加密数字货币市场首现巨额并购 币安3亿美元收购海外行情数据网站

华夏时报（chinatimes.net.cn）记者胡金华 上海报道

Reporter Hu Jinhua, Chinatimes.net.cn.

全球资本市场并购正处低潮期，加密数字货币市场却传来一笔巨额并购的消息。

Global capital market M&As are at a low tide, while the crypto-digital money market has generated a large amount of information on M&As.

4月7日，全球最大的加密数字货币交易平台币安（Binance）对外宣布收购全球被引用最多的加密货币行情数据网站——CoinMarketCap（下称“CMC”），对于此次交易，币安未披露此次收购的详细金额。而《华夏时报》记者从相关渠道获悉，此次加密数字货币市场的并购交易金额达到3亿美元-4亿美元之间，约合人民币21亿-28亿元。

On April 7, Binance, the world's largest encrypted digital currency trading platform, announced its acquisition of the world's most quoted encrypted money intelligence site, CoinMarketCap (hereinafter “CMC”), for which it did not disclose the full amount of the purchase. The Washington Times journalist learned from relevant sources that the value of the encrypted digital money market's M&A transaction was between $300 million and $400 million, approximately $2.1-2.8 billion.

“币安和CMC将携手追寻其共同愿景，让加密资产惠及全球每一个人。此次收购后，CMC继续作为独立主体进行运营。虽然币安交易平台信息与BNB已被收录至CMC，但币安和CMC是保持严格独立性的两家公司，即币安不会干涉CMC排名业务，而CMC也不会对币安现有业务造成任何影响。在币安专业支持、资源及商业规模的支持下，CMC可继续保证提供业内最准确、及时和高质量的加密资产行情数据。”对此这次交易，币安官方在当日对外发布的公告中称。

“The currency and the CMC will work together to pursue their common vision to the benefit of encrypted assets for everyone around the world. After this acquisition, the CMC will continue to operate as an independent subject. Although information on the currency trading platform and the BNB have been recorded in the CMC, the currency and the CMC are two companies that maintain strict independence, i.e., they will not interfere in the CMC ranking business, and the CMC will not have any impact on the current business.

而在业内人士看来，加密数字货币市场的交易，一直备受诟病，由于缺乏公正性和透明度，即使国内和海外有一些独立的行情网站，也都与交易所多多少少存在着利益关联，而币安如此大手笔的去收购这样一个行情网站，能否起到净化市场、规范交易的效应，还有待观察。

In the opinion of the business community, transactions in the encrypted digital money market have been plagued by a lack of fairness and transparency, and even the existence of independent websites, both domestic and overseas, are more or less connected with the exchange, and it remains to be seen whether the acquisition of such a site, which is so heavily crafted, can have a market-purification and trade-regulating effect.

数亿美元交易值不值

billions of dollars worth of transactions are not worth

就在币安发布上述消息之后，有相关媒体就援引知情人士称，币安此次收购实际金额达3亿美元，以股权和 BNB 结算，而此前消息则是收购金额达到4亿美元以现金和股权的方式收购。

Immediately after the announcement of the above-mentioned information, relevant media sources quoted that the actual amount of the purchase was $300 million, settled in equity and BNB, after the previous information was $400 million in cash and equity.

“对于这次收购，业界主要关注两点：一是斥巨资收购行情网站，币安的钱究竟花得值不值？二是CMC作为动态呈现行情、实时展现交易所排名的数据网站，被交易所收购是否意味着失去中立性？”4月8日，上海一位从事加密数字货币分析的市场人士王航对《华夏时报》记者表示。

“With regard to this acquisition, there are two main points of concern for the industry: first, that the money is not worth the money, and second, that the CMC, as a dynamic data site showing the exchange’s ranking in real time, means that the exchange’s acquisition has lost its neutrality?” On 8 April, a marketer in Shanghai who works on encrypted digital money analysis, Wang Air, told a Washington Times reporter.

