In a significant development for the cryptocurrency market, exchanges reported an impressive trading volume exceeding $79 trillion in 2025, according to a report from CryptoQuant. This surge marks a notable increase compared to the previous year and highlights the growing interest in crypto trading.
The report reveals that the spot trading segment accounted for approximately $18.6 trillion, reflecting a 9% rise from 2024. However, the standout growth came from the perpetual futures market, which reached about $61.8 trillion, representing a remarkable 29% increase year-over-year. This upward trend underscores the accelerating popularity of futures trading within the crypto ecosystem.
Leading the charge, Binance emerged as the dominant force in the trading landscape, responsible for around 41% of the total spot volume among the top ten centralized exchanges (CEX). Traders predominantly favored assets such as Ethereum (ETH), XRP, BNB, TRX, and Solana (SOL) on this platform. Furthermore, Binance processed an astounding $25.4 trillion in Bitcoin perpetual futures volume, equating to 42% of the aggregate of the top exchanges.
In terms of stablecoin reserves, Binance held a substantial $47.6 billion in USDT and USDC, showcasing its significant share of approximately 72% of stablecoin balances among leading exchanges.
Looking ahead, the crypto trading landscape is poised for further growth in 2026, driven by a combination of robust fundamentals. Institutional investors are anticipated to enhance their cryptocurrency allocations, fueled by a clearer regulatory framework. The industry is also preparing for the potential enactment of the Clarity Act, which could provide much-needed guidance. With the Genius Act already underway, exchanges are strategically positioned to record even higher trading volumes as the year progresses.
