Global crypto exchange volume reached $79T in 2025 as perpetual futures ($61.8T) far outpaced spot ($18.6T); Binance was the largest contributor
first published 2026-01-12T18:42:46Z
Crypto exchanges recorded combined trading volume of over $79 trillion in 2025, driven by $18.6 trillion in spot trading (up 9%) and $61.8 trillion in perpetual futures (up ~29%), per CryptoQuant. Binance accounted for roughly 41% of top-10 CEX spot volume, $25.4 trillion in Bitcoin perpetual futures (42% of top-10) and about $47.6 billion in USDT/USDC reserves (~72% of top-10 stablecoin balances). The report expects further volume growth in 2026 from increased institutional allocations and potential regulation (Clarity Act, Genius Act).
AI Analysis
The article reports large, concrete increases in exchange volume (total $79T; spot +9% to $18.6T; perpetuals +~29% to $61.8T) and highlights Binance’s dominant share of spot, BTC perpetuals and stablecoin reserves; it also projects further volume growth from institutional allocations and potential regulation, supporting a modestly bullish market read with material liquidity implications.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- Crypto Exchanges’ Volume in 2025 Surged to $79T Catalyzed by Futures - Coinpedia
- Will Perpetual Futures Define Financial Infrastructure 2.0 - Daily Hodl
- $340 Million ETH in Hours: Tom Lee’s BitMine Stakes Ethereum Again - U.Today
- Markup of Senate Crypto Market Structure Bill Pushed to Late January - Decrypt
- Binance: Crypto Breaks out of Retail Era as Institutions Lock in Long-Term Exposure - Bitcoin.com
