Top exchanges
Venues ranked by real turnover. On a regular exchange, spot and derivatives sit on the same row and are not added together. Separate tabs cover wallet swaps and derivatives venues with no company in the middle. The name opens the venue page, and Trade goes to its site.
A wallet swap shows how many tokens changed hands in a day and which networks hold the liquidity. A derivatives venue with no company in the middle shows leveraged-contract turnover and the money sitting in open positions. Country, year founded, coin count and trading pairs appear when that data exists.
A derivatives venue with no company in the middle: leverage and futures, like a regular exchange, but the trade starts in your wallet. Token swaps are not included.
Total
90
Derivatives volume, 24 hours
$19.02B
Open interest (24h.)
$21.71B
Largest by derivatives
Rank
Hyperliquid
Cayman Islands · 2024
Rank1
Score2/10
Derivatives volume, 24 hours$7.48B
Open interest (24h.)$14.94B
Derivatives-1.5%
Leveraged pairs341
Hyperliquid L1
Aster
Seychelles · 2025
Rank2
Score2/10
Derivatives volume, 24 hours$1.32B
Open interest (24h.)$2.40B
Derivatives+1.6%
Leveraged pairs613
Off Chain
Lighter (Spot)
United States · 2025
Rank3
Score2/10
Derivatives volume, 24 hours$546.17M
Open interest (24h.)$1.09B
Derivatives+2.9%
Leveraged pairs202
zkLighter
Robinhood Chain
Nado (Spot)
Panama · 2025
Rank4
Score2/10
Derivatives volume, 24 hours$42.16M
Open interest (24h.)$79.58M
Derivatives+6.7%
Leveraged pairs75
Ink
Paradex (Spot)
Singapore · 2023
Rank5
Score2/10
Derivatives volume, 24 hours$5.76M
Open interest (24h.)$11.11M
Derivatives+1.9%
Leveraged pairs65
Paradex
Variational Omni
Panama · 2025
Rank6
Derivatives volume, 24 hours$2.98B
Open interest (24h.)$1.84B
Derivatives+70.2%
Leveraged pairs575
GRVT
British Virgin Islands · 2022
Rank9
Derivatives volume, 24 hours$438.53M
Open interest (24h.)$437.60M
Derivatives+0.3%
Leveraged pairs186
GRVT
edgeX
Singapore · 2023
Rank10
Derivatives volume, 24 hours$632.42M
Open interest (24h.)$360.15M
Derivatives+70.7%
Leveraged pairs187
edgeX L1
Rank18
Derivatives volume, 24 hours$97.43M
Open interest (24h.)$183.76M
Derivatives+0.4%
Leveraged pairs331
Ethereum
Starknet
ApeX Omni
Saint Vincent and the Grenadines · 2024
Rank23
Derivatives volume, 24 hours$79.36M
Open interest (24h.)$153.81M
Derivatives+2.9%
Leveraged pairs135
Ethereum
Derive (Futures)
Cayman Islands · 2021
Rank25
Derivatives volume, 24 hours$73.30M
Open interest (24h.)$24.18M
Derivatives+17.1%
Leveraged pairs30
Futures930
Pacifica
British Virgin Islands · 2024
Rank27
Derivatives volume, 24 hours$60.42M
Open interest (24h.)$120.70M
Derivatives+0.8%
Leveraged pairs77
Off Chain
dYdX Chain
Cayman Islands · 2023
Rank34
Derivatives volume, 24 hours$35.94M
Open interest (24h.)$44.63M
Derivatives+291.4%
Leveraged pairs78
Aevo
Singapore · 2022
Rank43
Derivatives volume, 24 hours$11.44M
Open interest (24h.)$15.35M
Derivatives+0.5%
Leveraged pairs78
Ethereum