CoinMarketCap Expands Derivatives Coverage with CoinGlass Acquisition

CoinMarketCap has acquired CoinGlass, a platform that tracks crypto derivatives data. The acquisition expands CoinMarketCap's coverage of leveraged trading across major exchanges.

The terms of the deal were not disclosed, but CoinGlass will continue operating under its existing brand with no changes to its website, app, tools, API, or pricing.

CoinGlass tracks various metrics such as open interest, funding rates, liquidations, and options for over 2,500 instruments across 28 exchanges.

The acquisition allows CoinMarketCap users to access derivatives positioning data alongside cryptocurrency prices. This includes information on where liquidations cluster and how funding rates are moving.