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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...
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