CoinMarketCap completes acquisition of crypto derivatives data platform Coinglass

PANews reported on September 25 that CoinMarketCap officially announced that it has completed the acquisition of crypto derivatives data platform Coinglass. The transaction amount was not disclosed. Founded in 2019, Coinglass covers 28 exchanges and more than 2,500 trading products, providing data on open positions, funding rates, clearing and options. It has more than 5 million monthly active users and more than 10,000 API customers. CoinMarketCap said the acquisition will bring Coinglass’s derivatives data to its platform, providing its 115 million monthly users with information such as market leverage positions, liquidation distribution and funding rates. Coinglass stated that it will continue to operate as an independent business, and its website, App, free tools, APIs and pricing will remain unchanged.