The firm’s derivatives tracker currently lists some 100 products such as perpetual swaps and futures from over 20 derivatives exchanges, the firm said in a press release, and covers data points such as price, interest, basis, funding rates, expiry dates and trading volume.
Listed derivatives can also be viewed in three separate ways, including by isolating products from specific exchanges.
CoinGecko CEO TM Lee said the firm anticipates adding more metrics in the future, including options and leveraged tokens offered by various exchanges:
“We hope to empower traders with more data that they can use to make better-informed decisions. We are excited about the potential growth of crypto derivatives and look forward to further democratizing data access as we continue to commit to the maturation of the digital asset space.”
The service does not list products from notable derivatives providers such as CME and Bakkt, as yet. The firm told CoinDesk that was down to the need for a reliable API for the data and the exchanges would likely be added soon.
CoinGecko’s new dataset follows the September overhaul of its “Trust Score” metric for exchange transparency. Originally launched in May 2019, Trust Score was a response to a report from financial firm Bitwise, which claimed 95 percent of crypto exchanges were involved in wash trading or other methods to obfusicate real trading volumes.
With its new offering, CoinGecko joins data provider Skew as one of few services to offer traders an easy way to monitor derivatives based on cryptocurrencies. The firm launched its skewAnalytics service in late September as it announced the raising of $2 million in seed funding from venture capital firms including Kleiner Perkins.
CoinGecko co-founder Bobby Ong image via CoinDesk archives