Encrypted derivatives market hits record: Q3 total exceeds $900 billion

According to the report, in the third quarter of 2025, the trading volume of derivatives (futures + options) exceeded $90 billion, with an average daily open interest (ADOI) reaching $31.3 billion.

Analysis: The market participation and institutional liquidity have significantly increased, indicating that contract trading is shifting from being retail-led to more professional. For you, this means 'better liquidity' but at the same time 'more intense competition'. #合约