CoinMarketCap Completes CoinGlass Acquisition

CoinMarketCap has completed its acquisition of CoinGlass, a cryptocurrency derivatives data platform, bringing the two services under common ownership as the price-tracking company expands its market data offering. The purchase price was not disclosed, and CoinMarketCap has not announced whether CoinGlass data will be added to its main price pages. CoinGlass tracks open interest, funding rates, liquidations and options activity across 28 exchanges and more than 2,500 instruments. The companies’ statements, as reported, put the platform’s audience at more than 5 million monthly users and its API customer base at more than 10,000. Those figures have not been independently verified in the available reporting, and the definition of the monthly audience was not specified. CoinMarketCap said the acquisition would make derivatives positioning data available alongside cryptocurrency price information. The data includes measures of outstanding derivatives positions, funding rates and liquidation activity. CoinGlass is known for tools such as liquidation heatmaps and open-interest dashboards, which display activity in derivatives markets.