Cryptocurrency spot trading increased by 9% year over year, while perpetual futures increased by 29%.
Binance will remain the dominant player in spot and perpetual crypto trading in 2025.
Once cryptocurrencies are institutionalized through regulatory clarification, transaction volumes may increase in 2026.
Cryptocurrency exchanges recorded a healthy increase in trading volumes in 2025 compared to the previous year. According to a report by CryptoQuant, crypto exchanges led by Binance and Bybit recorded a total trading volume of over $79 trillion in 2025.
Binance Permanent Trading Will Drive Crypto Volume Growth in 2025
According to a report by CryptoQuant, spot cryptocurrency trading volume in 2025 was approximately $18.6 trillion. This figure represents a 9% jump from the previous year’s spot crypto trading volume.
According to the report, the trading volume of perpetual futures in 2025 will be approximately $61.8 trillion, a sharp increase of approximately 29% from the previous year.
Source: X
The huge spike in cryptocurrency trading volume in 2025 was primarily driven by Binance. Notably, in 2025, Binance accounted for approximately 41% of the top 10 CEX spot trading volumes, leading most traders to choose Ethereum (ETH), XRP, BNB, TRX, and Solana (SOL).
Additionally, the report revealed that Binance handled $25.4 trillion in Bitcoin perpetual futures trading volume, representing 42% of the top 10 exchanges. Regarding stablecoins, Binance held $47.6 billion in USDT and USDC reserves, which accounted for approximately 72% of the stablecoin balances of the top 10 exchanges.
What’s next?
Cryptocurrency trading volumes in 2026 are well-positioned to grow, driven by cumulative fundamentals. Institutional investors are expected to increase their allocations to cryptocurrencies in 2026, triggered by a clearer regulatory outlook.
Furthermore, the crypto industry is hoping for the Clarity Act to be enacted in 2026. With the Genius Act already in its implementation phase, crypto exchanges are well-positioned to record record trading volumes by the end of this year.
