Deribit maintained crypto options market leadership with 49.3% share in H1 2026, though Bybit surpassed it in ETH options volume.
DeFi & Yields ·
In the first half of 2026, five major crypto platforms collectively processed approximately $864.6 billion in BTC and ETH options trading volume. Deribit held the largest share at 49.3% with $425.9 billion in volume, though its dominance narrowed considerably—dropping from 56.3% market share in January to 41.8% by June. Bybit, the second-largest platform overall at 22.3%, claimed leadership in ETH options specifically with roughly 38% of volume compared to Deribit's 29%, while Binance and OKX held 13.4% and 13.3% respectively.