Binance Futures Volume Hits $2.55T in July as Crypto Derivatives Surge
Binance recorded a major milestone in July as its crypto futures trading volume surged to a six-month high, reflecting a spike in market activity amid recent price volatility in Bitcoin and altcoins.
According to a Tuesday report from CryptoQuant analyst J.A. Maartun, Binance futures volume reached $2.55 trillion last month — the highest level since January.
“The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins,” Maartun noted, referencing the crypto market’s recent rally to a $4 trillion market cap, which later saw a sharp correction by the end of July.
Binance Futures Volume Hits $2.55 Trillion, the Highest in Seven Months
“$2.55T in futures trading volume during July 2025 — the highest since January. The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins.” – By @JA_Maartun pic.twitter.com/7Mu4b0UPHi
— CryptoQuant.com (@cryptoquant_com) August 5, 2025
Binance Maintains Lead in Derivatives Market
Binance continues to dominate the crypto derivatives space by a significant margin. While Bybit and OKX posted solid monthly volumes of $929 billion and $1.09 trillion, respectively, Binance accounted for more than 50% of total derivatives volume across major exchanges.
“The increase in trading suggests more users are active again, possibly due to the recent price breakout,” Maartun added.
Institutional Activity and Price Discovery
Binance remains the top platform in terms of liquidity and asset offerings, currently listing 568 futures trading pairs. Its daily trading volume hit a four-month high of $134 billion on July 18, with an average around $82 billion, according to CoinGecko.
The rising derivatives volume indicates stronger participation from institutional players and active traders, a trend that usually coincides with increased price volatility and uncertainty in spot markets.
Futures contracts are widely used for speculating on asset prices and play a critical role in price discovery, especially during periods of market turbulence.
Bitcoin Open Interest Still Elevated
Meanwhile, Bitcoin futures open interest (OI) — a key metric reflecting the value of outstanding contracts — remains elevated at $79 billion, though it has declined from a peak of $88 billion reached in mid-July, according to CoinGlass.
High open interest is often associated with excessive leverage, and can precede market corrections or “leverage flushouts” — rapid, sharp moves in spot markets triggered by mass liquidations.
