Binance Crypto Derivatives Hit $2.55T in July Amid Surge in Market Activity

Binance’s crypto derivatives trading volume hit $2.55 trillion in July, a 6 month high and a big jump in activity and volatility.

Written by: Arslan Butt • Wednesday, August 6, 2025 • 2 min read

• Last updated: Wednesday, August 6, 2025

Quick overview

Binance's crypto derivatives trading volume reached $2.55 trillion in July, marking a six-month high.
The platform holds over 50% of the global futures market, with 568 futures pairs available.
Institutional traders are re-entering the market, contributing to rising volumes and speculation.
Bitcoin futures Open Interest remains high at around $79 billion, indicating potential market volatility ahead.

Binance’s crypto derivatives trading volume hit $2.55 trillion in July, a 6 month high and a big jump in activity and volatility. According to CryptoQuant analyst J.A. Maartun, this comes after a big price move in both Bitcoin and altcoins following a crypto-wide rally that briefly took total market cap to $4 trillion before a late July pullback.

Binance is still the king of crypto derivatives, with over 50% of total global futures volume. Here’s how the others stack up:

Bybit: $929 billion
OKX: $1.09 trillion

These numbers show Binance’s continued lead in liquidity, user engagement and instrument variety. The platform has 568 futures pairs, the most of any competitor.

Institutional Traders Back In

The rising volume on Binance futures is more than just retail hype – it’s institutional re-entry into the market. Futures allow traders to speculate on the future price of crypto assets like Bitcoin or Ethereum without actually owning them, making them a tool of choice in times of volatility or uncertainty.

According to CoinGecko:

Binance’s daily volume: $82 billion
Peak volume: $134 billion on July 18, highest in 4 months

This is a sign of speculation and hedging. Futures markets are also a tool of price discovery, giving real-time insight into trader sentiment and direction.

Key Points:

$2.55T July volume, 6 month high
Binance has 50%+ of crypto derivatives market
568 futures pairs, most of any competitor
Daily volume peaked at $134B on July 18

Bitcoin Futures Open Interest Remains High

Beyond volume, Bitcoin futures Open Interest (OI) remains high, at around $79 billion according to CoinGlass. Down from the all time high of $88 billion in mid July, but still high. High OI can be a double edged sword. When too much leverage builds up, markets often get a “leverage flushout” – a big correction triggered by mass liquidation of overleveraged positions.

This backdrop of high volume and high OI means the market is primed for volatility in the coming weeks as traders reposition and react to price moves across crypto assets.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.