CoinMarketCap Expands Data Services with Coinglass Acquisition
CoinMarketCap has acquired Coinglass, a crypto derivatives data platform, to expand its data services. The acquisition was completed on September 25, and while financial terms were not disclosed, it will allow CoinMarketCap users to access more comprehensive market data.
The integration of Coinglass's liquidation heatmaps, open-interest dashboards, and funding-rate tables into CoinMarketCap will help its 115 million monthly users better understand leveraged traders' market positioning. This move is expected to strengthen CoinMarketCap's competitive edge in the crypto market.