Binance inks CoinMarketCap acquisition during a global dealmaking freeze
April 1, 2020, 9:39AM EDT · 3 min read
- 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.
Subscribe to The Block to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.