CoinGlass

CoinGlass is a cryptocurrency derivatives data aggregation and analytics platform that connects 30+ major exchanges (Binance, OKX, Bybit, Deribit, etc.) and presents unified real-time market dashboards. Its core offerings include liquidation heatmaps and real-time liquidation stats, open interest (OI), funding rates, long/short ratios, options max pain, order book depth, capital flows, ETF net inflow tracking, and Hyperliquid whale position monitoring.

The company's main competitive edge lies in the breadth and granularity of data integration: it standardizes exchange-specific tick-level data so users can quickly grasp the liquidity structure of the entire market. A signature tool, the Liquidation Heatmap, uses algorithms to estimate price ranges where leveraged positions may be forcibly closed, helping traders identify potential support/resistance zones. The platform also offers a production-grade API (V4) covering L2/L3 order books, footprint charts, CVD, and other professional datasets.

The market pain point it addresses is the fragmented nature of crypto data, where inconsistent metrics across exchanges make it hard for both retail and institutional users to assess true sentiment and systemic risk. CoinGlass aggregates derivatives, spot, options, and on-chain data into one place with intuitive charts, lowering the analytical barrier and making it easier to monitor institutional flows and extreme market events.

In the past six months (March–September 2026), CoinGlass published its Q1 2026 exchange market share report, notably including decentralized platform Hyperliquid in the main comparison framework for the first time. The report showed derivatives volume at roughly 9.6 times spot volume, reinforcing the platform's narrative as an industry data benchmark. It also continued expanding features such as ETF flow tracking and AI-driven trading rankings, while advancing its API V4 upgrade.

One caveat: as a third-party aggregator, data connections to certain exchanges may lag during extreme volatility. In addition, its long/short ratio counts accounts rather than capital by default, which can mislead if not cross-checked against volume and OI changes.