Crypto Derivatives Hit $86 Trillion in 2025 as Institutional Adoption Accelerates
The cryptocurrency derivatives market shattered records in 2025 with $86 trillion in annual volume, averaging $265 billion daily. This 300% growth from 2024 reflects deepening institutional participation through Bitcoin ETFs and the dominance of perpetual contracts.
Binance, OKX, Bybit and Bitget collectively control 62% of derivatives volume, while CME's Bitcoin futures open interest suggests growing traditional finance involvement. Ethereum staking derivatives gained notable traction alongside Bitcoin products.
The market showed vulnerability during October's $19 billion liquidation event following US-China trade tensions, highlighting the sector's volatility despite its maturation.