In response to the most recent market information, Ethereum set an annual report for speculative buying and selling exercise in 2025. Under are the quantities traded on the ETH derivatives market over the previous yr.
Ethereum futures buying and selling hits new annual report
In a Dec. 26 submit on social media platform
Dirkforst emphasised that derivatives buying and selling quantity continues to dominate the general cryptocurrency market this yr. Nonetheless, Ethereum recorded a rise in exercise within the derivatives market in 2025, setting a brand new report for futures buying and selling for the second-largest cryptocurrency by market capitalization.
As anticipated, Binance stays the dominant platform when it comes to derivatives buying and selling quantity, and the numbers put issues even additional into perspective. In response to information highlighted by Darkhost, the quantity of ETH futures traded on Binance final yr exceeded $6.74 trillion, which is sort of twice as a lot as in 2024, already a historic report.
Supply: @Darkfost_Coc on X
Nonetheless, this development shouldn’t be restricted to Binance; related phenomena have been noticed on different main exchanges. When it comes to breakdown, OKX set a brand new report of $4.28 trillion, Bybit recorded $2.15 trillion, and Bitget recorded $1.95 trillion in ETH futures buying and selling quantity.
Dirkforst concluded:
Subsequently, all main exchanges converge in direction of the identical conclusion. Ethereum will turn out to be one of many world’s most traded belongings in derivatives markets in 2025, highlighting simply how robust the speculative urge for food is.
What does derivatives market dominance imply for costs?
Going a step additional, Darkforst has put into perspective how a lot futures have dominated the market over the previous yr. On-chain analysts revealed that ETH had futures buying and selling at $5 per greenback in spot trades, which is a yearly report within the derivatives market.
Supply: @Darkfost_Coc on X
As seen within the chart above, the annual spot-to-futures ratio is roughly 0.2, reflecting the market’s heavy tilt towards leverage. In response to Dirkforst, this development explains the acute hypothesis witnessed within the Ethereum market all through 2025.
Dirkforst famous that markets pushed primarily by derivatives are typically extra risky and fewer predictable. “Strikes are typically amplified, chaotic, and closely depending on liquidations, finally leading to ETH solely marginally hitting new all-time highs by only a few {dollars},” the analyst added.
As of this writing, the value of ETH is round $2,932, reflecting a decline of over 1% over the previous 24 hours. Whereas efficiency has been combined this yr, altcoins are at present down greater than 40% from their all-time highs.
The worth of ETH on the each day timeframe | Supply: ETHUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
