Ethereum noticed file yearly speculative buying and selling exercise in 2025, based on the newest market information. Under is the quantity traded within the ETH derivatives market over the previous yr.
Ethereum futures buying and selling reaches new annual file
In a December 26 submit on social media platform
Darkfost highlighted that derivatives buying and selling quantity continues to dominate the general cryptocurrency market this yr. Nonetheless, Ethereum recorded elevated exercise within the derivatives market in 2025, setting a brand new file by way of futures buying and selling for the second-largest cryptocurrency by market capitalization.
As anticipated, Binance remained the dominant platform by way of derivatives buying and selling quantity, and the numbers put the state of affairs into perspective. Based on information highlighted by Darkfost, over $6.74 trillion in ETH futures quantity was traded on Binance final yr. That is nearly double the determine set for 2024, which was already a historic file.
Supply: @Darkfost_Coc on X
Nonetheless, this development just isn’t restricted to Binance, and related phenomena have been noticed on different main exchanges. Intimately, OKX hit a brand new file of $4.28 trillion, Bybit hit $2.15 trillion, and Bitget hit $1.95 trillion in ETH futures buying and selling quantity.
Darkfost concluded:
So all main exchanges converge on the identical conclusion. Ethereum was one of many world’s most traded property in derivatives markets in 2025, highlighting how robust speculative urge for food is.
What’s the affect of derivatives market energy on costs?
Darkfost additional forecast the dimensions of futures dominance out there over the previous yr. On-chain analysts famous that ETH was buying and selling at $5 in futures for each $1 in spot buying and selling. That is an annual file for the derivatives market.
Supply: @Darkfost_Coc on X
As you possibly can see within the chart above, the annual spot-to-futures ratio is round 0.2, reflecting a market tilt closely towards leverage. Based on Darkfost, this development explains the intense hypothesis witnessed within the Ethereum market all through 2025.
Darkfost famous that markets pushed primarily by derivatives are typically extra unstable and tough to foretell. “Actions are typically amplified, chaotic and closely depending on liquidations, which might finally push ETH to new all-time highs by just some {dollars},” the analyst added.
As of this writing, the worth of ETH is round $2,932, down greater than 1% within the final 24 hours. After a combined efficiency this yr, the altcoin is at the moment down greater than 40% from its all-time highs.
The value of ETH on the day by day timeframe | Supply: ETHUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
