CoinGlass, a leading provider of crypto market data analytics, has officially launched the Crypto Derivatives Index (CGDI). The move marks a major step toward standardizing insight into the health and direction of the crypto derivatives market.
What Is the Crypto Derivatives Index by CoinGlass?
The Crypto Derivatives Index by CoinGlass aggregates and analyzes perpetual futures contract prices across major exchanges. By synthesizing data from top-tier platforms like Binance, OKX, Bybit, and others, CGDI offers a single benchmark for derivatives performance across the crypto ecosystem.
The index incorporates perpetual contract mark prices, basis premiums, and funding rates into a single composite value. This enables both retail and institutional traders to quickly evaluate bullish or bearish sentiment across the entire market.
Why the Crypto Derivatives Index by CoinGlass Matters
The Crypto Derivatives Index by CoinGlass is more than just a tool for data aggregation. It plays a strategic role in enhancing transparency, especially in a market often criticized for fragmentation and lack of standard references.
Three core benefits include:
- Unified Market Benchmark:
- Traders can reference one number instead of monitoring price discrepancies across exchanges.
- API Integration for Developers and Analysts:
- CoinGlass provides direct API access to CGDI, supporting over 100 data points for custom dashboards and automated strategies.
- Risk Analysis & Strategy Building:
- With insights into basis movements and funding rates, the index helps spot over-leveraged positions or arbitrage opportunities.
How CGDI Compares with Traditional Metrics
Unlike funding rates or open interest alone, CoinGlass combines multiple derivative signals into a coherent overview. It reduces reliance on isolated indicators and introduces a comprehensive derivative market health score.
This is particularly valuable for hedge funds, quant teams, and institutions that require aggregated metrics for backtesting strategies or portfolio risk management.
The Future of Derivatives Tracking with CoinGlass
With rising interest in perpetual futures and leveraged trading, tools like the Crypto Derivatives Index by CoinGlass are set to become indispensable. As DeFi derivatives also continue to grow, CGDI may expand to cover Layer 2 and decentralized exchanges.
Moreover, CoinGlass is positioning itself as a data authority for derivatives, offering a neutral and verifiable benchmark – unlike exchange-native metrics that may reflect internal positioning or incentives.
Final Thoughts
The Crypto Derivatives Index by CoinGlass represents a major leap forward in market transparency, utility, and data integrity for crypto derivatives. For any serious trader, analyst, or fund manager, CGDI could become a core component of their daily market evaluation routine.
