CoinMarketCap acquires crypto derivatives data platform Coinglass
39 minutes ago
On September 25, CoinMarketCap announced it has completed the acquisition of crypto derivatives data platform Coinglass, with the transaction amount undisclosed. Founded in 2019, Coinglass currently covers 28 trading platforms and over 2,500 trading products, providing data including open interest, funding rates, liquidations, options, and long-short ratios. It boasts more than 5 million monthly active users and serves over 10,000 API clients. CoinMarketCap stated that post-acquisition, it will integrate Coinglass’s derivatives data with its own crypto asset price data to offer users information such as market leveraged positions, liquidation distributions, and funding rates. The firm added that Coinglass will continue operating as an independent business, retaining its brand. Its website, app, free tools, APIs, and pricing will remain unchanged, and the team will continue leading product development.
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