TechFlow, Dec 25 — CoinGlass has released its "2025 Annual Report on the Cryptocurrency Derivatives Market." According to the report, in the ranking of two-sided liquidity depth for major assets such as BTC and ETH in 2025, Binance, OKX, and Bitget ranked among the top three global CEXs.
In terms of derivatives trading volume and market share, Binance maintained its leading position with an average daily trading volume of approximately $77.45 billion and a market share of 29.3%; OKX ranked second with an average daily trading volume of $33.2 billion and a 12.5% market share; Bybit came third with an average daily trading volume of around $29.1 billion and an 11% market share; Bitget ranked fourth with an average daily trading volume of $25.2 billion and a 9.5% market share.
In addition, CoinGlass conducted a comprehensive scoring and ranking of major derivatives exchanges in the report. The evaluation was primarily weighted on fundamental trading data, combined with multiple dimensions including product offerings, security, transparency, and market quality, resulting in individual category scores and a weighted total score. The results showed Binance ranked first with a score of 94.33, OKX second with 88.77, and Bitget third with 83.10.
