The explosion of crypto derivatives trading in 2025: from oligopoly to market restructuring

RumbleValidator · 2025-12-17T16:00:09+00:00

【Crypto World】Research institutions predict that by 2025, the cryptocurrency derivatives trading market could experience explosive growth. Trading volume is expected to reach $40 billion, more than quadrupling compared to last year.Interestingly, this market is now almost monopolized by two platforms—Kalshi and Polymarket—together accounting for 99% of the share. The landscape is highly concentrated.Among them, Kalshi has seen the most dramatic change. Since partnering with Robinhood, this platform has gained access to 27.4 million accounts, with its market share skyrocketing from 8% to 66%. Even more astonishing is the trading volume, which jumped from an annualized scale of $300 million to an estimated $40 billion to $50 billion. This rapid growth indeed reflects the increasing heat of the entire derivatives sector.

RumbleValidator

2025-12-17 16:00:09

【币界】有研究机构预测，2025年加密货币衍生品交易市场可能迎来爆炸性增长。交易量预计达到400亿美元，相比去年翻了四倍多。

有意思的是，这个市场现在几乎被两家平台垄断了——Kalshi和Polymarket合起来占了99%的份额。格局很集中。

其中Kalshi的变化最猛。自从和Robinhood达成合作后，这个平台直接获得了2740万个账户资源，市场份额从原来的8%蹿升到66%。更夸张的是交易量，从之前的3亿美元年化规模，直接跳到了预计的400亿至500亿美元。这个增速确实反映出整个衍生品赛道的热度在快速升温。

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GasFeeCrybaby

· 2025-12-20 15:32

Kalshi has really bottomed out this time, partnering with Robinhood directly took off, and a 66% market share is truly outrageous.

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OnChainSleuth

· 2025-12-19 12:40

Large funds are grouping together, retail investors are about to be harvested again

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BlockchainGriller

· 2025-12-18 04:21

Damn, Kalshi is taking off directly. Once Robinhood teamed up, they instantly gained a 66% share. Are they aiming to dominate the market?

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EthMaximalist

· 2025-12-17 16:30

Kalshi this time is really awesome, Robinhood's support directly takes off.

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BlockImposter

· 2025-12-17 16:30

Wow, Kalshi is taking off directly. Robinhood's endorsement is indeed powerful, going from 8% to 66%... This is truly a real overtaking on a bend.

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DegenTherapist

· 2025-12-17 16:27

Kalshi this move is really aggressive. Robinhood's partnership has taken off immediately. By the way, should we be worried about the 99% monopoly and antitrust concerns?

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GweiWatcher

· 2025-12-17 16:18

Wait, Kalshi skyrocketed from 8% directly to 66%? This is too crazy, Robinhood's partnership really is a game-changer.

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