Binance Stock Derivatives Share Hits 50.19% as Hyperliquid Spread Reaches 0.24%

Binance commands 50.19% of stock derivatives volume with $30.96B daily turnover. Hyperliquid's 0.24% spread ranks highest among top ten, indicating elevated entry costs despite strong liquidity.

Woofun AI data shows that Binance leads the stock derivatives exchange rankings with a composite score of 95.5, capturing 50.19% market share and recording $30.96 billion in 24-hour trading volume. Hyperliquid follows with a score of 94.8, holding 12.68% share and $7.818 billion volume, while OKX ranks third with 11.80% share and $7.275 billion volume.

The top three exchanges collectively account for 74.67% of total trading volume, with the top five reaching 82.70%, thereby compressing liquidity opportunities for smaller platforms.

Notably, Hyperliquid exhibits a spread of 0.239%, the widest among the top ten, resulting in significantly higher entry costs compared to other leading venues.