- Cryptocurrency derivatives volume hit $85.7 trillion in 2025.
- Binance led with a 29.3% market share.
- Transition to institutional hedging increased leverage risks.
Cointelegraph reports that cryptocurrency derivatives trading volume reached $85.7 trillion in 2025, with Binance leading the market at $25.09 trillion.
This shift towards institutional hedging signals a maturing market, but increased leverage raises potential risks, highlighted by a volatile open interest peaking at $235.9 billion.
Cryptocurrency Derivatives Volume Soars to $85.7 Trillion in 2025
According to CoinGlass, the cryptocurrency derivatives market reached an astounding $85.7 trillion in trading volume during 2025. Leading trading platforms included Binance, accounting for 29.3% of the market. Other notable exchanges like OKX, Bybit, and Bitget together claimed 62.3% of total market share.
This considerable rise in trading volume indicates a distinct change from a retail-driven high-leverage model to one characterized by institutional hedging and ETFs. Despite the growth, deeper leverage chains have led to increased tail risk within the market.
The crypto community is taking note, with Binance’s dominance placing it at the forefront. No direct comments from the leadership on this matter have been identified from official channels, signifying a focus on ongoing market strategies rather than public discourse.
Institutional Shift Spurs Regulatory Scrutiny Amid Leverage Risks
Did you know? CoinGlass’s report indicates that 2025 marked a new historical peak in derivatives trading. The market embraced a transition towards institutional hedging, a shift unseen at this scale.
According to CoinMarketCap, Bitcoin (BTC) currently holds a price of $87,445.68, with a market cap of $1.75 trillion and a dominance of 59.17%. Despite a 24-hour volume decline of 34.20%, its circulating supply rests at 19,966,940 BTC. Over the past 60 days, Bitcoin saw a 23.07% price reduction.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 12:14 UTC on December 25, 2025. Source: CoinMarketCapInsights from the Coincu research team suggest that the increase in derivatives trading is likely to elevate scrutiny from regulatory authorities. Teo, CEO of Coincall, emphasizes the future, stating, “The next phase of the crypto industry will be defined by true infrastructure. Those intentionally building platforms with a focus on capital efficiency and user accessibility will shape the next decade.” This might spur subsequent technological advancements in the trading infrastructure, helping to mitigate inherent leverage risks.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/cryptocurrency-derivatives-trading-volume-2025/
