CoinMarketCap has completed its acquisition of CoinGlass, bringing one of the crypto industry's largest derivatives analytics platforms into the Binance-owned market-data business. Financial terms were not disclosed, and the deal closed on September 25.

CoinMarketCap announced the acquisition in an official post. The announcement framed the deal as bringing crypto derivatives data to the world's most referenced crypto price tracker.

CoinGlass tracks open interest, funding rates, liquidations, long-short positioning, and 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 data alongside spot prices, market capitalizations, and trading volumes.

CoinGlass Keeps Brand, API, and Pricing

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, and the CoinGlass team will stay 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 reflects the value of outstanding derivatives positions, while funding rates track the payments that keep perpetual futures prices aligned with spot markets. Liquidation data identifies where leveraged positions are forcibly closed during sharp price moves. CoinGlass consolidates these readings across its covered exchanges into a single cross-market view.

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 Has Owned CoinMarketCap Since 2020

Binance acquired CoinMarketCap in April 2020, adding the price and exchange-tracking platform to its broader crypto business. The original acquisition terms kept CoinMarketCap operating as a separate entity, with Binance stating 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. How CoinGlass's datasets will ultimately be surfaced within CoinMarketCap's own product remains to be seen; for now, CoinGlass's existing website, app, and API remain the access points.

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. No purchase price was disclosed, and CoinGlass's API, subscription pricing, and free data tools remain unchanged following completion.