CoinMarketCap Expands Derivatives Data with CoinGlass Acquisition

CoinMarketCap has acquired CoinGlass for an undisclosed amount, expanding its coverage of digital-asset markets to include derivatives data.

The acquisition will give users of CoinMarketCap access to derivatives-positioning data alongside cryptocurrency prices, including information on liquidation concentrations and changes in funding rates.

CoinGlass tracks open interest, funding rates, liquidations, and options across 28 exchanges and over 2,500 instruments.

The platform will keep its name, staff, website, mobile app, free tools, application programming interface, and pricing after the acquisition.