Binance's CoinMarketCap will now provide liquidation heatmaps and funding-rate charts to its global user base after buying the derivatives platform CoinGlass for an undisclosed sum. The company will integrate CoinGlass's data on open interest, options and liquidations into its broader market-data offerings, citing a shift in crypto trading volume toward derivatives that makes such tools essential for traders.

CoinGlass currently tracks more than 2,500 instruments across 28 exchanges and serves 5 million monthly users and 10,000 API clients, while CoinMarketCap reaches 115 million monthly users. CoinGlass will operate as an independent business under its own brand with unchanged pricing and APIs. CoinMarketCap was previously acquired by Binance in 2020 for a reported sum of $400 million paid primarily in equity and BNB.