Crypto Derivatives Trading Hits $86 Trillion in 2025
The report shows that cryptocurrency derivatives trading totaled approximately $85.7 trillion for the year, averaging around $264.5 billion in daily volume.
The report shows that cryptocurrency derivatives trading totaled approximately $85.7 trillion for the year, averaging around $264.5 billion in daily volume.
Strategy, the largest corporate holder of Bitcoin, submitted a formal objection describing the threshold as “discriminatory, arbitrary, and unworkable,” warning that it would redefine operating companies as investment funds based solely on balance sheet composition rather than business activity.
Speaking at IBW, John O’Loghlen, Coinbase’s APAC director, described the reset as intentional rather than reactive. He noted that the company chose to “burn the boats”. It decided to remove all legacy Indian accounts to restart under a structure that aligns fully with domestic oversight.
This expansion builds on Ripple’s initial MPI approval in 2023 and positions the company among a small group of digital-asset firms operating under a comprehensive, regulator-supervised framework in one of the world’s most established financial centers.
The release arrives at a time when global derivatives volumes continue to concentrate around a handful of exchanges and long-standing debates around market structure, security practices, and transparency persist.