CoinMarketCap founder announces departure after acquisition by Binance

Cryptocurrency information site CoinMarketCap founder and CEO Brandon Chez announced his departure after Binance’s acquisition, with current chief strategy officer Carylyne Chan as interim CEO. Brandon Chez said that after running the company for 7 years, he plans to return to his family, but he remains a CoinMarketCap consultant. Binance has just announced the formal acquisition of cryptocurrency market website CoinMarketCap. The two parties have not made public the acquisition amount, but the media said that according to sources, the acquisition cost $ 400 million. Binance said that after the acquisition, CoinMarketCap will continue to operate as an independent entity.