Crypto Exchange Trading Volume Approaches $80 Trillion in 2025 Due to Futures Surge

According to recent reports, the global trading volume on cryptocurrency exchanges soared to over $79 trillion in 2025, primarily fueled by futures and perpetual contracts. This dramatic increase allowed derivatives to dominate market activity, while the growth rate for spot trading lagged behind. Spot trading concluded the year at approximately $18.6 trillion, marking a 9% increase from the previous year. In striking contrast, futures and perpetual contracts reached nearly $62 trillion, accounting for around 77% of the total exchange volume. Binance emerged as a leading force in both categories, handling approximately $25.4 trillion in Bitcoin perpetual futures alone, which represented about 42% of the top ten platforms' Bitcoin perpetual activity. Other significant exchanges, such as OKX, Bybit, and Bitget, formed a secondary grouping in the futures trading landscape. The dominance of derivatives is likely to persist unless there is a substantial rise in spot trading demand or regulatory changes alter the trading dynamics.