CoinMarketCap has expanded its market data offering after acquiring crypto derivatives tracker CoinGlass.
The deal brings leverage-focused trading information closer to a wider cryptocurrency audience. CoinGlass will continue operating under its existing structure while adding its data to CoinMarketCap’s platform. The acquisition highlights the growing demand for derivatives analytics across the digital asset market.
The acquisition has already closed, although both companies did not disclose the financial terms. CoinMarketCap said it will integrate CoinGlass data covering liquidations, funding rates, and open interest for its 115 million monthly users.
CoinGlass derivatives data expands across CoinMarketCap platform
CoinGlass will maintain its independent brand, application, API services, pricing model, and existing team after the acquisition. The derivatives tracker has monitored more than 2,500 instruments across 28 exchanges since launching in 2019.
The platform currently serves more than 5 million monthly users and supports over 10,000 API customers, according to CoinMarketCap. Its tools provide traders with insights into market leverage, liquidation activity, and derivatives positioning.
CoinMarketCap said CoinGlass’s liquidation heatmap has become one of the most widely shared trading tools among cryptocurrency market participants. The company plans to place derivatives metrics alongside spot market prices across its platform.
CoinMarketCap chief executive Rush said CoinGlass users should experience no changes following the acquisition. The company confirmed that its website, mobile application, free tools, API access, and fee structure will remain unchanged.
David Salamon, CoinMarketCap’s chief product officer, said CoinGlass helped make leverage data easier for everyday traders to access. He added that derivatives now represent a major share of overall crypto trading activity.
The integration will allow users to view spot prices and derivatives information together. This approach gives market participants access to broader trading data from a single platform.
Binance ownership history and growing crypto data competition
CoinGlass previously became part of Binance after the exchange acquired CoinMarketCap in April 2020. Binance said at the time that CoinMarketCap would remain independent and that the exchange would not influence its rankings.
The latest acquisition adds to a broader wave of consolidation among cryptocurrency data providers. Companies have increased their focus on institutional-grade market information as demand for reliable analytics grows.
Blockworks acquired rival crypto data company Messari in June. Meanwhile, S&P Global led an extension of Kaiko’s Series B funding round to $110 million in September.
CoinMarketCap’s expansion into derivatives data comes as traders increasingly rely on metrics beyond traditional spot prices. Open interest, funding rates, and liquidation data have become key indicators for understanding market positioning.
By integrating CoinGlass data, CoinMarketCap aims to provide a wider view of cryptocurrency markets. The company will continue offering CoinGlass services separately while expanding access to derivatives analytics through its existing user base.
