2025 Exchange Landscape Reshuffle: Spot Trading 18.6 Trillion, Perpetual Contracts Become Growth Engine

SerumDegen · 2026-01-13T01:44:10+00:00

In 2025, the cryptocurrency trading market showed a growth trend, with the spot trading market size reaching $18.6 trillion, a 9% increase; the derivatives sector was even more prominent, with perpetual contract trading volume rising to $61.7 trillion, a 29% increase. The monopoly power of leading exchanges strengthened, with market share tilting towards them, reflecting participants' rising demand for risk management.

SerumDegen

2026-01-13 01:44:10

Abstract generation in progress

【Chain Wen】In 2025, the cryptocurrency trading market enters a new growth cycle. According to the latest data, the spot trading market size has reached $18.6 trillion, a 9% increase compared to the same period last year—steady but not aggressive. The real explosion is in the derivatives sector: perpetual contract trading volume soared to $61.7 trillion, a 29% year-over-year increase.

Interestingly, this growth further consolidates the monopoly power of leading exchanges. Whether it’s the depth of spot trading, liquidity of Bitcoin perpetual contracts, or the overall reserve scale of platforms, all show a clear trend of concentration. In other words, the market cake is expanding, but the distribution power is increasingly tilted toward the top players—this is a typical sign of industry maturity.

Behind the growth driven by derivatives, it reflects an increasing demand from market participants for risk hedging and leverage operations, while also indicating that the entire ecosystem needs higher standards of risk management.

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probably_nothing_anon

· 17h ago

Perpetual contracts with 29% growth? That's a signal waiting for liquidation to happen. When the time comes, it will depend on how the leading exchanges cut their fees.

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RunWhenCut

· 17h ago

Perpetual contracts are surging so strongly, it's another feast for the top players to harvest profits.

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BtcDailyResearcher

· 18h ago

The 29% increase in perpetual contracts is really outrageous; it feels like the top players have taken it all.

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