Binance-Backed CoinMarketCap Swallows Crypto Derivatives Data Specialist

CoinMarketCap has acquired CoinGlass, a crypto derivatives data platform, for an undisclosed amount. This deal completes a consolidation strategy that puts spot, on-chain, and derivatives market data under one Binance-owned corporate group.

CoinGlass will continue operating independently with no changes to its website, app, tools, or API, and its team will remain in place. The platform covers 28 exchanges and more than 2,500 instruments, tracking open interest, funding rates, liquidations, and options data.

The acquisition follows CoinMarketCap's 2019 purchase of Hashtag Capital and its own acquisition by Binance in 2020. It comes as rivals CoinDesk and Kaiko build competing data stacks with institutional backing.