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Cryptocurrency data platform CoinMarketCap acquires CoinGlass, bringing derivatives data into its ecosystem
Binance-owned crypto data platform CoinMarketCap (CMC) has announced the acquisition of derivatives data website CoinGlass. The transaction amount was not disclosed. This means that, in addition to already controlling one of the world’s main entry points for major crypto spot prices and market capitalizations, Binance’s ecosystem will further incorporate derivatives data such as open interest, funding rates, liquidation events, and options into its portfolio. CMC CEO Rush said derivatives are where most real risk materializes in the crypto market, and CoinGlass has become an important entry point for market observers and traders to monitor positions. The goal of this acquisition is to bring CoinGlass’s derivatives data to more CMC users, rather than changing CoinGlass itself. CoinGlass also stated via its official X account that after joining CoinMarketCap, it will still maintain its brand and independent business: “Everything you use today won’t change,” including the website, app, free tools, API, and prices.
CoinGlass has more than 5 million monthly active users, covering 28 exchanges and more than 2,500 products. CoinGlass was founded in 2019 and primarily provides crypto derivatives market data, including: open interest; funding rate; long/short ratio; liquidation/clearing data; options; ETF flows. Currently, CoinGlass covers 28 exchanges and over 2,500 trading products, with more than 5 million users per month. Its API customers number over 10,000. Among them, its liquidation heatmaps, open interest dashboards, and funding rate tables have become some of the most frequently referenced market charts in the crypto trading community.
By comparison, CoinMarketCap reaches about 115 million monthly users. CMC says that after acquiring CoinGlass, it can give users who previously mainly查看 spot prices, market caps, and trading volumes a way to also understand how leveraged traders are positioning, where liquidations are concentrating at which price levels, and how funding rates are changing.
CMC’s product lead, David Salamon, said open interest, funding rates, and liquidation data are the real indicators that reflect where market risk is being taken on. CoinGlass’s biggest contribution in the past was making these more specialized derivatives data easier for everyday traders to understand.
CoinMarketCap fills the derivatives data gap
The most direct meaning of this acquisition is to let CoinMarketCap move beyond the traditional “prices and market cap entry point” and further fill in derivatives market data. CoinMarketCap was acquired by Binance in 2020, when the deal amount was reportedly as high as $400 million. Since then, CMC has continued to operate as an independent brand, but ownership remains with Binance. Now, with CMC acquiring CoinGlass again, Binance’s data assets expand beyond spot quotes and market cap rankings to include key derivatives market indicators such as leverage, funding rates, and liquidations.
In the crypto market, derivatives trading volume has long been higher than spot trading volume—especially for large assets such as BTC and ETH. Leveraged positions in perpetual contracts, funding rates, and liquidations often directly affect short-term price trends. CoinMarketCap’s historical core strengths have been spot pricing, market rankings, and its token database; CoinGlass is closer to the leverage and derivatives analysis tools traders actually use. When combined, CMC can extend from “what price is right now” to “how much leverage the market is using right now, which side positions are leaning toward, and where large-scale liquidations might happen.”
This article Cryptocurrencies data platform CoinMarketCap acquires CoinGlass, bringing derivatives data entry into its fold
First appeared in .
Cryptocurrency data platform CoinMarketCap acquires CoinGlass, bringing derivatives data into its ecosystem
Binance-owned crypto data platform CoinMarketCap (CMC) has announced the acquisition of derivatives data website CoinGlass. The transaction amount was not disclosed. This means that, in addition to already controlling one of the world’s main entry points for major crypto spot prices and market capitalizations, Binance’s ecosystem will further incorporate derivatives data such as open interest, funding rates, liquidation events, and options into its portfolio. CMC CEO Rush said derivatives are where most real risk materializes in the crypto market, and CoinGlass has become an important entry point for market observers and traders to monitor positions. The goal of this acquisition is to bring CoinGlass’s derivatives data to more CMC users, rather than changing CoinGlass itself. CoinGlass also stated via its official X account that after joining CoinMarketCap, it will still maintain its brand and independent business: “Everything you use today won’t change,” including the website, app, free tools, API, and prices.
CoinGlass has more than 5 million monthly active users, covering 28 exchanges and more than 2,500 products. CoinGlass was founded in 2019 and primarily provides crypto derivatives market data, including: open interest; funding rate; long/short ratio; liquidation/clearing data; options; ETF flows. Currently, CoinGlass covers 28 exchanges and over 2,500 trading products, with more than 5 million users per month. Its API customers number over 10,000. Among them, its liquidation heatmaps, open interest dashboards, and funding rate tables have become some of the most frequently referenced market charts in the crypto trading community.
By comparison, CoinMarketCap reaches about 115 million monthly users. CMC says that after acquiring CoinGlass, it can give users who previously mainly查看 spot prices, market caps, and trading volumes a way to also understand how leveraged traders are positioning, where liquidations are concentrating at which price levels, and how funding rates are changing.
CMC’s product lead, David Salamon, said open interest, funding rates, and liquidation data are the real indicators that reflect where market risk is being taken on. CoinGlass’s biggest contribution in the past was making these more specialized derivatives data easier for everyday traders to understand.
CoinMarketCap fills the derivatives data gap
The most direct meaning of this acquisition is to let CoinMarketCap move beyond the traditional “prices and market cap entry point” and further fill in derivatives market data. CoinMarketCap was acquired by Binance in 2020, when the deal amount was reportedly as high as $400 million. Since then, CMC has continued to operate as an independent brand, but ownership remains with Binance. Now, with CMC acquiring CoinGlass again, Binance’s data assets expand beyond spot quotes and market cap rankings to include key derivatives market indicators such as leverage, funding rates, and liquidations.
In the crypto market, derivatives trading volume has long been higher than spot trading volume—especially for large assets such as BTC and ETH. Leveraged positions in perpetual contracts, funding rates, and liquidations often directly affect short-term price trends. CoinMarketCap’s historical core strengths have been spot pricing, market rankings, and its token database; CoinGlass is closer to the leverage and derivatives analysis tools traders actually use. When combined, CMC can extend from “what price is right now” to “how much leverage the market is using right now, which side positions are leaning toward, and where large-scale liquidations might happen.”
This article Cryptocurrencies data platform CoinMarketCap acquires CoinGlass, bringing derivatives data entry into its fold
First appeared in .
