MV Capital | CoinMarketCap Buys CoinGlass to Expand Crypto Derivatives Coverage

CoinMarketCap has acquired derivatives data platform CoinGlass for an undisclosed sum, adding open interest, funding rates and liquidation metrics for its global user base while keeping CoinGlass independent

Deal Adds Leveraged Trading Insights

CoinMarketCap completed the acquisition of CoinGlass on Friday, bringing specialized cryptocurrency derivatives market data into its platform. The financial terms of the transaction were not disclosed. The move expands CoinMarketCap’s coverage beyond spot prices and market capitalizations to include key leveraged trading indicators used by traders worldwide.

CoinGlass monitors open interest, funding rates, liquidations and options data. It currently covers 28 exchanges and tracks more than 2,500 instruments. The platform serves more than 5 million monthly active users and supports over 10,000 API customers.

Under the agreement, CoinMarketCap users will gain access to derivatives positioning information alongside traditional price tracking. This includes data on where liquidations are concentrated and how funding rates are shifting across major trading venues.

CoinGlass Operations Remain Unchanged

CoinGlass will continue operating under its existing brand name after the deal. Its current team will remain in place and manage day-to-day operations. The website, mobile application, free analytical tools, API services and pricing structure will stay the same.

CoinMarketCap, which reaches 115 million monthly users, said the combination will provide its audience with additional perspectives on leveraged trading activity. Spot market data will now sit alongside advanced derivatives analytics without altering CoinGlass’s independent service delivery.

Background on CoinMarketCap Ownership

Binance acquired CoinMarketCap in April 2020. At the time, Binance stated that CoinMarketCap would continue to operate independently, with no influence over its rankings or data practices. That operational separation has remained in effect since the earlier transaction.

The addition of CoinGlass extends CoinMarketCap’s data capabilities while preserving the operational identity of both platforms. Users of either service will see continuity in existing tools and access methods as the integration proceeds.