Binance TradFi Perpetuals Surge as Multi-Asset Trading Gains Traction

Expansion of the leading crypto exchange, Binance, into traditional finance (DeFi) assets shows strong trader adoption with real-time derivatives data.

According to data on derivatives markets‚ 10 out of the highest 15 perpetual contracts by 24-hour volume are TradFi assets like equities‚ ETFs and commodities․ The list is led by the SanDisk (SANDUSDT) perpetual contract, which recorded nearly $7 billion in the 24-hour trading volume.

SANDUSDT alone accounted for approximately $6.87 billion in volume on Binance. This figure represented roughly 22% of SanDisk’s corresponding 24-hour trading volume on Nasdaq.

The second-largest Binance perpetual was Silver (XAGUSDT), followed by the leading contracts with around $826M in volume and approaching the $1B mark.