CoinGlass Says Q1 2026 Crypto Trading Volume Reached $20.57 Trillion
According to CoinGlass, derivatives dominated Q1 2026 crypto trading volume, while Binance led the top exchanges in derivatives activity and reported large user asset and open interest figures.
Summary
CoinGlass said crypto trading volume reached $20.57 trillion in the first quarter of 2026, including $18.63 trillion in derivatives and $1.94 trillion in spot trading. The report indicates derivatives remained the dominant segment of the market. Binance recorded $4.90 trillion in derivatives volume, accounting for 34.9% of the top 10 exchanges, while its average open interest stood at $23.9 billion and user assets totaled $152.9 billion.
Terms & Concepts
- Derivatives: Financial contracts whose value is tied to an underlying asset such as Bitcoin or other cryptocurrencies.
- Open interest: The total value or number of active derivatives positions that remain unsettled in the market.
- Spot trading: The direct purchase or sale of a cryptocurrency for immediate settlement.