Binance (CRYPTO: BNB) co-CEO Richard Teng said Wednesday that the platform’s gold perpetual trading volume now rivals that of several national commodity exchanges.
TradFi Perps Thrive On Crypto Exchanges
Teng drew on Binance’s own research, which highlighted the “rapid” growth of perpetual futures on cryptocurrency exchanges for traditional assets such as stocks, gold, and silver.
Note that these are leveraged contracts, not physical ownership or spot trading.
Binance Leading The Market?
The report recognized Binance as the market leader with 41% share. Notably, CoinGecko data showed Binance led with $46 billion in total perpetual trading volume over the last 24 hours.
A chart embedded in the report showed that the gold perpetual volume on cryptocurrency exchanges was over twice that of the Dubai Gold & Commodities Exchange and the Multi Commodity Exchange, and more than four times that of the Tokyo Commodity Exchange. The data relates to March.
“Binance gold trading volume has reached the scale of major national commodities venues,” Teng stated.
The report noted that the average daily volume of TradFi perpetuals on cryptocurrency rails rose from nearly $3 billion in January to $8.6 billion in March 2026.
“Silver perpetuals have emerged as the flagship TradFi-perps product, with approximately $240 billion traded since last November,” the report added.
Momentum Building In The US
Interest in perpetual futures has ramped up sharply in the U.S. of late.
CFTC Chairman Michael Selig stated in March that the commission is creating a specific framework for cryptocurrency-linked perpetuals to bring offshore volume back to the U.S.
Selig said that perpetuals on traditional assets might pull liquidity from spot futures, so regulators will pilot cryptocurrency first.
Price Action: At the time of writing, BNB was exchanging hands at $624.51, up 1.64% in the last 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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