New findings by CoinMarketCap indicate that derivatives markets are now the primary driver of trading volume across leading crypto exchanges.

Cryptocurrency exchange activity continues to be heavily concentrated and largely driven by derivatives trading, according to the latest report by CoinMarketCap. In fact, data showed that a small group of major platforms dominates overall market volume.

Binance alone accounts for 29.42% of total monthly volume as it surpassed $1.8 trillion.

Derivatives Surge

Alongside Binance, other prominent players such as OKX, BitMart, Gate.io, and Bybit collectively contributed to nearly 68% of total trading activity. This demonstrates that…