CoinGecko ventures into derivatives with a futures data toolset.

The mainstream data platform CoinGecko is actively researching the rapidly expanding cryptocurrency market derivatives data, and has announced the addition of a large amount of statistical data from the derivatives market, including perpetual swap contracts and futures.

According to the data platform, CoinGecko's product will be the first in the cryptocurrency market and is committed to becoming the most comprehensive cryptocurrency derivatives database in the industry. With Bitcoin surging 40% in a single day, and the increasing popularity of derivative products on mainstream exchanges such as Binance, BitMEX, and Bybit, the market's complexity and popularity are rapidly growing, with BitMEX's recent daily trading volume exceeding $11 billion. Previously reported by ABM, Bakkt's "physically delivered" futures had a lukewarm market response after launching, but recently, with Bitcoin's recovery, its trading volume has sharply increased, with over 1,100 futures contracts traded in a single day. The new product launched by CoinGecko will provide data collected from over 100 derivative products and more than 20 derivative product exchanges. Users will be able to access key data, including real-time data on prices, open interest, funding rates, expiration dates, trading volumes, and more. CoinGecko CEO TM Lee stated: "The cryptocurrency derivatives market has shown strong growth this year. As a leading cryptocurrency data institution, CoinGecko aims to lead the industry through innovation, and we are proud to be able to launch such services first. We hope to provide traders with more data to make wiser decisions." CoinGecko users will be able to use various tools to check statistics on the cryptocurrency derivatives market, including prices, trading volumes, spreads, open interest, funding rates, futures trading volumes, cash or physically settled contract volumes, as well as detailed trading information from various exchanges. CoinGecko expects that in the near future, derivatives trading will surpass spot trading, similar to traditional markets. The company plans to continue adding new indicators for users and hopes to soon start tracking other products, including leveraged tokens offered by certain exchanges. Although CoinGecko may not be as well-known as the more widely-used Coinmarketcap in terms of user base, this move also represents CoinGecko's determination to compete with it. CoinGecko also provides a traditional Chinese interface, which is very suitable for Taiwanese users. **Related Reading** - Top 5 Blockchain Mergers and Acquisitions in 2019 - Largest US Food Group Partners with Payment Giant Mastercard to Develop Blockchain Traceability Applications Join now to get the most comprehensive financial technology information, blockchain news, and industry examples! [Click here to join](https://line.me/R/ti/p/@ace.exchange)