事实上，记者也梳理发现，从加密数字货币出现至今，金额过亿美元的市场并购交易寥寥可数且都在境外：包括Circle以4亿美元收购Poloniex，比利时投资公司NXMH以约4亿美元收购Bitstamp，Coinbase以1.2亿美元收购Earn.com,以及Kraken在2019年以1亿美元收购Crypto Facilities等。

In fact, journalists also collide that from the advent of encrypted digital currencies to the present, market M & As transactions amounting to more than US$ 1 million are few and all outside the country: Crcle buys Poloniex for US$ 400 million, the Belgian investment company NXMH buys Bitstamp for about US$ 400 million, Coinbase buys Earn.com for US$ 120 million, and Kraken buys Crypto Facilities for US$ 100 million in 2019.

“币安平均每年利润接近5亿美元，3亿美元收购对于币安而言问题不大，而且币安本身也不可能一次性现金支付，如以几年分批，部分现金、部分股票计，这笔钱对币安没有什么压力。”对此，一位熟知币安业务的人士分析指出。

“The average annual profit of currency security is close to $500 million, and the $300 million acquisition is not problematic for currency security, and currency security itself is unlikely to be paid in one-time cash, for example, in instalments over several years, in part cash, in part in shares, and there is no pressure on currency security.” In this regard, an analysis by a person familiar with currency security operations points out.

那么，CMC到底是一个什么样的机构，值得币安花大价钱去收购呢？

So, what kind of institution is the CMC worth buying for?

4月9日，记者查询资料发现，CMC是整个加密市场最早的行情网站，于2013 年4月在美国纽约皇后区一幢新住宅楼内创立。经过7年的发展，CMC目前可以提供5296个加密货币、500多家交易所等数据查询，并免费开放接口服务，聚合了全球加密货币交易数据。由于收录数据较为全面，早期投资者甚至通过CMC进行搬砖交易。

On 9 April, a journalist survey found that the CMC was the first Internet site in the entire encrypted market and was created in April 2013 in a new residential building in Queens, New York. After seven years of development, the CMC is now able to provide data access to 5296 encrypted currencies, over 500 exchanges, and a free interface service, bringing together global data on encrypted currency transactions.

另外根据chinaz.com的数据显示，CMC现在全球综合排名第555位，其他加密数据行情网站远远落后于CMC：Coingecko(7378位)、非小号（8801 位）、Aicoin（71862位）、skew.com（112953位）。

Also, according to Chinaz.com data, CMC is now ranked 555th in the global aggregate, while other encrypted data profiles lag far behind CMC: Coingecko (7,378), non-nomin (8,801), Aicoin (7,1862) and Skeew.com (11,2953).

值得一提的是，就在上述并购消息发布后，币安首席执行官赵长鹏对外发声称，CoinMarketCap的核心DNA与币安的价值观紧密契合，两家公司均坚持自由、透明、用户导向的价值观。此次收购使双方向共同愿景更进一步，且能更有效地促进行业往透明化方向发展。这也让双方有机会各取所长，共同为加密资产的基础建设服务。

It is worth mentioning that, following the above-mentioned M & As announcement, Chief Executive Officer Zhao Chang Peng of the Yuan stated that the core DNA of CoinMarketCap is closely aligned with the values of the currency, and that both companies adhere to the values of freedom, transparency, and user-orientedness. The acquisition allowed both sides to move further towards a shared vision and to contribute more effectively to the development of the industry in the direction of transparency.

而作为被收购一方的CoinMarketCap，则承诺将通过确保信息准确度和改进排名方法，一如既往地为投资人提供最高质量的信息。为了丰富用户的决策流程，CoinMarketCap最近启动了新的流动性指标，并添加了衍生产品市场数据、新的评级指标和来自可信第三方的分析。CoinMarketCap将扩大其信息服务范围，提供包括期货、期权、借贷和更多增值数据分析和工具等交易产品。

CoinMarketCap, which is a party to the acquisition, is committed to providing investors with the highest-quality information as it has in the past by ensuring the accuracy of information and improving ranking methods. To enrich the decision-making process, CoinMarketCap has recently launched new liquidity indicators, adding derivatives market data, new rating indicators, and analysis from credible third parties. CoinMarketCap will expand its information services to provide transactional products, including futures, options, lending, and more value-added data analysis and tools.

