Binance bought part of Forbes financial media
The crypto exchange to take 2 board seats, investing $200 million
11.02.2022 - 08:00
183
1 min
0
What’s new? The Binance cryptocurrency exchange has invested $200 million in the 104-year-old Forbes magazine. Binance will take 2 of the 9 seats on the financial media’s board of directors, CNBC reports. Forbes CEO Mike Federle stated that the merger gave them the resources, experienced staff, and a large user base.
What does this deal say about the crypto market? After buying Forbes’ stake, the crypto exchange became one of the largest owners of the magazine. For Binance, it was the first such large investment. This deal shows the growing influence of the crypto sector on the rest of the industry.
In addition to the Forbes and Binance merger, another major development happened in January: BitMex bought a stake from the German bank, Bankhaus von der Heydt. CNBC’s insiders report that there will be a flood of similar deals this year, as cryptocurrency companies begin to use into accumulated funds.
Useful material?
Telegram 
Twitter Technologies
The proposed improvement would allow nodes to not store the entire history of the underlying blockchain
May 19, 2025
Market
The criminal funds were moving on the Ethereum and TRON networks
May 16, 2025
Crypto regulations
The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure
May 14, 2025
Market
The exchange’s daily volume surpasses the $3 billion mark
May 12, 2025
Market
According to anonymous sources, Facebook’s parent company will add support for USDT and USDC
May 9, 2025
Market
An on-chain analysis revealed buyer activity minutes before the official launch announcement
May 6, 2025
Cryptocurrency rates
-
Bitcoin
$105 576
BTC
+1.34%
-
Ethereum
$2 523.19
ETH
+5.7%
-
Ripple
$2.39
XRP
+0.81%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.224947
DOGE
+1.1%
-
Cardano
$0.741989
ADA
+1.53%
-
Stellar XLM
$0.286365
XLM
+0.7%
-
Bitcoin Cash
$392.27
BCH
-0.94%
-
Litecoin
$99.04
LTC
+1.79%
-
Polkadot
$4.6
DOT
+0.1%