CoinMarketCap Acquires CoinGlass, the Go-To Bitcoin (BTC) Liquidation Tracker

CoinGlass Deal Closes

CoinMarketCap has completed its acquisition of CoinGlass, the analytics platform crypto traders rely on to track Bitcoin (BTC) liquidation data, open interest — the count of not-yet-closed futures and options contracts — and broader derivatives positioning across hundreds of tokens. The transaction was announced on Thursday, with both parties confirming it had already closed; financial terms were not disclosed. CoinGlass's official X account confirmed the completed acquisition, and both sides stressed that the product will keep running as a standalone business — the website and the mobile application remain exactly as they are for existing users. According to CoinMarketCap's own figures, CoinGlass currently aggregates data from 28 exchanges covering more than 2,500 financial instruments, a footprint that spans most of the venues ranked in our Best Crypto Exchanges comparison. For Bitcoin derivatives desks, CoinGlass is frequently the first screen pulled up after a sharp move: its liquidation dashboards and heatmaps show where leveraged longs and shorts were clustered, and its open-interest boards reveal whether fresh capital is entering or leaving futures markets. The suite goes well beyond liquidations, publishing funding rates, long/short ratios, options data and ETF flow estimates alongside more advanced market-structure tools aimed at professional users. That breadth is why the platform is treated as core plumbing for measuring risk appetite whenever a crypto whale position unwinds and sends a cascade through the wider altcoin market. The announcement still leaves several questions open — no purchase price, no integration timeline and no word on whether CoinGlass widgets will appear on CoinMarketCap's own asset pages.

confirmed the completed acquisitionhttps://x.com/coinglass_com/status/2103456391231094987

From Bybt to CoinGlass

CoinGlass launched in 2019 under its original name, Bybt, and much of the startup's early history surfaced only because of a legal dispute with exchange Bybit. Bybit first attempted to invest in the futures-data venture; those negotiations collapsed over disagreements, after which the exchange sought control of the bybt.com domain on the grounds that the name was confusingly similar to its own brand. A 2021 World Intellectual Property Organization ruling described Bybt as a cryptocurrency futures information platform and rejected Bybit's complaint — and the later rebrand to CoinGlass settled the persistent Bybt–Bybit name confusion for good. The buyer's acquisition record is unusually thin: CoinMarketCap's only previous purchase on file is Hashtag Capital, a small crypto trading and data venture acquired in June 2019. A year later, in April 2020, CoinMarketCap itself was taken over by Binance, which makes Thursday's transaction the first acquisition of note in more than six years under that ownership. The regulatory backdrop is moving in the same direction as the data business: the CFTC's September 24 FAQ cleared tokenized asset investments for Bitcoin (BTC) futures brokers, widening compliant rails for exactly the kind of derivatives exposure CoinGlass maps. CoinGlass's toolset — open interest, funding rates, liquidations, long/short ratios, options data, ETF flows and market-structure tooling — targets the professional segment where leverage concentrates fastest, and the combined entity now owns both the spot-price reference layer and the leverage-heat layer of that workflow. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

One Data Roof for BTC Leverage

COINOTAG's read is that this is a consolidation of market-data infrastructure, not an immediate trading event. The company's own X announcement — the primary record here — confirms the deal closed and that CoinGlass stays independent, so liquidation dashboards and funding-rate readouts continue uninterrupted for Bitcoin (BTC) traders. Strategically, CoinMarketCap gains a derivatives engine whose funding, options and ETF-flow data sit naturally beside its spot price pages, while CoinGlass gains distribution at scale. With BTC implied volatility hovering near the yearly low of 35, quiet leverage phases are precisely when liquidation maps matter most. The unresolved item: undisclosed terms leave CoinGlass's valuation — and any integration timeline — unknown.