Crypto Derivatives Hit $86T in 2025 as Binance Dominates 30% of Global Volume
Cryptocurrency derivatives trading surged to $86 trillion in 2025, averaging $265 billion daily, as Binance captured nearly 30% of global volume, according to liquidation tracker CoinGlass.
The exchange processed $25.09 trillion in cumulative derivatives volume, representing 29.3% of worldwide trading.
OKX, Bybit and Bitget followed with $8.2 trillion to $10.8 trillion each in yearly volume.
The top four exchanges accounted for 62.3% of total market share.
What Happened
The derivatives market shifted from retail-led speculation toward institutional hedging and basis trading in 2025.
Institutional pathways expanded through spot exchange-traded funds, options and regulated futures.
The Chicago Mercantile Exchange consolidated its position…
