January Crypto Trading Activity Review: Derivatives Account for 81%, Binance Trading Volume Exceeds $2 Trillion

Odaily According to data, over the past 30 days, approximately 81% of crypto trading volume came from derivatives. Trading activity is highly concentrated on a few large centralized exchanges, with Binance continuing to lead the pack with a total trading volume exceeding $2 trillion. OKX's spot trading volume has declined, but its derivatives trading still reached $670 billion. Analysis points out that although spot trading often dominates market discussions, it is actually derivatives trading that drives market scale, liquidity, and price discovery. (CoinMarketCap)