competitors to get your information about the market of cryptocurrencies, most likely the previous owners of coinmarketcap thought they were losing ground against those websites and decided this was the best moment to get out of it and let someone else take charge of their website, and according to the reports the offer was quite generous so it makes sense they sold their website to binance. a centralized exchange is buying a website listing most coins and other exchanges...
so where is this not benefiting them if they can now manipulate or even delete all info regarding their competitors?
is that what we need and should celebrate?
i am wondering where this is heading.
edit: now reading the official statements:
https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/
If CMC is worth this much now, why will the owners want to sell it? Won't it be worth more when cryptocurrency adoption gains more grounds? Let's see if this was an April fools prank or its a real deal.
LOL.. It's not a prank. And that is how the acquisitions work. Remember the acquisition of Whatsapp by Facebook? Facebook paid a total of $21.8 billion for acquiring Whatsapp, which a lot of experts thought was excessive. That was in 2014. But six years later, these same experts are of the opinion that the Whatsapp deal was a very profitable one for Facebook. The same may be the case with CMC.
I was never in full support of the team of Coinmarket cap handing over their platform into the hands of Binance but with what OP is saying then it would be a great idea if they can clean up all the scam tokens as well as fake exchange volume. I believe every investor would be in favour of this.
I have been seen a several news sources so that i think it’s correct but i did not see these from Binance official announcement. It's seems big news although i think it’s still going process of negotiation both of cmc and cz. If Binance will control it than i believe they will make a lot modified. Shit exchanges will delist, Wash trading, Garbage coin all of things will remove. If the deal is not complete yet so wait to know what will happen.
Binance team is one of the most professional in crypto community i think. I am using Binance since 2018, and have no questions to this exchange and to it's services. So i think that deal will benefit all community.
For the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )
That's the hope that most traders and investors are looking, providing real information and real statistic of those many projects around the site. This shouldFor the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )
be the focus of binance team in cleaning CMC, from that beginning many will be interested to use this site again to look for further formation and developments in regards to those projects that traders/investors are involved.
Binance does not own coinmarketcap. Cz said they're in collaboration of some sort to work better. Cz said they're joining forces to make cryptocurrency space better for everyone. Did anyone listen to the AMA today?
Binance team is one of the most professional in crypto community i think. I am using Binance since 2018, and have no questions to this exchange and to it's services. So i think that deal will benefit all community.
For the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )
For the last half year i almost stoped to use CMC and started to check CoinGecko for different information about crypto projects. And i thing binance team will return CMC it past glory )
This may sound good for CMC, but I wonder if Binance owns CMC whether they are transparent in the exchanges that Binance owns or partners.
Then thats a good news. Say goodbye to the list for the following exchanges:
hotbit
p2pb2b
Latoken
Vindax
Probit
Systemkoin
ChainX
Mercatox
Coinsbit
And most especially the Yobit
I maybe forgot some shitty exchange thats not help at all on market but just disgrace cryptocurrency by fake manipulation and cheating on IEO launchpad.
Just tell me if there are more of these and will edit and add those.
hotbit
p2pb2b
Latoken
Vindax
Probit
Systemkoin
ChainX
Mercatox
Coinsbit
And most especially the Yobit
I maybe forgot some shitty exchange thats not help at all on market but just disgrace cryptocurrency by fake manipulation and cheating on IEO launchpad.
Just tell me if there are more of these and will edit and add those.
Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!
I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?
Can you share a detailed post here because what I have heard so far is that they are still in talk so maybe I miss something like whether the transaction has been finished or not. A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!
I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?
But what I love to see, is the payment or any documents that are telling that the Binance already owns the CMC so we can also adjust and check whether they are already creating an adjustment to site or not. I also love to see those shit exchange to be downgraded as they are nuisance to the users who like to use the right exchange that they like.
They already bought it. Deal closed last March 31 based on this article. We will know in the coming months what improvement are they going to implement in CMC.
https://www.coindesk.com/binances-coinmarketcap-acquisition-is-a-bet-that-crypto-really-is-for-the-masses
Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!
I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?
Can you share a detailed post here because what I have heard so far is that they are still in talk so maybe I miss something like whether the transaction has been finished or not. A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
So, now, as Binance owns the CMC, so, they will rank up only the real volumed exchanges like Bittrex, Kucoin, Poloniex, Kraken and so on! And exchanges like Hotbit, Coinsbit, Bilaxy will go as low rank as they deserved, all of their fake volumes will be washed out! So, I am very much happy now! I made a couple of threads against these fake exchanges and CMC's silent habit against scam exchange! Now, we are gonna see what we asked for!
I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?
But what I love to see, is the payment or any documents that are telling that the Binance already owns the CMC so we can also adjust and check whether they are already creating an adjustment to site or not. I also love to see those shit exchange to be downgraded as they are nuisance to the users who like to use the right exchange that they like.
I don't really know if this was true but I found an article about this a day after april fools (I think) so I assume it's not a joke anymore. Though I'm still skeptical about this since they will have to be in an awkward position since they are mainly an exchange and they have the choice to change the number spot in the list. By the way, here's the article that I found. https://finance.yahoo.com/news/binance-coinmarketcap-acquisition-bet-crypto-130003977.html
I hope they do the right though by being strict when listing.
