CoinMarketCap acquires crypto derivatives data platform Coinglass

BlockBeats news, September 25 - CoinMarketCap announced that it has completed the acquisition of crypto derivatives data platform Coinglass, with the transaction amount undisclosed.

Coinglass was founded in 2019 and currently covers 28 trading platforms and over 2,500 trading products, providing data such as open interest, funding rates, liquidations, options, and long-short ratios. It has over 5 million monthly active users and serves more than 10,000 API clients. CoinMarketCap stated that after the acquisition, it will combine Coinglass's derivatives data with its own crypto asset price data to provide users with information on market leverage positions, liquidation distribution, and funding rates.

CoinMarketCap stated that Coinglass will continue to operate as an independent business and retain the Coinglass brand. Its website, app, free tools, API, and pricing will remain unchanged, and the team will continue to be responsible for product development.