Binance Dominates Crypto Derivatives Market with 46% Share

Crypto derivatives trading volume declined across most exchanges in July, according to data from WuBlockchain Data Center. The aggregate volume fell by 11.1% to $3.03 trillion.

Binance dominated the market with a 46.3% share of the total volume at $1.40 trillion. Combined, Binance, OKX, and Bybit accounted for 74.9% of all derivatives trading volume in July.

Only three exchanges saw an increase: Bitget rose by 23.5%, Gate by 21.1%, and KuCoin by 7.3%. The remaining nine exchanges reported declines, with Deribit experiencing the steepest drop at 44.4%.