未来市场将现更多并购

不管承不承认，合法不合法，加密数字货币市场已经存在，就不可能消失，而另各国投资人以及监管部门头疼的是，充斥着内幕交易与频繁遭受黑客攻击的市场如何真正被纳入监管是头等大事。

In spite of non-recognition, legality and the existence of encrypted digital money markets, it is impossible to disappear, while investors in other countries, as well as regulators, suffer from the fact that it is a matter of paramount importance that insider trading and markets that are subject to frequent hacking.

“加密数字货币交易在国内是不被允许的，而在海外市场，大型的头部交易平台也在主动寻求纳入监管，比如在韩国、日本、新加坡等地。不过很多交易所平台的注册地和服务器则都是放在南美乃至非洲的一些避税天堂国家，这也使得交易监管变得困难重重。”对此，王航也表示。

“Calculated digital currency transactions are not allowed in the country, while large head-to-head trading platforms in overseas markets, such as in South Korea, Japan, Singapore, etc., are actively seeking to incorporate regulation. But many exchange platforms are registered and servers in tax haven countries in South America and Africa, which makes it difficult to regulate transactions.

在王航看来，加密数字货币交易已经过了最初的疯狂生长和一夜暴富的时代，全球的投资人在经历过多轮的加密数字货币暴涨暴跌之后，其投资会变得更加理性，至于交易所平台与发行方之间的交易，也会变得更透明。未来更多的情况是这个市场会加速淘汰，会有更多的平台和网站乃至币种消失，而留存下来的机构和币种凸显出投资价值。

In Wang’s view, encrypt digital currency transactions have passed their early years of frenzied growth and overnight richness, and investments by investors around the world will become more rational after multiple rounds of digital cryptic money surges and collapses, as will transactions between exchange platforms and issuers. More likely in the future, the market will be rapidly phased out, more platforms and websites will disappear, and more money will disappear, while the institutions and currencies left behind will highlight the value of investment.

“未来我们考虑的是并购一些交易所平台，让业务和交易更加规范，同时也会投资一些更有价值和潜力的区块链技术团队。”4月9日，欧科集团一位匿名人士告诉《华夏时报》记者。

“What we're thinking about in the future is the acquisition of exchange platforms to make business and transactions more regulated, while also investing in more valuable and potential block chain technical teams.” On April 9, an anonymous EUCO source told the Washington Times journalist.

值得关注的是，截止到2019年底，全球的加密数字货币交易所平台大约有200余家，而真正有交易量的平台也就几十家而已，同样作为衍生产业链之一的行情分析平台则超过一万多家，而交易的币种则超过30000种。

It is interesting to note that, by the end of 2019, there were about 200 secure digital currency exchange platforms around the globe, but only dozens of platforms with a real volume of transactions, more than 10,000 such platforms as one of the derivative industrial chains, and more than 30,000 currencies.

对此，高盛全球研究团队此前发布的一份报告认为，加密货币是区块链技术的第一场试验，也是一个经典的投机性泡沫，正如“互联网泡沫”时期过后，众多企业化为泡影、第一代互联网搜索如今也早已被迭代，当前存在的部分加密货币价值未来同样可能会变为零，而这是当前市场没有充分定价导致的，这也意味着这个市场未来的并购和淘汰将成为常态。

In response, a previous report issued by the Goldman Sachs Global Research Team concluded that encrypt currency was the first experiment in block chain technology and a classic speculative bubble, as was the case in the aftermath of the “Internet bubble” period, where many businesses were lost and first-generation Internet searches were now overtaken by events, and that some of the encrypt currency values currently in existence could also become zero in the future, as a result of the current market's inadequate pricing, which also meant that future mergers and phase-outs of the market would become the norm.

责任编辑：徐芸茜 主编：秦岭

Mr. Xu Jinxi, editor-in-chief, Qin Qin Qing Xing