Crypto Derivatives Hit $85.7 Trillion in 2025 as Binance Tightens Its Grip on the Market

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.”