In 2024, the crypto perpetuals market trading volume reached an impressive 58.5 trillion USD, doubling from 28 trillion USD in 2023. Notably, Binance experienced a decline in market share, decreasing from 43% to 34% despite being the largest centralized exchange.

The fourth quarter of 2024 was particularly active, with trading volumes of 21.2 trillion USD, marking a 79.6% rise from the previous quarter. This increase reflects a growing trend in perpetual futures contracts.

Bitcoin accounted for approximately 45% of the open interest in the perpetual market, crossing 100 billion USD for the first time in November 2024. As the market evolves, 2025 is anticipated to bring further opportunities and regulatory developments.