Why has the crypto market become more complex?

Market Growth and New Segments

The crypto market has long ceased to be solely about buying and selling coins. In addition to spot trading, derivatives, DeFi, and tools linked to traditional financial markets are actively developing.

According to industry analytics, derivatives now account for up to 70–80% of the total trading volume in the crypto market, and their volume can exceed that of the spot market several times. In 2025, the total trading volume of crypto derivatives was estimated in the tens of trillions of dollars.

It is now clear that market activity is shifting toward more complex instruments.
At the same time, the number of trading pairs and available assets is growing, reaching thousands on some platforms.

Infrastructure Fragmentation

This development has led to different instruments and segments being distributed across various platforms. Users increasingly work with multiple services simultaneously, while liquidity is divided among platforms.

Essentially, the market is forming as a set of separate layers that exist in parallel rather than as a single system.

From a practical perspective, this complicates interaction with assets. Executing operations may require switching between different interfaces, and analysis and trade execution are spread across different environments.

Managing positions becomes more challenging, especially when working with multiple instruments simultaneously.

How the Market Responds

Against this backdrop, there is growing demand for solutions that combine different functions within a single platform. Such solutions allow users to work with different market segments without constantly switching between them.

One example is CoinW, an international digital asset platform operating since 2017. It provides access to more than 1,000 trading pairs, including digital assets and instruments linked to traditional markets.

Within a single environment, spot and derivatives trading are supported, along with handling individual DEX assets. Additional tools for asset management are also available, including Earn solutions and ETF trading.

A separate feature on CoinW is on-chain copy trading. Unlike regular copy trading, users interact not only with the exchange’s internal trading environment but also with on-chain infrastructure.

This approach expands trading strategy options, allowing operations with assets available only on decentralized networks.

Features of the CIS Market

For CIS users, market entry remains a challenge. Access to crypto liquidity has become significantly more difficult: P2P mechanisms are practically unavailable and even risky.

On CoinW, transactions between rubles and digital assets are carried out with the support of the Belarusian broker Cifra Markets. This provides a direct and legal channel for fiat input and output from bank cards for users in Russia, effectively a unique solution in today’s market.

Fragmentation is a natural stage in the development of the crypto industry, linked to the growth in the number of instruments and participants. At the same time, further market development is largely related to unifying segments and reducing operational complexity.

Under these conditions, the role of trading platforms is gradually shifting toward infrastructure solutions, combining access to assets, tools, and liquidity within a single system.

Learn more about CoinW at: https://coinw.com/
Meet the CoinW team in person at booth A22.