Did Binance made a good job with CoinMarketCap?

in LeoFinance3 years ago

Most of you should now that the website CoinMarketCap (CMC) had been acquired by the centralized exchange Binance , the biggest exchange by volume. CMC is known to be one of the most visited website in the crypto-space. It was a good service, freely available to everyone, simple to use and clear in the interface.

What changed since Binance entered the game?

I have to say that initially I was quite disappointed about this acquisition. I felt like this was a treachery. But things now shows themselfs as the most profitable move possibly maden by CMC team: Binance brought a lot of innovations and ideas.

I always believed in the strenght of the Binance team and community, but it always surprise me more. Not to speak about the recently alive Binance Smart Chain, full of BEP-20 tokens, like Cake, used in Pancakeswap : it more than doubled it's value in a few weeks recently.

Now people can sign up for an account, "link" it to their Binance account (here is the SMARTEST move) to Learn&Earn some new crypto asset.

By loggin into an account on CMC, one can track his portfolio value and control his preferits asset's price with the watchlist. The graphics is also quite pretty, I believe.

Have a look also here, coinmarketcap-yield-farming , where you can check easy most of the APY's of the biggest crypto lending and liquidity provider services, like Curve, Compound, Uniswap and Sushiswap. Really, now one can spend many hours on the CoinMarketCap site and explore many features and informations.

One can find also a page with the top crypto platform paying interests for holding coins; you can filter by asset put at work, here the example for Bitcoin:

A small description of each company is also there; my preferite crypto service for costudy and interests is BlockFi , if you want to subscribe there they offer high interest rate on most popular coins and on some stablecoin: use my referral link here to earn 10$ as you deposit 100$ worth of cryptos.

Ok, by the way, of course Binance appears as the first crypto exchange both for Spot and Derivatives market rankings, but I remember once I saw another ordering :-) It lasted not that long maybe ahahah . But to be honest, one should also notice that there are many ads on the site which promote OTHERs exchanges: one often find pubblicities for CRIPTO.com (which I really don't like) or HOUBI.

However, making a sum of things, I believe Binance made a good job in helping CMC to increase it's value! What do you think about?

Don't miss out the opportunity to earn some $1INCH and some $GRT on the CMC Earn page! (not a referral link, for once):

https://coinmarketcap.com/earn/

Thank you very much for reading my post! Have a nice day :-)

Posted Using LeoFinance Beta