ETH Futures Volumes Hit Seven Times Spot Trading as Open Interest Nears All-Time High

ETH futures open interest has surged to 6.4 million ETH, nearing the all-time high of 7.8 million ETH set in July 2025. Binance dominates the ETH derivatives market with 36% market share and 2.3 million ETH in open interest, while futures volumes now trade at seven times the rate of spot trading.

• →ETH open interest recovered to 6.4 million ETH, approaching the July 2025 all-time high of 7.8 million ETH.
• →Binance controls roughly 36% of the ETH derivatives market with 2.3 million ETH in total open interest.
• →ETH futures volumes are now seven times higher than spot trading volumes.
• →The spot-to-futures ratio on Binance dropped to 0.13, marking the lowest annual level ever recorded.
• →The surge in derivatives activity suggests increased institutional and speculative interest in ETH price movements.