#数字资产市场动态 Recently, I saw CoinGlass release the "2025 Cryptocurrency Derivatives Market Annual Report," and the topic is quite interesting — the traditional exchange landscape is undergoing subtle changes.

The top three rankings are now as follows: Binance still firmly holds the first place, a certain leading platform is right behind, and Bitget, the rising star, surprisingly outperformed many veteran players, officially entering the top three. It sounds a bit surreal, but the data speaks for itself:

**In terms of comprehensive scores**, Binance scored 94.33, a certain leading platform scored 88.77, and Bitget scored 83.10. Although the scores are decreasing, you have to consider how competitive this sector is — making it into the top three already indicates strong strength.

**Regarding liquidity**, the bilateral depth rankings for mainstream assets like BTC and ETH remain in the same order among the three. Trading pairs are sufficient, and slippage control is also quite good.

**In derivatives trading volume rankings**, the hierarchy looks like this: Binance leads, a certain leading platform is second, followed by a certain exchange and Bitget. From trading volume and market share, the top-tier effect is indeed obvious.

To put it simply, Bitget's ability to break into the top three isn't just luck. In recent years, their focus on product innovation, risk control systems, and user experience shows they are serious about their work. The entire market is highly competitive, and being able to hold your ground is a skill in itself. This report somewhat reflects that the derivatives market is undergoing reshuffling — those who can consistently deliver value will secure their position.