Binance-Owned Coinmarketcap Buys Coinglass as Data Debate Grows

Coinmarketcap, owned by Binance, acquired crypto derivatives analytics platform Coinglass for an undisclosed sum. Coinglass will continue operating independently for now, but the deal sparked debate over data concentration in the industry. The acquisition adds open interest, funding rates, liquidations, and options data to Coinmarketcap's platform.