CoinMarketCap has completed its acquisition of CoinGlass, bringing one of crypto’s largest derivatives analytics platforms into the Binance-owned market-data business. Financial terms were no
CoinMarketCap has completed its acquisition of CoinGlass, bringing one of crypto’s largest derivatives analytics platforms into the Binance-owned market-data business.
Financial terms were not disclosed. CoinGlass tracks open interest, funding rates, liquidations, long-short positioning, options and ETF flows across 28 exchanges and more than 2,500 instruments.
The platform serves more than 5 million monthly users and 10,000 API customers. CoinMarketCap reports roughly 115 million monthly users, giving the combined operation a substantially larger distribution channel for derivatives positioning alongside spot prices, market capitalizations and trading volumes.
CoinGlass will continue operating under its existing brand as an independent business following the transaction.
Its website, mobile application, free tools, API and existing pricing will remain unchanged. The CoinGlass team will also remain in place rather than being absorbed into CoinMarketCap’s product organization.
The acquisition gives CoinMarketCap direct access to data increasingly used to measure leverage across crypto markets. Open interest shows the value of outstanding derivatives positions, while funding rates track the payments used to keep perpetual futures prices aligned with spot markets. Liquidation data identifies where leveraged positions are being forcibly closed during sharp price moves.
Those measurements have also become important when comparing decentralized derivatives venues. CoinGlass data triggered a perp DEX debate in February after figures for Hyperliquid, Aster and Lighter showed large differences between reported trading volume, open interest and liquidations.
Binance acquired CoinMarketCap in April 2020, adding the price and exchange-tracking platform to its wider crypto business.
The original acquisition terms kept CoinMarketCap operating as a separate entity. Binance stated that it would have no influence over CoinMarketCap rankings and that CoinMarketCap would have no role in Binance’s exchange operations.
CoinGlass is now entering a similar structure. Its brand and products remain separate, while its derivatives datasets become part of a group that already controls one of the industry’s largest spot-market information platforms.
Derivatives represent the majority of crypto trading volume, making positioning data increasingly relevant alongside headline token prices. CoinGlass adds liquidation heatmaps, open-interest dashboards and funding-rate tracking to CoinMarketCap’s existing market coverage without changing access to CoinGlass’s current products.
The acquisition closed on September 25. No purchase price was disclosed, and CoinGlass’s API, subscription pricing and free data tools remain unchanged following completion.
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