CoinGlass derivatives data heads to CoinMarketCap’s 115 million monthly users
- CoinMarketCap bought derivatives tracker CoinGlass and will show its data to 115 million monthly users.
- The deal has already closed, and no price was disclosed.
- CoinGlass keeps its brand, app, API and pricing, and its team stays in place.
CoinMarketCap will add CoinGlass’s liquidation, funding rate, and open-interest data for its 115 million monthly users after acquiring the crypto derivatives tracker, the companies said on Friday.
The deal is completed, and neither company disclosed a price.
CoinGlass’s API, app and prices stay as they were
CoinGlass has been tracking more than 2,500 instruments across 28 exchanges since 2019. CoinMarketCap claims CoinGlass has more than 5 million monthly users and 10,000 API customers.
CoinGlass’s liquidation heatmap has become one of the charts traders pass around most, said CoinMarketCap.
CoinMarketCap chief executive Rush promised CoinGlass users would notice no difference. The site, app, free tools, API, and fee schedule all remain unchanged, as does its team, CoinGlass said.
Binance has owned the tracker since April 2020
CoinGlass made leverage data accessible to the average trader, said David Salamon, CoinMarketCap’s chief product officer.
CoinMarketCap plans to display leverage data alongside its spot prices and says derivatives now make up most of crypto’s trading volume.
Binance has been the owner of CoinMarketCap since April 2020. When Binance bought the cryptocurrency aggregator, it said the website would remain independent, and the exchange would not influence its rankings.
Blockworks acquired rival data company Messari in June, while S&P Global led an extension of Kaiko’s Series B to $110 million in September, according to Cryptopolitan.
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FAQs
What did CoinMarketCap acquire?
CoinGlass, a derivatives data platform covering 28 exchanges and more than 2,500 instruments.
Will CoinGlass change for its users?
No. CoinGlass says its brand, site, app, API and pricing stay the same.
Who owns CoinMarketCap?
Binance, which bought CoinMarketCap in April 2020.
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Randa Moses
Randa Moses is an editor and reporter at Cryptopolitan covering tech, AI, robotics, crypto, scams, and hacks. She has worked in the crypto space since 2017. She held roles at Forward Protocol, AmaZix, and Cryptosomniac. Randa holds a degree in Electrical and Electronics Engineering from the University of Bradford.
