Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be using CoinMarketCap as its primary source for crypto data. This move comes as Binance looks to improve the accuracy and reliability of the information it provides to its users. Changpeng Zhao, better known as CZ, the owner of Binance, announced the news via Twitter.
Google uses @CoinMarketCap for their crypto data.
— CZ 🔶 Binance (@cz_binance) January 7, 2023
What is CoinMarketCap?
CoinMarketCap is a popular website that tracks the prices, market capitalization, and other key metrics of various cryptocurrencies. It is widely regarded as a reliable source of information in the crypto industry, with millions of users visiting the site every day. By partnering with CoinMarketCap, Binance aims to provide its users with the most up-to-date and accurate data available.
This partnership is a major win for CoinMarketCap, as it will allow the company to reach a wider audience and increase its brand visibility. It is also a sign of the growing importance of crypto data in the industry. As the market evolves and becomes more mainstream, accurate and reliable data will become increasingly important for investors and traders.
Binance’s decision to use CoinMarketCap as its primary source for crypto data is also a testament to the company’s commitment to transparency and accuracy. By partnering with a respected and trusted source of information, Binance is ensuring that its users have access to the best data available.
Conclusion: Web3 Data Enters Google
Overall, Binance’s decision to use CoinMarketCap as its primary source for crypto data is a positive development for both companies and the Web3 industry as a whole. It is a sign of the growing importance of accurate and reliable data in the crypto market and will help to ensure that investors and traders have access to the best information available.
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