According to CoinMeta, and based on a report published by the information provider Rootdata, the stock derivatives market has moved from a phase of "tentative experimentation" to a stage of "explosive volume" in 2026, with a cumulative trading volume of approximately 1.75 trillion US dollars from January to August. The report indicates that among the four exchanges, Binance topped the list with 853.58 billion US dollars and a 61.3% market share, followed by Bitget with 270.85 billion US dollars and a 19.5% share. OKX and Bybit came in second and third with shares of 234.39 billion US dollars and 33.41 billion US dollars, respectively. In terms of liquidity, Binance and Bitget together account for over 70% of the stock derivatives market's liquidity. Binance has an average daily order book depth of about 10.1 million US dollars, while Bitget has a depth of 4.82 million US dollars. Regarding transaction costs, Bitget ranked first with a weighted spread of 0.0144% among recent popular assets, with Binance closely following, both at roughly the same level.