CoinMarketCap announced the completion of its acquisition of Coinglass.
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AT A GLANCE
CoinMarketCap announced the completion of its acquisition of Coinglass, with the amount undisclosed.
Article
CoinMarketCap Acquires Crypto Derivatives Data Platform Coinglass BlockBeats reported that September 25，CoinMarketCap announced on September 25 that it had completed the acquisition of crypto derivatives data platform Coinglass, with the transaction value undisclosed.Coinglass was established in 2019 and currently covers 28 trading platforms and more than 2500 trading products, providing data including open interest, funding rates, liquidations, options, and long/short ratios. It has more than 5000000 monthly active users and serves more than 10000 API clients.CoinMarketCap stated that, following the acquisition, it will combine Coinglass's derivatives data with its own crypto asset price data to provide users with information on leveraged market positions, liquidation distributions, and funding rates.CoinMarketCap stated that Coinglass will continue to operate as an independent business and retain the Coinglass brand. Its website, app, free tools,API and pricing will remain unchanged, while its team will continue to lead product development.
Original link https://m.theblockbeats.info/flash/369001
Key points
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CoinMarketCap On September 25 announced that it had completed the acquisition of Coinglass.
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The transaction value was undisclosed.
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Coinglass Established in 2019, it covers 28 trading platforms and 2500 trading products.
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Coinglass It provides data on open interest, funding rates, liquidations, options, and long/short ratios.
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Coinglass It has more than 5000000 monthly active users and serves more than 10000 API clients.
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CoinMarketCap stated that it will combine Coinglass's derivatives data with its own crypto asset price data.
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Coinglass will continue to operate as an independent business and retain the Coinglass brand.
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Coinglass's website, app, free tools,API, and pricing will remain unchanged, and its team will continue to lead product development.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that CoinMarketCap has completed the acquisition of Coinglass. The two companies stated that they will combine price data and derivatives data in the future, but Coinglass will continue to maintain its independent brand and existing product arrangements.
Why it matters to readers
Users may be able to view crypto asset prices, leveraged positions, liquidation distributions, and funding rates within the same ecosystem.
Open interest refers to the number of contracts that remain open; funding rates reflect periodic fees in certain derivatives transactions; liquidations refer to the forced closure of positions due to insufficient margin.
Risks and unknowns
The transaction value was undisclosed.
The original report did not provide CoinMarketCap's official announcement or transaction documents; the announcement's content was primarily relayed by BlockBeats.
The timing and specific scope of the data integration have not been disclosed.
Coinglass The arrangement to maintain independent operations and leave products and pricing unchanged remains subject to subsequent execution.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.
