BINANCE OVERTAKES HUOBI, OKEX AS BIGGEST DERIVATIVES EXCHANGE

Last updated: June 20, 2025, 01:08 | Written by: Laura Shin

The cryptocurrency derivatives market is a dynamic and fiercely competitive arena, with exchanges constantly vying for dominance. According to recent data by CryptoCompare, Binance saw a massive surge in volume last month, reaching a height of $164.8 billion by the end of the month. InRecent data indicates a significant shift in power: Binance has officially overtaken its rivals, Huobi and OKEx, to become the largest crypto derivatives exchange by volume. A Binance ultrapassou a Huobi e a OKEx, tornando-se maior corretora de derivados de criptomoedas em volume nos n meros de setembro, com US$ 164,8 bilh es ao longo do m s, de acordo com oThis monumental achievement, reflected in September's figures, underscores Binance's growing influence and the evolving landscape of crypto trading.According to a report published by U.K.-based data firm CryptoCompare, Binance recorded a staggering $164.8 billion in derivatives trading volume throughout the month. Dutch central bank approves first crypto service under AMLD5 regulations From Coin Telegraph: The central bank of the Netherlands, De Nederlandsche Bank NV (DNB), has granted AMDAX BV the ability tThis surge highlights not only Binance's capabilities in attracting traders but also the broader trends shaping the derivatives market, including the decline of competitors and the rise of new contenders.What factors contributed to this rise? Huobi vs Binance: Trading Fees. Trading fees are crucial for any trader as they can impact overall profits or losses. Hence, an exchange with a low trading fee would be beneficial. Huobi and Binance have a tiered fee structure for the Spot and Futures markets. So the larger your 30-day trading volume is, the less you have to pay as the trading fee.What does this mean for traders?And what does the future hold for crypto derivatives? Data shows BitMEX volume fell by a third in September, even before confrontation with regulatorsThis article delves into the details of Binance's triumph, examining the data, the competitive landscape, and the implications for the future of cryptocurrency trading.

The Rise of Binance in the Crypto Derivatives Market

Binance's ascent to the top of the crypto derivatives market is a testament to its strategic approach and rapid growth.While other exchanges have faced challenges, Binance has consistently expanded its offerings and user base. Overall trading volume was down on derivatives exchanges, but one day set a new yearly high. Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume in the September figures with $164.8 billion across the month, according to the latest report published by U.K.-based data firm CryptoCompare, CryptoCompare looked at the MoreLet's examine the factors that fueled this remarkable rise.

Impressive Trading Volume

The numbers speak for themselves.In September, Binance recorded a massive $164.8 billion in trading volume, surpassing both Huobi and OKEx.This figure showcases the platform's ability to attract and retain traders, solidifying its position as the leading derivatives exchange.

CryptoCompare data indicates that, even as overall derivatives exchange trading volume declined by 17.5% month-on-month to $634.9 billion, Binance still managed to achieve record figures, suggesting a flight to quality or, at least, to perceived market stability.

Strategic Advantages

Several factors have contributed to Binance's dominance:

Low Trading Fees: Binance is known for its competitive trading fees, which attract both retail and institutional traders. Cointech podcast is the leading independent digital media resource covering a wide range of news on blockchain technology, crypto assets, and emerging fintech trends.A tiered fee structure, which reduces fees as trading volume increases, incentivizes high-volume trading.
Wide Range of Cryptocurrencies: With support for over 400 cryptocurrencies, Binance offers traders a diverse range of options, enhancing its appeal to a broad audience.
User-Friendly Interface: Binance's platform is designed to be intuitive and accessible, making it easier for users to navigate and execute trades.
Global Reach: Catering to over 270 million registered users in over 180 countries, Binance has established a significant global presence.

The Competitive Landscape: Huobi, OKEx, and BitMEX

While Binance has risen to prominence, its competitors have faced various challenges. Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. With low fees and over 400 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.Understanding the performance of these exchanges is crucial for grasping the dynamics of the derivatives market.

Huobi and OKEx: A Shift in Power

Historically, Huobi and OKEx have been major players in the crypto derivatives market. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Buy Sell Crypto . NGNR. Swap .However, recent data indicates a shift in power, with Binance taking the lead.

Huobi and OKEx, once titans of the derivatives market, have seen their market share diminish as Binance's influence has grown. Huobi, OKEx and Binance accounted for about 90% of September s derivatives volume between them, even as volumes eased month on month by 17.5% to $634.9 billion. CryptoCompare reported FTX was the only derivatives exchange that experienced an increase in volume, up 12% in September with $23.89 billion traded.While these platforms still account for a significant portion of overall trading volume, they are no longer the dominant forces they once were.

