CZ Assures Independence For Coinmarketcap

The news of the acquisition of Coinmarketcap by Binance sent shockwaves throughout the crypto industry.

These entities are possibly two of the largest names. Binace is the biggest exchange while Coinmarketcap is the largest data aggregator. The combination of these does not instill confidence in many members of the community.

Source

In response to some of the outcries, CZ placed assurances that these two entities would run independently.

Is he to be believed?

CZ and Binance was mired in the Steem controversy where custodial tokens were used to alter governance on the Steem blockchain. IT is asserted that his close relationship with Justin Sun helped Sun to take control of the Witnesses, rolling back a softfork the community put in place.

Coingecko has emerged as a powerful alternative to Coinmarketcap.com. This is site that many in the crypto world already use. They not only have price feeds but also provide links to relevant stories as well as putting together industry pertinent reports.

Furthering suspicion is the fact that Coinmarketcap founder, known as alias Brandon Chez, is stepping down and will act in an advisory capacity.

Carylyne Chan will serve as Interim CEO.

At this point, it is important that the crypto community do all it can to promote the idea of decentralization. This starts with us each using alternatives to those entities that are merging together.

As the situation with Steem showed, community has a lot of power.