Crypto Exchanges Push Into TradFi as Perpetual Volume Tops $2 Billion
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Crypto exchanges are expanding perpetual futures into equities, metals, oil and indexes, pushing TradFi perpetual open interest above $2.0 billion by July after doubling from roughly $350–$500 million in late May. Binance (about $720 million), Bybit and Gate control most of the CEX derivatives flows, but TradFi perps remain only ~3% of total crypto open interest, indicating strong adoption trends with limited current market impact.
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- TradFi perpetual open interest surpassed $2 billion after doubling from late May levels.
- Binance, Bybit, and Gate control most open interest across both derivative markets.
- TradFi perps remain only 3% of crypto open interest despite their rapid expansion.
Crypto exchanges are carrying their perpetual futures infrastructure beyond digital assets, opening round-the-clock markets tied to equities, metals, oil, and indexes.
CryptoQuant data places open interest in these TradFi contracts above $2 billion by July, roughly double late-May levels after months near $350 million to $500 million. The figure measures outstanding contracts, rather than completed trading volume.
Binance, Bybit, and Gate Dominate TradFi Perpetual Growth
According to the report, the same platforms dominating cryptocurrency derivatives also lead this newer market. Binance holds about $720 mil…
Read The Full Article Crypto Exchanges Push Into TradFi as Perpetual Volume Tops $2 Billion On Coin Edition.
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