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.