Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Binance seeks to boost dapps ecosystem with its fourth acquisition

Image: Binance

Tue, 03 Dec 2019, 10:04 am UTC

Cryptocurrency exchange Binance has acquired decentralized applications (dapps) platform DappReview. The terms of the deal have not been disclosed.

Founded in 2018, DappReview is a leading information and analytics platform for blockchain-based dapps. It provides data analytics, user insights and dapp information for over 3,900 dapps across 13 public blockchains, including TRON and Ethereum. With over 300,000 monthly active users across 120 countries, DappReview also serves as a platform for blockchain developers to introduce their dapps to global users.

“DappReview provides TRON’s community developers with most up-to-date insights on how their DApps are performing against other DApps on TRON as well as other blockchains,” TRON Founder Justin Sun said adding that Vincent and his team frequently share industry insights and offer analytical guidance on latest industry trends.

This marks Binance’s third acquisition this year and follows after the acquisition of the Seychelles-based crypto trading platform JEX in September and Indian crypto exchange WazirX in November. Last year, the exchange had acquired Trust Wallet.

In its press release, Binance said that it will support DappReview to further develop the dapps ecosystem and foster greater blockchain adoption.

Calling this acquisition as a “significant step” into the dapps ecosystem, Binance CFO Wei Zhou said:

“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.”

Following the acquisition, DappReview will maintain its independence in technical development and operation with Binance offering support in non-technical fields such as marketing and business development. DappReview plans to release a new suite of products in the first quarter of 2020.

Vincent Niu, Founder and CEO of DappReview, said that the firm not only provides dapps analytics services, but also full packages of support for dapps developers from fund-raising, product development to marketing and promotion.

“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,” Niu added.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,124.46 (-2.16%)
  • Ethereum (ETH) $142.80 (-1.50%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $207.22 (-2.22%)
  • Litecoin (LTC) $43.64 (-1.64%)
  • Bitcoin (BTC) $7,124.46 (-2.16%)
Dec 14, 2019 (Saturday)
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
Terra launches stablecoin-powered payments service in Mongolia
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
Twitter looks to blockchain to decentralize social media
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
ING bank developing custody project for digital assets: Report
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
Franklin Templeton leads blockchain-based social impact platform’s funding round
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.