Data: Binance and Bitget carry over 70% of stock derivative order book liquidity

BlockBeats news, September 10 — According to the "2026 Explosive Growth of Stock Derivatives: Crypto Exchange Landscape and Key Trends" report released by RootData, the stock derivatives sector has moved from "marginal experimentation" into an "explosive volume growth" phase, with cumulative trading volume from January to August reaching approximately $1.75 trillion.

In terms of cumulative trading volume, the head concentration effect remains significant. Among the four exchanges, Binance ranked first with $853.58 billion and a 61.3% share; Bitget ranked second with $270.85 billion and a 19.5% share; OKX followed closely with $234.39 billion and a 16.8% share; Bybit ranked fourth with $33.41 billion and a 2.4% share.

In terms of liquidity, under the ±2% weighted order book depth metric, Binance and Bitget together accounted for more than 70% of stock derivatives order book liquidity. Among them, Binance's average daily order book depth was approximately $10.1 million, followed by Bitget at $4.82 million, while OKX and Bybit were $3.87 million and $1.16 million, respectively.

In terms of trading costs, in a weighted spread comparison across more than ten representative popular instruments recently, Bitget ranked first at 0.0144%, followed closely by Binance at 0.0145%, with the two essentially at the same level; OKX was 0.0154%, and Bybit was 0.0237%.