Ethereum Futures Trading on Binance Surpasses $6.74 Trillion, Signaling Historic Derivatives Demand in 2025
COINOTAG News reports on December 27 that, according to CryptoQuant analyst Darkfost, this year’s Ethereum contract activity far outpaced prior cycles. On Binance, Ethereum futures turnover exceeded $6.74 trillion, roughly doubling 2024’s record and marking ETH as a leading asset in the 2025 global derivatives market by volume, underscoring persistent speculative demand.
Over the past year, the spot-to-futures ratio hovered near 0.2, implying roughly $1 in ETH spot for every $5 in futures contracts. This skew signals a market reliant on high leverage and aggressive positioning, with derivatives activity on platforms like Binance driving a sizable portion of ETH exposure.
Taken together, record volume and the pronounced imbalance amplify ETH price movements and liquidation risk, with futures largely steering trends. The outcome has been elevated volatility and a fresh high, reflecting how derivatives dynamics shape the 2025 ETH price trajectory.
