CoinMarketCap acquires CoinGlass derivatives data platform

CoinMarketCap acquired crypto derivatives data platform CoinGlass for an undisclosed amount. CoinMarketCap announced the acquisition Friday. CoinGlass will continue operating under its existing brand. Its team will remain in place. Its website, app, free tools, API and pricing will remain unchanged. CoinGlass tracks open interest, funding rates, liquidations and options. CoinGlass covers 28 exchanges and more than 2,500 instruments. CoinMarketCap said the acquisition would give its users derivatives positioning data alongside cryptocurrency prices. The data includes information on where liquidations cluster and how funding rates are moving. Binance acquired CoinMarketCap in April 2020. Binance said at the time that CoinMarketCap would continue operating independently. Binance also said it would have no influence over the platform's rankings.