Binance Dominates Crypto Derivatives Market in Q1 2026

Crypto derivatives trading continued to be a major driver of market activity in the first quarter of 2026, according to a recent report by CoinGlass.

Binance maintained its position as the leading exchange for crypto derivatives, processing a total of $4.9 trillion in volume during the quarter. This represents approximately 35% of the total volume among the top 10 exchanges, and is an increase from the 29% market share held by Binance in Q1 2025.

Hyperliquid, a perpetual decentralized exchange, also made significant gains in Q1 2026, entering the top 10 exchanges by volume for the first time. The platform recorded a total of $492.7 billion in trading volume during the quarter, representing a milestone in its growth and development.