The cryptocurrency trading market in 2025 reaches a new high. According to industry data, the trading volumes of centralized exchanges and decentralized exchanges have achieved a historic breakthrough — spot trading has reached a total of $18 trillion, while futures trading has soared to $61 trillion. This set of data fully reflects the unprecedented liquidity activity in the entire crypto market. Behind the explosive trading volume, it not only demonstrates the continuous entry of institutional investors but also indicates a significant increase in retail participation. Comparing the trading scale from spot to futures, the growth momentum of the derivatives market is particularly strong, which suggests that market participants' demand for hedging against price fluctuations is significantly increasing. As the regulatory environment gradually improves and trading infrastructure continues to upgrade, this growth trend is expected to continue in the future.