BitMEX: Decline Amidst Regulatory Scrutiny

BitMEX, another prominent derivatives exchange, has faced increased regulatory scrutiny, leading to a decline in trading volume.Data shows that BitMEX's volume fell significantly in September, even before its run-in with regulators. Binance super a Huobi y OKEx para convertirse en el mayor exchange de derivados de criptomonedas por volumen en las cifras de septiembre con USD 164.8 mil millones negociados en todo el mesThis decline highlights the importance of regulatory compliance in the crypto industry.

The impact of regulatory action is undeniable.BitMEX's struggles underscore the importance of operating within legal frameworks and adhering to regulatory standards. Binance is now the largest crypto derivatives exchange by trading volume after surpassing the likes of Huobi and OKExFailure to do so can have severe consequences, including loss of user trust and reduced trading volume.

FTX: A Rising Contender

While some exchanges have struggled, others have experienced growth.FTX, for example, is the only derivatives exchange that experienced an increase in volume, up 12% in September, with $23.89 billion traded. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Buy Sell Crypto . USD. Swap .This growth highlights the potential for new entrants to disrupt the market.

FTX's success can be attributed to its innovative product offerings and strong focus on user experience. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Acheter Vendre Crypto . DZD.The platform has gained a loyal following by providing traders with advanced tools and features, positioning itself as a formidable competitor in the derivatives market.

What are Crypto Derivatives?

For those new to the world of cryptocurrency, it’s important to understand exactly what a derivative is and why it’s so widely traded.

Defining Crypto Derivatives

Crypto derivatives are financial contracts whose value is derived from an underlying cryptocurrency asset, such as Bitcoin or Ethereum.These contracts allow traders to speculate on the future price movements of cryptocurrencies without actually owning the underlying assets.

Common types of crypto derivatives include:

Futures Contracts: Agreements to buy or sell a specific cryptocurrency at a predetermined price and date in the future.
Options Contracts: Contracts that give the buyer the right, but not the obligation, to buy or sell a cryptocurrency at a specific price on or before a specific date.
Perpetual Swaps: Contracts that are similar to futures but have no expiration date, allowing traders to hold positions indefinitely.

Benefits and Risks of Trading Derivatives

Trading crypto derivatives offers several potential benefits, including:

Leverage: Derivatives allow traders to control larger positions with less capital, amplifying potential profits (and losses).
Hedging: Derivatives can be used to hedge against price fluctuations, protecting traders from potential losses.
Speculation: Derivatives provide opportunities to profit from both rising and falling markets.

However, trading derivatives also carries significant risks:

Volatility: The cryptocurrency market is highly volatile, which can lead to rapid and unexpected price movements.
Leverage Risks: While leverage can amplify profits, it can also magnify losses, potentially wiping out an entire investment.
Complexity: Derivatives can be complex instruments, requiring a thorough understanding of market dynamics and risk management.

Implications of Binance's Dominance

Binance's rise to the top of the crypto derivatives market has significant implications for the industry as a whole.Let's explore some of these implications.

Increased Competition

Binance's success will likely intensify competition among crypto exchanges.Other platforms will need to innovate and improve their offerings to compete effectively.

The pressure to attract and retain traders will drive exchanges to offer lower fees, enhanced trading tools, and a wider range of cryptocurrencies. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Comprar Vender Cripto . BOB.This increased competition will ultimately benefit traders, who will have more options and better services available to them.

Focus on Regulatory Compliance

The decline of exchanges like BitMEX highlights the importance of regulatory compliance.Binance and other exchanges will need to prioritize compliance to maintain their positions in the market.

Navigating the complex and evolving regulatory landscape is crucial for long-term success in the crypto industry.Exchanges that fail to comply with regulations risk facing penalties, loss of user trust, and even closure.

Innovation and Development

Binance's dominance may spur innovation and development in the crypto derivatives market.Exchanges will need to develop new products and services to attract and retain traders.

This innovation could include the development of new types of derivatives, improved trading platforms, and enhanced risk management tools. Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume in the September figures with $164.8 billion across the month, according to the latest reportThe focus on innovation will ultimately drive the evolution of the crypto derivatives market.

The Future of Crypto Derivatives

The crypto derivatives market is poised for continued growth and evolution.Several trends are likely to shape the future of this market.

Institutional Adoption

Institutional investors are increasingly interested in crypto derivatives. The total derivatives volume is $538 Billion, a 17.79% change in the last 24 hours. We track 109 crypto derivative exchanges with Binance (Futures), Bybit (Futures), and Bitget Futures in the top 3 rankings.As institutional adoption grows, the market will become more mature and sophisticated.

Institutional investors bring significant capital and expertise to the crypto market. Binance overtakes Huobi, OKEx as biggest derivatives exchange . Open in AppTheir participation will likely lead to increased liquidity, reduced volatility, and the development of more sophisticated trading strategies.

