Merely 1 week afterwards exchange Binance announced its acquisition of CoinMarketCap (CMC) — ane of the virtually-referenced crypto data websites — some prominent figures in the crypto customs are speaking out.

Bobby Ong, Co-founder and Main Operating Officer (COO) of CoinGecko, gave an interview to My Two Gwei on April half dozen. Among the topics discussed was the crypto data website's $400 million acquisition and the role information technology may play in the time to come.

Ong highlighted his company to "uphold data integrity" in the face of "many new exchanges… faking their volume." 1 of the targets of the COO during his interview was CMC, a rival visitor of CoinGecko:

"After this acquisition, I think it will be hard for CoinMarketCap to stay neutral and contained so we are now the largest, contained crypto data aggregator on the market."

While CMC has its own methods for data integrity, CoinGecko uses the "Trust Score" to give clients a better understanding if "the volume being reported is realistic." The crypto data website recently released a book on Decentralized Finance (DeFi), which is certainly trendy in the cryptocurrency world right now.

Many in crypto community approve of CMC acquisition

While CMC may take some detractors, others in the crypto community have been largely supportive of Binance acquiring the information website.

Speaking to Cointelegraph, Eric Benz, CEO of crypto exchange Changelly, said he is confident that this bargain will do good both parties, and the timing couldn't have been better. A similar outlook is shared by Mike Alfred, the CEO and Co-founder of fintech business firm Digital Assets Information, who said Binance is amongst the strongest and most respected companies currently operating within the crypto ecosystem.