TradFi Futures Surge on Crypto Exchanges as Spot Trading Slows: CryptoQuant
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CryptoQuant's weekly report shows a surge in TradFi perpetual futures activity on crypto exchanges led by Gate and Binance, even as bitcoin demand remains contracted. Despite lower BTC demand, larger trade sizes point to institutional participation and exchanges are diversifying into precious-metal-related trading, indicating increased adoption of TradFi derivatives on crypto venues.
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In the latest edition of the weekly CryptoQuant report, analysts have revealed a surge in traditional finance (TradFi) perpetual futures activity even as demand for bitcoin (BTC) remains contracted. Even with the declining demand, BTC trade sizes have signaled significant institutional activity.
According to the report, the rising TradFi perpetual futures activity can be seen in crypto exchanges, with Gate and Binance leading the trend. In fact, most exchanges are now diversifying beyond cryptocurrencies and tapping into precious metal-related trading activity.
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