The 2025 derivatives market landscape is set: Who is leading the trading volume war

2025-12-25 04:12:11

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【ChainNews】CoinGlass’s latest 2025 Cryptocurrency Derivatives Market Annual Report reveals an interesting phenomenon—the competitive landscape among leading exchanges is gradually stabilizing.

In the liquidity depth comparison of mainstream assets like BTC and ETH, several top-tier institutions have formed a clear first echelon. Trading volume data best illustrates the point: the platform with an average daily trading volume of approximately $77.45 billion firmly holds the first place, with a market share close to 30%; followed closely by a platform with an average daily volume of $33.2 billion, controlling 12.5% of the market; the third and fourth places are operated by exchanges with average daily volumes of $29.1 billion and $25.2 billion, with market shares of 11% and 9.5%, respectively.

However, looking at trading volume alone is not comprehensive enough. CoinGlass’s comprehensive evaluation system is more interesting—they not only consider basic trading data but also incorporate product systems, security guarantees, information transparency, and market liquidity quality into the weighting.

After the overall scores are released, the top-ranked platform scores 94.33 points, with a clear lead; the second place follows with 88.77 points; and the third scores 83.10 points. This report clearly reflects that derivatives exchanges are not only competing in trading volume; security, user experience, and market depth also determine the ecosystem’s competitiveness.

BTC0.88%

ETH0.22%

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DeFiChef

· 2h ago

Damn, 77.45 billion in daily trading volume? That number sounds a bit suspicious, is it all hype or genuine transactions? --- Looking only at trading volume is pointless; everyone knows the tricks of fake volume. The real competition is about safety and transparency. --- 30% market share... a dominant player is becoming increasingly obvious. How will mid- and long-tail exchanges survive? --- It seems that CoinGlass's evaluation method isn't innovative at all, still the same old approach. --- Is the top spot already decided? No, the market landscape changes every year, last year's conclusion was overturned this year. --- Basically, it's about liquidity effects. Big players cluster at the top, while small and medium exchanges can only eat leftovers. --- When it comes to security, I still trust the few established old brands. Newcomers, no matter how good their trading, aren't stable enough. --- This report seems a bit inflated; next year, this ranking will probably be reshuffled again.

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CascadingDipBuyer

· 2h ago

Here comes another round of getting my韭菜 (leeks), with such huge actual trading volume, why didn't I make any money? --- 774.5 billion daily trading volume, sounds unbelievable, how come my positions are so easily wiped out... --- Is the overall situation stable? What's unstable is my wallet, haha. --- 30% market share still isn't enough; no matter how good the liquidity depth sounds, you have to look at the slippage. --- Product system security assurance... Brother, honestly, when choosing a platform, in the end, it's all about who won't run away. --- What are the third and fourth exchanges? If I haven't heard of them, I won't touch them. --- Large trading volume is one thing, but the problem is how absurdly my orders are filled. --- This report didn't tell me which platform has the most unfair fees. --- Daily average of 77.4 billion? I really want to know how much of that is generated by bots... --- Here we go again, stirring up old news. The situation has been stable for three months already, okay?

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CrossChainMessenger

· 2h ago

774.5 billion USD in daily trading volume, the gap is just too big, and the winner takes all feeling is becoming stronger. There are really only two tiers; the top tier gets the leftovers and can't share. The focus should be on safety and transparency; high trading volume doesn't necessarily mean reliability. When the landscape stabilizes, it becomes less interesting; without growth stories, how can it be driven? The chosen ones have won again; what are other exchanges supposed to do? With such high market concentration, a regulatory breeze could reshuffle the deck. Comprehensive assessment? Honestly, it still comes down to trading depth; everything else is just superficial.

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StableCoinKaren

· 2h ago

The pattern is already set? That's laughable. The crypto world changes so quickly, and you still dare to say it's fixed. The top 30% share—what about the rest? Do you really think the middle-tier teams have no chance? 774 billion in daily trading volume... I know how much of that number is inflated. It all depends on who does security well; everything else is just empty talk. Why trust CoinGlass's assessment? You still need to verify it yourself. The Matthew effect in derivatives is too strong; new players almost have no way out.

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DataBartender

· 3h ago

774.5 billion daily trading volume... These leading platforms are really far ahead Everyone is eager to take a bite, but they just can't catch up A 30% market share directly makes them a legend, while the rest are fighting over leftovers The derivatives market is really complex; looking at trading volume alone is okay, but the key is who is more reliable in safety and liquidity The real differences lie in the product system and transparency The leaders are basically set, and it's very difficult for new players to break through

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