In January 2026, about 81% of crypto trading volume came from derivatives, with Binance leading overall at over $2 trillion in combined volume, while MEXC and Gate climbed to 2nd and 3rd in spot trading; OKX saw a drop in spot but still hit $670B in derivatives—showing derivatives drive the real size, liquidity, and price discovery over spot narratives.@Binance Square Official #Binance $BNB

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