CoinMarketCap buys CoinGlass to expand crypto derivatives data
CoinGlass will retain its brand and team, while its website, app, free tools, API and pricing will remain unchanged following the acquisition.
Crypto derivatives data platform CoinGlass has been acquired by CoinMarketCap for an undisclosed sum. The purchase expands CoinMarketCap's coverage of leveraged trading across major exchanges. CoinGlass will maintain its brand and team, with its website, app, free tools, API and pricing remaining unchanged. The platform tracks open interest, funding rates, liquidations and options, with data available for 28 exchanges and over 2,500 instruments.
The acquisition will provide CoinMarketCap users with derivatives positioning data on top of cryptocurrency prices, including insights into liquidation clustering and funding rate movements. CoinMarketCap was acquired by crypto exchange Binance in April 2020, which stated that the platform would operate independently and remain unaffected by the exchange's decisions.
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