Digital Assets Data CEO: Binance ’s acquisition of CoinMarketCap has a high strategic significance

In response to Binance ’s recent acquisition of encrypted data website CoinMarketCap, fintech company Digital Assets Data CEO and co-founder Mike Alfred stated that Binance is currently one of the most powerful and respected companies operating within the crypto ecosystem Therefore, it is not surprising that many companies take decisive action during the period when their overall operating and financial capabilities become quite limited. Alfred further stated, "This transaction has high strategic significance on multiple levels. When BTC returns to its historical high, Binance will have a stronger position than other exchanges."