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CoinMarketCap acquires CoinGlass to expand derivatives data coverage

CoinGlass will keep its brand and team after the deal, with its website, app, free tools, API, and pricing unchanged.

Reported · Written up by our desk · Market Structure

CoinMarketCap has acquired crypto derivatives data platform CoinGlass for an undisclosed amount, aiming to expand coverage of leveraged trading across major exchanges, according to Cointelegraph.

CoinGlass will continue operating under its existing brand, with its team staying in place, and its website, app, free tools, API and pricing will remain unchanged following the acquisition.

CoinGlass tracks metrics including open interest, funding rates, liquidations, and options, and it covers 28 exchanges and more than 2,500 instruments, the outlet said.

CoinMarketCap said the acquisition would improve the experience for its users, though the provided details stop short of specifying the added capabilities.

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