The crypto community questioned Binance's acquisition of CoinMarketCap. Binance did not disclose the specific amount, but The Block ’s initial report stated that it may be as high as 400 million US dollars, but in subsequent reports, people familiar with the matter said that the actual purchase amount was 300 million US dollars, settled by equity and BNB. Although no specific amount was mentioned, CMC interim CEO Carylyne Chan recently stated in an interview that the COVID-19 crisis did not affect the final price of this long-term negotiation or transaction. "When major decisions are involved, both CoinMarketCap and Binance are very focused on long-term nature, so this transaction undoubtedly revolves around a common vision to make it easier for everyone in the world to obtain cryptocurrencies. It has not been affected by the current new crown virus crisis influences."
The community also debated potential conflicts of interest, data accuracy, and preferential treatment. Chan said, "As an independent entity, CMC will continue to operate independently of Binance. We will make a decision that is in the best interests of CMC, and we will continue to develop products and services that benefit CMC users." In addition, Chan said it will implement " "Zero preferential treatment", the CMC team will implement this policy to ensure that its users can continue to trust the platform and data quality.