The crypto derivatives market processed nearly $86 trillion in total volume in 2025, a year defined by institutional adoption and unprecedented stress tests. A new report from CoinGlass reveals a daily average turnover of approximately$265 billion, cementing derivatives as the primary venue for price discovery. Binance maintained its leadership, processing $25.09 trillion, or 29.3% of the global volume. A competitive second tier, including OKX, Bybit, and Bitget, brought the combined market share of the ...