Binance-Owned Coinmarketcap Buys Coinglass as Data Debate Grows
Key TakeawaysCoinmarketcap acquired Coinglass, adding derivatives data across 28 exchanges and 2,500+ instruments.The deal gives Coinmarketcap deeper leverage data for 115M monthly users, raising concentration concerns.The next question is whether Coinglass will continue to stay independent as Binance-linked ownership deepens. Coinmarketcap Adds Coinglass to Build Deeper Crypto Market Data Coinmarketcap is expanding from price tracking into the deeper plumbing of crypto market structure. The companys statement on Friday, Sept. 25, said that it has completed the acquisition of Coinglass, the derivatives data platform widely used by traders to monitor open interest, funding rates, liquidations, long-short positioning and options activity. Financial terms were not disclosed. Coinglass covers 28 exchanges and more than 2,500 instruments, while reportedly serving over 5 million monthly users, with more than 10,000 API customers. Coinmarketcap says its own platform reaches roughly 115 million users each month. That combination gives the buyer access to a much broader view of how leverage is building across crypto markets. The strategic logic is straightforward. Coinmarketcap already dominates the retail-facing layer of crypto market data, including prices, rankings, and asset information. Coinglass adds the derivatives side, where much of the markets risk is expressed. “Derivatives are where most of the markets risk is taken, and Coinglass is where most people go









