The crypto market is no longer limited to just buying and selling coins. In the early 2010s, people mainly traded Bitcoin directly. Over time, the market grew into a more advanced financial system. Around 2014–2016, crypto derivative exchanges were introduced. These platforms were based on traditional futures and options markets and allow traders to trade crypto prices without owning the actual coins. Today, crypto derivative exchanges help traders, investors, and institutions manage risk, trade price ups and downs, and use their money more efficiently. Most crypto trading now happens on derivative platforms. In fact, about 70–80% of total crypto trading volume comes from derivatives, with daily trading volumes reaching hundreds of billions of dollars, which is much higher than spot trading.