Regulatory Clarity

As regulatory clarity increases, the crypto derivatives market will become more mainstream. Binance overtakes Huobi, OKEx as biggest derivatives exchangeClear regulations will provide exchanges and traders with the certainty they need to operate confidently.

Regulatory clarity will also attract more institutional investors, who are often hesitant to participate in markets with uncertain regulatory frameworks. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance.A clear regulatory landscape will foster innovation and growth in the crypto derivatives market.

Technological Advancements

Technological advancements will continue to drive innovation in the crypto derivatives market.New technologies, such as artificial intelligence and machine learning, will be used to improve trading platforms and risk management tools.

These advancements will make it easier for traders to analyze market data, identify trading opportunities, and manage risk. 英国に拠点を置くデータ企業クリプトコンペア（CryptoCompare）が発表したレポートによると、バイナンス（Binance）がフォビ（Huobi）とOKExを抜き、9月では最大の仮想通貨（暗号資産）デリバティブ取引所となった。The integration of new technologies will ultimately enhance the efficiency and sophistication of the crypto derivatives market.

Tips for Trading Crypto Derivatives

Trading crypto derivatives can be a profitable but risky endeavor.Here are some tips to help you succeed:

Educate Yourself: Understand the basics of crypto derivatives, including the different types of contracts and the risks involved.
Develop a Trading Strategy: Create a well-defined trading strategy that outlines your goals, risk tolerance, and trading rules.
Manage Your Risk: Use risk management tools, such as stop-loss orders and position sizing, to protect your capital.
Stay Informed: Keep up-to-date with the latest news and developments in the crypto market.
Start Small: Begin with small positions and gradually increase your trading volume as you gain experience.

FAQ: Common Questions About Crypto Derivatives

What are the benefits of trading crypto derivatives?

Crypto derivatives offer several potential benefits, including leverage, hedging, and speculation opportunities. Overall trading volume was down on derivatives exchanges, but one day set a new yearly high.[BREAK] Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume in the September figures with $164.8 billion across the month, according to the latest report published by U.K.-based data firm CryptoCompare.[BREAK] CryptoCompare looked at the trading volume ofLeverage allows traders to control larger positions with less capital, while hedging can protect against price fluctuations. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Buy Sell Crypto . SAR. Swap .Derivatives also provide opportunities to profit from both rising and falling markets.

What are the risks of trading crypto derivatives?

Trading crypto derivatives carries significant risks, including volatility, leverage risks, and complexity.The cryptocurrency market is highly volatile, which can lead to rapid and unexpected price movements. Data shows that BitMEX s volume fell in September, even before the run-in with regulators, while Okex and Huobi bow for Binance. Buy Sell Crypto . ZARR. Swap .Leverage can amplify losses, and derivatives can be complex instruments requiring a thorough understanding of market dynamics.

How do I choose a crypto derivatives exchange?

When choosing a crypto derivatives exchange, consider factors such as trading fees, available cryptocurrencies, user interface, security, and regulatory compliance.Look for an exchange with low fees, a wide range of cryptocurrencies, a user-friendly platform, strong security measures, and a commitment to regulatory compliance.

What is the role of regulations in the crypto derivatives market?

Regulations play a crucial role in the crypto derivatives market.Clear regulations provide exchanges and traders with the certainty they need to operate confidently.Regulatory compliance is essential for maintaining user trust and ensuring the long-term sustainability of the market.

How will institutional adoption impact the crypto derivatives market?

Institutional adoption will likely have a significant impact on the crypto derivatives market.Institutional investors bring significant capital and expertise, which can lead to increased liquidity, reduced volatility, and the development of more sophisticated trading strategies.Institutional adoption will also help to legitimize the market and attract more participants.

Conclusion: Key Takeaways

Binance's ascent to the top of the crypto derivatives market marks a significant milestone in the evolution of the cryptocurrency industry.By surpassing established players like Huobi and OKEx, Binance has demonstrated its ability to attract and retain traders through low fees, a wide range of cryptocurrencies, and a user-friendly platform.

Key takeaways from this analysis include:

Binance's Dominance: Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume.
Competitive Landscape: The crypto derivatives market is highly competitive, with exchanges constantly vying for dominance.
Regulatory Compliance: Regulatory compliance is crucial for long-term success in the crypto industry.
Institutional Adoption: Institutional adoption is poised to drive further growth and maturation of the crypto derivatives market.
Risk Management: Trading crypto derivatives carries significant risks, and traders should prioritize risk management.

As the crypto derivatives market continues to evolve, it will be interesting to see how Binance maintains its position and how other exchanges respond to the challenge.Whether you are a seasoned trader or new to the world of cryptocurrency, understanding the dynamics of the derivatives market is essential for navigating the future of crypto trading. Consider exploring Binance's offerings to see if it aligns with your trading needs.