PANews reported on December 24 that, according to CoinGlass's 2025 Annual Report on the Cryptocurrency Derivatives Market, Binance, OKX, and Bitget ranked as thePANews reported on December 24 that, according to CoinGlass's 2025 Annual Report on the Cryptocurrency Derivatives Market, Binance, OKX, and Bitget ranked as the

CoinGlass Annual Report: Binance, OKX, and Bitget Lead BTC and ETH Liquidity

2025/12/25 12:10

PANews reported on December 24 that, according to CoinGlass's 2025 Annual Report on the Cryptocurrency Derivatives Market, Binance, OKX, and Bitget ranked as the top three global CEXs in terms of bilateral liquidity depth for major assets such as BTC and ETH in 2025.

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 market share of 12.5%; Bybit ranked third with an average daily trading volume of approximately $29.1 billion and a market share of 11%; and Bitget ranked fourth with an average daily trading volume of $25.2 billion and a market share of 9.5%.

In addition, CoinGlass provided a comprehensive score and ranking of major derivatives exchanges in its report. The assessment used fundamental trading data as the core weighting, combined with multiple dimensions such as product system, security, transparency, and market quality, to form a sub-score and a weighted total score. The results showed that Binance ranked first with 94.33 points, OKX ranked second with 88.77 points, and Bitget ranked third with 83.10 points.

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