Binance
Acquisitions
4
Major Deals Covered
$400M
Disclosed Deal Value
Binance's largest disclosed acquisition here is CoinMarketCap for $400M in 2020. This page covers 4 major deals from 2018 to 2022, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| CoinMarketCap | 2020 | $400.0M | Bought the world's most-visited crypto price-tracking site to own a major source of crypto traffic and data. |
| Trust Wallet | 2018 | Undisclosed | Added a self-custody multi-chain mobile wallet, paid for with a mix of cash, Binance shares and BNB. |
| Swipe | 2020 | Undisclosed | Acquired a crypto debit card and wallet company to let users spend crypto at merchants. |
| Sakura Exchange BitCoin (SEBC) | 2022 | Undisclosed | Bought a crypto exchange registered with Japan's Financial Services Agency to re-enter the Japanese market. |
2022
Bought a crypto exchange registered with Japan's Financial Services Agency to re-enter the Japanese market.
Gave Binance a licensed route back into Japan after the FSA's 2018 warning.
Binance Japan launched in 2023 for Japanese residents.
2020
$400M
Bought the world's most-visited crypto price-tracking site to own a major source of crypto traffic and data.
Gave Binance a large referral channel and widely used market data on token prices, listings and volumes.
CoinMarketCap continues to run as a separately branded Binance-owned site.
2020
Acquired a crypto debit card and wallet company to let users spend crypto at merchants.
Provided the card infrastructure behind the Binance Card.
Swipe's card technology became the base for the Binance Card.
2018
Added a self-custody multi-chain mobile wallet, paid for with a mix of cash, Binance shares and BNB.
Gave Binance a non-custodial product next to its custodial exchange.
Trust Wallet grew into one of the most widely used self-custody mobile wallets.
Under Richard Teng, and since December 2025 co-CEO Yi He, Binance has swapped its old borderless model for licences and a single home regulator. The ADGM authorisation, effective January 5, 2026, puts the main platform under Abu Dhabi's FSRA. Growth now comes from three directions: keeping its lead in emerging markets, which made up 77% of users in the first half of 2026, adding institutional clients (up 9% in that period), and widening the product range from crypto into US equities, tokenized shares and pre-IPO derivatives.
Binance earns most of its money from trading fees. Regular spot traders pay 0.1% per trade, or 25% less when they pay in BNB, and futures fees start at 0.02% for makers and 0.05% for takers, falling for high-volume VIP tiers. Derivatives carry most of the volume, so they carry most of the fee income. Around that core sit margin and crypto loans, Binance Earn yield products, token listings and Launchpool campaigns, P2P and card on-ramps, Binance Pay, OTC desks and institutional custody. In 2026 it added commission-earning stock trading, tokenized shares and pre-IPO perpetual contracts. The BNB token links it all: holders get fee discounts and Launchpool rewards, and BNB pays gas on BNB Chain.
Binance bought CoinMarketCap, the most-visited crypto price-tracking site, in April 2020 for a reported $400 million. It runs as a separately branded site.
In July 2018, Binance acquired Trust Wallet, a leading decentralized multi-coin mobile crypto wallet founded by Viktor Radchenko, integrating it as Binance's official decentralized on-chain non-custodial wallet solution.
In November 2022, Binance acquired 100% of Sakura Exchange BitCoin (SEBC), a licensed Japanese crypto asset exchange service provider, which allowed Binance to re-enter the Japanese market fully regulated under the name Binance Japan.
Binance announced a deal for WazirX in November 2019, but in August 2022 Zhao said the acquisition was never completed, and ownership of WazirX became disputed.
Binance bought crypto card company Swipe in 2020 to power the Binance Card, and dApp tracker DappReview in 2019. Its largest disclosed purchase remains CoinMarketCap.
In November 2022, Binance signed a non-binding letter of intent to acquire rival exchange FTX during its liquidity crisis, but walked away within 24 hours after reviewing FTX's internal books and discovering mishandled customer funds and regulatory investigations.
Binance agreed in February 2022 to invest $200 million in Forbes, tied to Forbes' planned SPAC listing. The listing was called off in 2022, and it is unclear whether the investment was completed.
Binance Labs, the venture arm that backed early-stage crypto projects, was renamed YZi Labs in January 2025 and became a family office for CZ and Yi He, with a broader focus that includes AI and biotech.
Binance executes highly aggressive acquisitions to monopolize the crypto ecosystem, famously buying the crypto data site CoinMarketCap for an estimated $400 million, and acquiring the immensely popular Trust Wallet.
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