Binance in Early Discussions of Acquiring Kucoin

You heard it here first. Screencap.

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ok mister insider

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just watch. Kucoin just announce an NFT market place. This is part of the KPI requirements for the acquisition. Binance is on track for $1bn in profit in 2020 alone and thus they are strategically shifting from build to buy. They already bought the top of the funnel with their acquisition of coinmarketcap. They took large stake in UNI for defi. They plan to acquire KuCoin for its NFT market place and general CEX market share.

How confident are you on this?

wait and see, bud.

When will it be public?

how can we profit from this?

what implications would this have?

How that change KuCoin Share? Sure that is good for investors but the deal is going to happen in dollars not exchanging KCS?

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employees are starting to buy their positions just this week. If the deal holds through it would likely be 6 months before public notice. Still very early, but mostly contingent on KuCoin meeting their expected marks in the coming months. Johnny Lyu joining as CEO in March was part of beginning the preparation. The hack slowed things down, but the insurance policy held through and most of the coins were returned to clients. Despite project teams having some push back on the handling, this was to usership/preserve market share and it's worked so far.