In 2025, global crypto derivatives volume surged to a record $85.7 trillion, with Binance capturing nearly 30% of the market share. The growth was driven by institutional participation, including ETFs and compliant futures, though the market faced significant volatility with large liquidation events, especially in October. The complexity and interconnectedness of the derivatives market have increased systemic risks, signaling the need for improved risk management as 2026 approaches.

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