$BTC

According to Coinglass's 2026 Q1 Cryptocurrency Market Share Research Report, the overall cryptocurrency market maintained relatively high activity levels, though trading volumes gradually declined from their January highs. Total market spot volume in Q1 was approximately $1.94 trillion, derivatives volume approximately $18.63 trillion, totaling roughly $20.57 trillion, with a derivatives-to-spot ratio of about 9.6x. Structurally, market activity remained primarily concentrated in the derivatives market, while spot trading contracted by a relatively larger margin.Binance retained industry leadership on core metrics: derivatives volume of approximately $4.90 trillion represented a share of about 34.9% among the top 10 exchanges, average daily open interest of approximately $23.9 billion corresponded to a 29.9% share, and user asset reserves of approximately $152.9 billion accounted for about 73.5% among major centralized exchanges.