Derivatives Trading Reaches $86T in 2025 Volume


Global #cryptocurrency derivatives activity has totaled $85.7 trillion in 2025, translating to daily average volume of $264.5 billion, CoinGlass reported. The expansion reflects growing institutional participation through regulated products and sophisticated #trading strategies.


#Binance processed $25.09 trillion in derivatives transactions, representing 29.3% of worldwide activity. Three other major venues, OKX, Bybit, and Bitget, combined for $27.2 trillion, with the top four platforms handling approximately 62% of total market flow.


The Chicago Mercantile Exchange expanded its footprint in $BTC contracts after surpassing Binance in open interest metrics during 2024. Regulated futures and options products drove gains for the traditional exchange as institutional pathways broadened throughout 2025.


Market structure shifted away from retail-dominated, high-leverage speculation toward hedging activity, basis trades, and ETF-linked positioning. CoinGlass noted this evolution introduced new risk dimensions through increased interconnectedness between platforms and deeper #leverage utilization.

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December 25, 2025 at 8:22 PM
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