Binance led derivatives trading in Q1 2026 with $4.9 trillion in volume, while Hyperliquid cracked the top 10 exchanges by volume, according to CoinGlass. Derivatives trading dominated the crypto market with $18.6 trillion in total volume compared to $1.94 trillion in spot trading.
- Binance led Q1 2026 derivatives trading with $4.9 trillion in volume, a 35% share of the top 10 exchanges.
- Hyperliquid entered the top 10 derivatives exchanges by volume with $492.7 billion in Q1 2026.
- Derivatives trading dominated the crypto market in Q1 2026 with $18.6 trillion in volume, compared to $1.94 trillion in spot trading.
- Binance's 2025 derivatives share was 29% of $85.7 trillion in total volume.
- Hyperliquid nearly dominated the perp DEX sector in 2025, with market share reaching up to 70% at times.
- Perp DEX volumes nearly tripled in 2025 and accounted for 90% of major derivatives exchanges' activity.
Sign up free to read the full analysis
Create a free account to unlock full AI-curated market articles, personalized alerts, and more.
Share this article