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

CoinGlass released the "2025 Annual Report on the Cryptocurrency Derivatives Market." The report shows that in the bilateral liquidity depth rankings of major assets like BTC and ETH in 2025, Binance, OKX, and Bitget ranked as the top three global CEXs.

In terms of derivatives trading volume and market share, Binance maintains the top position with an average daily trading volume of approximately $77.45 billion and a market share of 29.3%; OKX ranks second with an average daily trading volume of $33.2 billion and a market share of 12.5%; Bybit comes in third with an average daily trading volume of about $29.1 billion and a market share of 11%; Bitget ranks fourth with an average daily trading volume of $25.2 billion and a market share of 9.5%.

Additionally, CoinGlass conducted a comprehensive scoring and ranking of major derivatives exchanges in the report. The evaluation is based on core trading data, combined with multiple dimensions such as product system, security, transparency, and market quality, resulting in itemized scores and a weighted total score. The results show that Binance ranks first with a score of 94.33, OKX ranks second with a score of 88.77, and Bitget ranks third with a score of 83.10.