Co-founder of CoinGecko: CMC will be difficult to remain neutral and independent after being acquired by Binance

On April 6, in response to Binance ’s announcement of the acquisition of CoinMarketCap, the crypto analytics website CoinGecko co-founder Bobby Ong said in an interview that many new exchanges falsify trading volume, and encrypted data websites need to maintain data integrity. After the acquisition, it will be difficult for CoinMarketCap to remain neutral and independent, so we are now the largest independent encrypted data aggregator on the market. According to previous reports by AMBCrypto, CMC interim CEO Carylyne Chan and Binance CEO Zhao Changpeng stressed in an interview that CMC will operate independently. Chan said it would implement "zero preferential treatment" and the CMC team will implement this policy to ensure that its users can continue to trust the platform and data quality. Zhao Changpeng pointed out, "CMC will continue to remain neutral and independent, and any other exchanges that wish to continue working with them will continue to cooperate with CMC."