Crypto Derivatives Hit $85.7 Trillion in 2025 as Binance Tightens Its Grip on the Market
Binance, OKX, Bybit, and Bitget together control over 60% of total derivatives trading volume.
Centralized exchanges (CEXs) firmly dominated global crypto derivatives activity throughout the year, as total trading volume reached about $85.7 trillion and average daily turnover was roughly $264.5 billion. Trading followed a “low start, high finish” pattern, amidst tight macro liquidity early in the year and stronger risk appetite later on.
CoinGlass said that the global derivatives market has “solidified into a stratified oligopolistic landscape.”
Crypto Derivatives Trading in 2025
According to CoinGlass’ 2025 Crypto Derivatives Market Annual Report, derivatives…
