Drofa Comms Report Reveals Strategic Shifts in Crypto Exchange Landscape

A new report by Drofa Comms explores the evolving landscape of crypto exchanges and identifies key trends that will shape the market leaders of the future. The study, which combines market data from 2024 to 2026 with primary research from senior executives at major platforms, reveals a shift towards institutional adoption and regulatory frameworks.

The report notes that retail activity is slowing while institutions are gaining influence, with average daily crypto futures volume on CME reaching nearly 404,000 contracts in early 2026. This represents a significant increase of 47% year-on-year and signals a structural redistribution of market impact.

Another key trend highlighted by the report is the convergence of crypto and traditional finance. Major platforms are repositioning themselves to be more relevant to institutional investors, with Bitget growing its institutional volume share to 82% and Kraken acquiring NinjaTrader.