Cryptocurrency exchange Binance has acquired Beijing-based blockchain data startup DappReview, which tracks nearly 4,000 decentralized applications (dapps) built on over 10 public blockchains, including Ethereum and Tron.
The two firms did not disclose the price of the acquisition. Viktor Radchenko, founder of Binance’s Trust Wallet, told CoinDesk that the acquisition will help the exchange further develop its existing dapps and create new blockchain use cases.
“In the near future, Trust Wallet will integrate DappReview APIs
to provide easy access to explore new dapps and crypto games, as well as more insight into DeFi
services, analytics and usage,” said Radchenko.
The acquisition means Binance will now have a wholly-owned unit based in China. The exchange recently denied having offices in Shanghai, as well as declined rumors that a Beijing office was upcoming.
Founded last year, DappReview is a well-funded startup, having raised “millions of yuan” in a Series A round in June. “Next step, DappReview will expand its footprint on the global market, on which Binance will provide all needed support in terms of marketing and branding,” Niu told CoinDesk.
Binance appears to be on an acquisition-spree. Just last month, Binance acquired Indian cryptocurrency exchange WazirX, reportedly in a $5-$10 million price range. In September, it bought out little-known Seychelles-based derivatives platform JEX and rebranded it to Binance JEX to offer cryptocurrency futures, options, and perpetual contracts. Last year, Binance also snapped up U.S.-based mobile wallet company Trust Wallet as its first acquisition ever.