TLDR:
- Cryptocurrency exchanges recorded a combined trading volume of $79 trillion in 2025.
- Perpetual futures trading dominated the market with $61.8 trillion.
- Binance led the sector, capturing 41% of the spot market and 42% of Bitcoin futures.
The latest report from CryptoQuant revealed that in 2025, combined crypto trading volume across major exchanges reached an unprecedented $79 trillion.
The primary driver of this growth was the derivatives sector, with perpetual futures generating approximately $61.8 trillion—a 29% increase compared to 2024.
Meanwhile, spot trading also showed an upward trajectory, accumulating $18.6 trillion, up 9% from the previous year.
This robust crypto trading volume demonstrates that, beyond mere speculation, a increasingly solid institutional infrastructure is emerging. Investors focused their activity on major assets such as Ethereum (ETH), XRP, Solana (SOL), and, of course, Bitcoin, utilizing these platforms as global liquidity hubs.
Binance’s Dominance and the Surge in Perpetual Futures
During 2025, Binance remained the undisputed leader of the sector. The exchange handled 41% of the spot volume among the top ten centralized exchanges (CEX) and was responsible for $25.4 trillion in Bitcoin perpetual futures contracts.
In addition to leading in crypto trading volume, the firm strengthened its security position by custodying 72% of stablecoin reserves (USDT and USDC) among major competitors, totaling $47.6 billion on its balance sheets. Looking ahead to 2026, the outlook for crypto trading volume remains highly optimistic.
The implementation of the GENIUS Act and the expected approval of the CLARITY Act in the United States promise a more transparent regulatory framework.
This scenario will make it easier for institutional investors to increase their capital allocations, leveraging the maturity of exchanges like Binance and Bybit to channel investment flows into increasingly sophisticated and regulated financial products.
In summary, the ecosystem is preparing for a new expansion cycle supported by legislative foundations and unprecedented market liquidity.
