CoinMarketCap acquires CoinGlass derivatives data platform

Binance-owned CoinMarketCap has acquired CoinGlass, a prominent cryptocurrency derivatives data platform, for an undisclosed sum. CoinGlass, which tracks over 2,500 instruments across 28 exchanges, will maintain its independent operations, brand, and pricing. CoinMarketCap plans to integrate CoinGlass's leverage, open interest, and liquidation data directly into its platform, exposing these metrics to its 115 million monthly users as derivatives continue to dominate crypto trading volumes.

Acquisition of CoinGlass

• ▪The financial terms of CoinMarketCap's acquisition of CoinGlass were not disclosed by either company
• ▪CoinMarketCap acquired CoinGlass, a cryptocurrency derivatives data platform, in a transaction announced on September 24, 2026

Integration of derivatives data

• ▪CoinMarketCap plans to display CoinGlass's leverage, open interest, funding rate, and liquidation data alongside spot prices for its 115 million monthly users
• ▪CoinMarketCap integrated CoinGlass data because derivatives now account for the majority of cryptocurrency trading volume

CoinGlass scale and reach

• ▪CoinGlass has more than 5 million monthly users and over 10,000 API customers
• ▪CoinGlass tracks more than 2,500 instruments across 28 cryptocurrency exchanges

History and rebranding from Bybt

• ▪Cryptocurrency exchange Bybit attempted to invest in Bybt before negotiations collapsed over disagreements
• ▪Bybit sought control of the bybt.com domain name, but a World Intellectual Property Organization panel rejected Bybit's complaint, and Bybt rebranded to CoinGlass
• ▪CoinGlass was founded in 2019 and was initially known as Bybt
• ▪A 2021 World Intellectual Property Organization decision described Bybt as a cryptocurrency futures information platform

Debatable claims

• ▪The dominance of derivatives trading over spot trading harms the cryptocurrency market
• ▪Integrating derivatives data into mainstream spot price aggregators harms retail investors
• ▪CoinMarketCap's acquisition of CoinGlass threatens the objectivity of crypto market data