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DevelopingAcquisition

CoinMarketCap acquires CoinGlass liquidation analytics platform

U.Today reported CoinMarketCap has bought CoinGlass, a liquidation and derivatives analytics platform covering 28 exchanges, with terms undisclosed.

Why it matters

CoinMarketCap gains a derivatives and liquidation data business alongside its market data products, and CoinGlass keeps its own brand and product surface. Because only U.Today has reported it and no terms were disclosed, the financial scale of the deal and any change to CoinGlass coverage are not established.

Key facts

CoinMarketCap acquired CoinGlass, an analytics platform for liquidations, open interest and other derivatives data.

Reported by U.Today

The transaction was already completed when it was announced on Thursday, and the financial terms were not disclosed.

Reported by U.Today

CoinGlass will continue operating independently and its products will remain separate from CoinMarketCap's, with its website and mobile app unchanged.

Reported by U.Today

CoinGlass covers 28 exchanges, according to CoinMarketCap.

28 exchangesReported by U.Today

CoinGlass covers more than 2,500 instruments, according to CoinMarketCap.

2,500 instrumentsReported by U.Today

CoinGlass was founded in 2019 and was initially known as Bybt.

2,019 yearReported by U.Today

CoinGlass is used by traders to monitor leveraged positioning in Bitcoin, XRP, Shiba Inu and hundreds of other tokens.

Reported by U.Today

What happened

U.Today reported that CoinMarketCap has acquired CoinGlass, an analytics platform for tracking liquidations, open interest and other derivatives data, adding it to CoinMarketCap's portfolio. U.Today said the deal closed and was announced on Thursday, and that the financial terms were not disclosed. CoinGlass is used by traders to watch leveraged positions in Bitcoin, XRP, Shiba Inu and other tokens, and U.Today described its liquidation dashboards and heatmaps as a fixture of the industry. The same report said the two products will stay separate and that CoinGlass will keep operating independently, with its website and mobile app unchanged. U.Today also reported that CoinGlass covers 28 exchanges and more than 2,500 instruments according to CoinMarketCap, and that the platform was founded in 2019 under the name Bybt. No other outlet in the desk's evidence set covers the transaction, so the terms, structure and scope of the deal remain single-sourced.

How the story developed

  1. Update

    CoinMarketCap announces completed CoinGlass acquisition

    The deal was announced as already closed, with financial terms undisclosed.

    U.Today

  2. First report

    First report by U.Today

    Go-To BTC, XRP, and SHIB Liquidation Tracker Acquired by CoinMarketCap

    U.Today

  3. Official statement

    CoinMarketCap states CoinGlass will keep operating separately

    Coverage figures of 28 exchanges and more than 2,500 instruments came from CoinMarketCap, and the announcement said the products stay separate.

    U.Today

Affected entities

Original sources

PublisherReportRolePublished
U.Today
Crypto media
Go-To BTC, XRP, and SHIB Liquidation Tracker Acquired by CoinMarketCapOriginal