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CoinMarketCap has completed its acquisition of crypto derivatives data platform CoinGlass for an undisclosed amount. CoinMarketCap plans to integrate CoinGlass data on open interest, funding rates, liquidations and options into its broader market-data offering.
Why it matters
The acquisition brings derivatives indicators into a service CoinMarketCap says reaches about 115 million monthly users. CoinGlass covers 28 exchanges and more than 2,500 instruments, with over 5 million monthly users and more than 10,000 API clients.
Market impact
CoinGlass will continue operating under its existing brand, with its website, app, free tools, APIs and pricing unchanged for now. The integration could broaden access to derivatives data, while the immediate terms and product changes remain limited to what the companies have announced.
Source: [CoinMarketCap Acquires Coinglass, Bringing Crypto Derivatives Data to the World's Most-Referenced Crypto Price Tracker](https://coinmarketcap.com/academy/article/coinmarketcap-acquires-coinglass-bringing-crypto-derivatives-data-to-the-worlds-most-referenced-crypto-price-tracker)
Frequently asked questions
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What CoinGlass data does CoinMarketCap plan to integrate?
CoinMarketCap plans to integrate data on open interest, funding rates, liquidations and options into its broader market-data offering.
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How broad is CoinGlass’s derivatives coverage?
CoinGlass covers 28 exchanges and more than 2,500 instruments.
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How large are the platforms’ reported user bases?
CoinGlass has more than 5 million monthly users. CoinMarketCap says it serves about 115 million monthly users.
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Will CoinGlass continue operating as a separate brand?
Yes. CoinGlass will continue operating under its existing brand, with its website, app, tools, APIs and pricing unchanged for now.
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Were the acquisition terms disclosed?
No. CoinMarketCap completed the acquisition, but the amount was undisclosed.
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