CoinMarketCap Acquires CoinGlass for Enhanced Derivatives Data

CoinMarketCap has completed its acquisition of CoinGlass, expanding its crypto derivatives data offerings. The transaction has been finalized, and CoinGlass will continue to operate as an independent business under its brand.

The integration aims to provide users with a comprehensive view of the market's risk, including open interest, funding rates, and liquidation activity. CoinMarketCap CEO Rush noted that 'derivatives are where most of the market's risk is taken,' and CoinGlass serves as the go-to platform for traders.

CoinGlass tracks data across 28 exchanges and over 2,500 trading products, serving more than 5 million monthly active users and 10,000 API customers. The platform will retain its brand, team, tools, API, and pricing following the acquisition.