CoinMarketCap is owned by Binance, one of the world's largest cryptocurrency exchanges. This acquisition took place in 2020, solidifying Binance's position in the broader cryptocurrency ecosystem.
Understanding CoinMarketCap's Background
Founded in 2013 by Brandon Chez, CoinMarketCap quickly established itself as a leading and widely referenced platform for tracking cryptocurrency prices, market capitalization, and various other crucial data points for thousands of digital assets. Its primary function is in the data tracking industry, providing essential information to investors, analysts, and enthusiasts worldwide.
The platform serves as a vital resource for:
- Real-time price tracking: Monitoring live prices of cryptocurrencies.
- Market capitalization data: Understanding the total value of different digital currencies.
- Trading volume insights: Observing the liquidity and activity of various assets.
- Exchange rankings: Evaluating the performance and trustworthiness of cryptocurrency exchanges.
- Historical data: Accessing past performance trends for in-depth analysis.
Key Details About CoinMarketCap
To provide a clear overview, here are some essential facts about CoinMarketCap:
| Detail | Description |
|---|---|
| Owner | Binance |
| Founded | 2013 |
| Founder(s) | Brandon Chez |
| Industry | Data tracking |
| URL | coinmarketcap.com |
The Impact of Binance's Ownership
Binance's acquisition of CoinMarketCap was a significant event in the crypto industry. It brought together a leading data aggregator with a top-tier exchange, creating synergies that benefit both entities and the wider crypto community. While now under Binance's ownership, CoinMarketCap continues to operate independently as a data provider, striving to maintain its neutrality and accuracy in reporting market data.
For more information, you can visit the CoinMarketCap Wikipedia page.
