Binance Complete Acquisition of DAppReview

Binance Complete Acquisition of DAppReview

Binance has completed an acquisition of DappReview, an information and analytics platform for blockchain-based decentralised applications.

DApp review is essentially what the name implies it is. With the platform’s purpose in mind to provide user insights and dapp information, with the platform currently providing this for over 3,900 dapps. Of course, while Binance have shown interest in Dapps in general before, but the acquisition of the platform is not quite what you might expect from Binance and in many ways, it is new ground for the firm.

The motivation for the acquisition though was somewhat justified by the Binance CFO Wei Zhou, who explained, “On-chain applications are still the missing piece for mass blockchain adoption. The DappReview team has shown its commitment to dapps and strong execution in building a leading global dapps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications.”

It also seems the goal of the deal though is to not necessarily to change the formula that has made DappReview a go-to source for information to 300,000 monthly active users across 120 countries since its launch in February 2019. Instead, it has been noted by the platform they are merely going to be involved in assisting DappReviews of developing the “dapps ecosystem and foster greater blockchain adoption.”

Something that DappReview’s founder, Vincent Niu, elaborated on, “Binance’s acquisition will empower DappReview with more resources to accelerate our business growth. Our next step is to partner with more blockchain protocols and developers on dapp data integration, and push for dapps adoption on a greater scale.” With bodes well for the potential of this new dawn in the platform’s history.

The name DappReview is one that is well-known in the industry and has earnt praise from numerous big names in the blockchain industry, including from Tron founder, Justin Sun, who in particular has been a vocal supporter of the platform. It will be interesting to see if they can maintain their integrity and notoriety going forward as a new branch of the ever-expanding Binance umbrella.

Recently Similar News

trueflip-promotion bitamp-promotion

Latest Guides

Latest News

Bitcoin,Ethereum,Finance,Trading

XTB Notes That Bitcoin Market Sentiment Hits Yearly High

As Bitcoin breaks $12,000 per BTC, market sentiment for Bitcoin is at a yearly high. After just breaking through the major resistance level fo $10,000, Bitcoin has shown no signs of slowing down as it breaks the $12,000 barrier today. This bull run and market sentiment is applying to other major cryptocurrencies, such as Ethereum […]

10 August, 2020
Binance,Bitcoin,Derivative Trading,Trading

Binance’s July Trading Report Showcases Futures Contract Trading

Binance, the largest cryptocurrency exchange worldwide, update their followers on the state of the market in July, including the fact that the top 10 performing coin futures contracts on Binance gained at least 45%. Binance has released their monthly trading report to their users with a lot of very positive news. The first key takeaway […]

10 August, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Exchange Platforms

Changelly July Digest: What to Expect Moving Forward

Changelly has released their monthly report highlighting the most impact decisions of the month. The largest announcement that Changelly has made this month is the introduction of Changelly PRO, a fuller feature cryptocurrency exchange that will allow Changelly users to “expand their boundaries of the daily trading experience”. This is quite the expansion from Changelly’s […]

8 August, 2020
Bitcoin,Crypto Mining,Cryptocurrency,Mining

Changelly Creates List of Best Bitcoin Mining Software and Miners in 2020

Changelly, the popular CFD trading platform, is focusing on providing educational material to the crypto community and wants to showcase the state of Bitcoin mining in 2020. The break down the most reliable Bitcoin miners of the year. Bitcoin mining, or validating transactions on the Bitcoin blockchain, is the backbone of the decentralized ecosystem that […]

8 August, 2020
Blockchain,Cryptocurrency,Exchange Platforms,Trading

Exmo Exchange Has Harmony Win Contest for New Coin Listing

Exmo exchange has held a competition to decide on which coin will be listed on their exchange next for trading. The contest was between two projects, Harmony and JUST, with Harmony winning by a large margin. After holding another vote to determine which coin will next be listed on the Exmo exchange, Harmony beat out […]

7 August, 2020
Bitcoin,Cryptocurrency,Localbitcoins,Trading

LocalBitcoins Announces 2019 Financial Results

LocalBitcoins, the peer-to-peer platform set up to facilitate in person Bitcoin trading, has released their 2019 financial statements. LocalBitcoins, the most popular peer-to-peer platform for users to finds like minded individuals to do in person trading with, announced and released their 2019 financial statements in July. LocalBitcoins reported that they brought in an annual revenue of […]

7 August, 2020
BitMEX,CFD Trading Platform,Cryptocurrency,Exchange Platforms

BitMEX Introduces Lower Maintenance Margins and Explains Their Impact

The popular cryptocurrency exchange BitMEX has lowered their base maintenance margin requirements for users that participate in futures trading. BitMEX has decided to lower their Base Maintenance Margin requirements for their futures trading, a move they say will have positive impacts. The latest margin maintenance requirements had dropped both BitMEX’s XBT and ETH contracts to […]

6 August, 2020
Bitcoin,Cryptocurrency,Exchange Platforms,Regulation

Zcash Is Now Available On The eToro Exchange

Zcash, one of the most popular privacy based cryptocurrencies in the space, is now available for trading on eToro. Zcash was initially launched in 2016 by the Electric Coin Company, and is supported by the Zcash Foundation, a public charity. Zcash has the goal of bringing privacy to the blockchain. As a hard fork of […]

6 August, 2020