I hope they do the right though by being strict when listing.
It's funny that Binance, as always, finds the next marketing moves that would not only stay afloat, but also bypass its competitors in popularity.
Around the crisis, and the exchange is going to spend a huge amount on the purchase. It is interesting.
Around the crisis, and the exchange is going to spend a huge amount on the purchase. It is interesting.
Yeah, you got it! Binance never stopped marketing, because this CMC dealing seems a marketing strategy! At the beginning of this month, I thought Binance is losing its popularity, most of the Binance chained coins was migrating into other chains, Binance DEX had shitty low volume! Then Binance came with many plans! Binance cloud, several National currency pair for trading, Leverage tradings and so on and now they acquiring the very well known Coinmatketcap! So, Binance again become a competitor less the number one crypto project!
https://www.binance.com/en/blog/421499824684900494/Binance-x-CoinMarketCap-Joining-Forces-to-Make-Crypto-More-Accessible-Worldwide
Goodbye scam exchanges.
Well finally. It gets there. CMC is offered that much. Whoever owns its has gotta be richer by doing a crappy ranking site but when binance will take over it, its going to get better. Probably delisting all those exchanges that doesn't deserved to be there. At least we can now assume there is a light.
Do you think there is also eyeing for coingecko?
The skeptical me thinks that Binance will delist some of those exchanges for a different type of reason hehehehe.
In any case, I reckon Changpeng Zhao's best friend will be eyeing coingecko hehe.
I hope that it will be positive step to better crypto future. Such companies like Binance make crypto sphere simple for new users and more acceptable for old common crypto man. Now shitcoins and scam exchange will be more spreading in the Internet
Has the transaction already done? I have seen some news about that but it's speculation only from someone. It's very interesting to know more about how the result of this news.
CMC will be cleaned from so many scam coins. I like that about how binance will bring CMC into the right way
Yes this has been officially announced, you can read the full information at Binance x CoinMarketCap: Joining Forces to Make Crypto More Accessible WorldwideCMC will be cleaned from so many scam coins. I like that about how binance will bring CMC into the right way
Coinmarketcap is a popular cryptocurrency data tracking site and Binance is a trusted market leader with large trading volumes. The combination of the two will form a very unique niche. Binance is very ambitious and innovative in the crypto world, many niches are touched, there is Binance US, then expanding its network in India through wazirx. Truly totality in the development of potential ecosystems.
Binance never compromised with their reputation. This exchange got hacked several times but they protected the users' funds, so, no one left the Binance exchange!
When CZ thought about a roll back for the BTCitcoin network when there is hack because of their incapability, how on earth would you trust them, if there is an exchange which got hacked several times then it is time to avoid them because there is no guarantee that they will shut down eventually 
. A lot of people stopped looking at Coinmarketcap, as they did nothing against faked volume exchanges/tokens! Rather most of the shit exchanges are available in the top rank!
Even a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
Why is it so sure that they will clean up everything, the fake volumes are not created by CMC itself, they are just showing the volume provided by the exchangeEven a shit exchange called Tagz climbed up to the first rank, now their volume likely zero! I did not participate in Tagz bounty, because it looked shit at first sight!
I believe from now the crypto market will have less negativity, less scam exchange and tokens. What do you think guys about it? Am I expecting too much or its okay?
What does the scam market has to do anything with the purchase of CMC by binance. You are expecting too much here 
.
It's funny that Binance, as always, finds the next marketing moves that would not only stay afloat, but also bypass its competitors in popularity.
Around the crisis, and the exchange is going to spend a huge amount on the purchase. It is interesting.
Around the crisis, and the exchange is going to spend a huge amount on the purchase. It is interesting.
Yeah, you got it! Binance never stopped marketing, because this CMC dealing seems a marketing strategy! At the beginning of this month, I thought Binance is losing its popularity, most of the Binance chained coins was migrating into other chains, Binance DEX had shitty low volume! Then Binance came with many plans! Binance cloud, several National currency pair for trading, Leverage tradings and so on and now they acquiring the very well known Coinmatketcap! So, Binance again become a competitor less the number one crypto project!
https://www.binance.com/en/blog/421499824684900494/Binance-x-CoinMarketCap-Joining-Forces-to-Make-Crypto-More-Accessible-Worldwide
Goodbye scam exchanges.
Well finally. It gets there. CMC is offered that much. Whoever owns its has gotta be richer by doing a crappy ranking site but when binance will take over it, its going to get better. Probably delisting all those exchanges that doesn't deserved to be there. At least we can now assume there is a light.
Do you think there is also eyeing for coingecko?
if you think about it.
a centralized exchange is buying a website listing most coins and other exchanges...
so where is this not benefiting them if they can now manipulate or even delete all info regarding their competitors?
is that what we need and should celebrate?
i am wondering where this is heading.
edit: now reading the official statements:
https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/
a centralized exchange is buying a website listing most coins and other exchanges...
so where is this not benefiting them if they can now manipulate or even delete all info regarding their competitors?
is that what we need and should celebrate?
i am wondering where this is heading.
edit: now reading the official statements:
https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/
If CMC is worth this much now, why will the owners want to sell it? Won't it be worth more when cryptocurrency adoption gains more grounds? Let's see if this was an April fools prank or its a real deal.
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