Data: Binance and Bitget account for over 70% of stock derivatives order book liquidity.
40 minutes ago
According to RootData’s report titled “2026 Explosive Growth in Stock Derivatives: Crypto Exchange Landscape and Key Trends”, the stock derivatives sector has transitioned from “fringe trial” to “explosive growth” phase, with a cumulative trading volume of approximately $1.75 trillion between January and August. In terms of cumulative trading volume, the head concentration effect remains prominent. Among the four major exchanges, Binance leads with $853.58 billion and a 61.3% market share; Bitget ranks second with $270.85 billion and a 19.5% share; OKX follows closely with $234.39 billion and a 16.8% share; Bybit takes fourth place with $33.41 billion and a 2.4% share. On the liquidity front, in the ±2% weighted order book depth metric, Binance and Bitget together account for over 70% of the stock derivatives order book liquidity. Specifically, Binance’s average daily order book depth stands at approximately $10.1 million, followed by Bitget at $4.82 million, OKX at $3.87 million, and Bybit at $1.16 million. Regarding trading costs, in the weighted spread comparison of over a dozen recent popular assets, Bitget tops the list with 0.0144%, while Binance is close behind at 0.0145%, putting both at roughly the same level; OKX records 0.0154%, and Bybit comes in at 0.0237%.
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