CoinMarketCap Completes Acquisition of CoinGlass, Expanding Crypto Derivatives Data: 10 outlets compared

Acquisition Completed

CoinMarketCap announced that it has acquired CoinGlass, and the transaction has been completed, to bring crypto derivatives data into its price-tracking offering. CoinGlass continues to operate as an independent business under the CoinGlass brand, and its website, app, free tools, API and pricing are unchanged. CoinMarketCap said the acquisition gives the "115 million people who use CoinMarketCap each month" a view of how leveraged traders are positioned, where liquidations cluster and how funding rates are moving.

CoinMarketCap also said CoinGlass covers 28 exchanges and 2500+ instruments, and the company said CoinGlass serves 5M+ monthly users and 10k API customers. CoinMarketCap Chief Executive Officer Rush said, "Derivatives are where most of the market's risk is taken, and Coinglass is where most people go to see it."

Brand and Tools Unchanged

CoinGlass said it will continue to operate as an independent business under the CoinGlass brand, and it said its website, app, free tools, API and pricing are unchanged. CoinGlass will retain its brand and team, while its website, app, free tools, API and pricing will be unchanged following the acquisition. CoinMarketCap said the integration will place derivatives positioning data alongside cryptocurrency prices, including information on where liquidations cluster and how funding rates are moving.