tradfi

Bitget's latest data shows that in July, the platform's TradFi contract trading volume exceeded $100 billion, with a single-day peak trading volume reaching $10 billion, reflecting the growing demand from global users for trading traditional financial assets in the crypto derivatives market.As the core growth engine of the TradFi sector, Bitget's stock perpetual contracts demonstrate a high market penetration rate. Currently, about one in every three contract trades on the platform comes from stock perpetual contracts. As of the time of writing, Bitget has supported 272 popular US stock and ETF contract targets.

The Binance contract platform will launch multiple U-based TradFi perpetual contracts on August 14, including ZHONGJIUSDT, SAMSUNGEMUSDT, HANMIUSDT, LGELECTRONICSUSDT, NAVERUSDT, and KODEX200USDT.The launch times for each contract will be from 10:00 to 10:25, with a maximum leverage of 20 times.

Bitget launches a crypto & TradFi contract trading competition, running from August 12 to August 22, with a total prize pool of 50,000 USDT. During the event, users can trade designated crypto and TradFi contracts to earn chances to win in a blind box lottery. The prize pool includes rewards in popular tokens such as rSNDK, XAUT, HYPE, as well as experience vouchers worth up to 1,000 USDT.In addition, the event features a trading volume ranking competition. The top 1,000 users by trading volume who have a cumulative trading volume of at least 10,000 USDT can share a prize pool of 30,000 USDT, with the first place on the leaderboard receiving 3,000 USDT. For more details, please refer to the official Bitget platform.

The Gate Research Institute recently reported on "The TradFi Battle of Cryptocurrency Exchanges: Gate CFD's Path to Cross-Asset Breakthrough," indicating that since 2026, cryptocurrency trading platforms represented by Gate have been accelerating their breakthrough of digital asset boundaries, with CFD business becoming the primary trading entry point connecting stablecoin funds and global traditional assets. As user demand for trading and hedging in gold, foreign exchange, stocks, indices, and commodities grows, industry competition has shifted from merely competing on leverage and trading varieties to a comprehensive contest of asset coverage, liquidity, execution quality, risk management, and capital efficiency.In this round of TradFi expansion, Gate is forming a clear first-mover advantage. According to publicly available data, Gate accounts for approximately 39.4% of the trading volume among the five platforms that have disclosed TradFi transaction amounts, completing its transition from catching up to leading in just two months, becoming the largest top-tier platform. More notably, Gate's layout is no longer limited to increasing CFD categories but is based on USDT and a unified account entry, connecting CFDs, perpetual contracts, stocks, ETFs, IPO Access, and wealth management, while further accommodating professional and institutional funds through tools such as API, copy trading, OES, and CrossEx. Whether Gate can convert its temporary transaction advantage into long-term liquidity, capital retention, and professional service capabilities in the next phase will be key to whether its TradFi strategy can form a sustainable barrier.

The Binance contract platform will launch multiple U-based TradFi perpetual contracts on August 11, including KUAISHOU USDT, MEITUAN USDT, CSOPS KHY NIX 2L USDT, and CSOPS SAMSUNG 2L USDT, with specific launch times at 10:00, 10:05, 10:10, and 10:15, with a maximum leverage of up to 20 times.

According to BlockBeats' in-depth article "Using a Gate Account to Experience Four Types of Stock Products," the article points out that as traditional financial assets and cryptocurrency trading scenarios continue to merge, users' trading needs for assets such as stocks, indices, and gold have expanded from simple holding to trading, hedging, and asset management. Gate integrates four types of products—stocks, tokenized stocks, stock perpetual contracts, and CFDs—through a TradFi account system, providing users with trading options covering U.S. stocks, Hong Kong stocks, Korean stocks, and various global assets.The article states that Gate's stock focus is on real stock trading and long-term asset allocation needs; gStocks tokenized stocks bring stock assets into the crypto ecosystem, supporting more flexible asset application scenarios; stock perpetual contracts meet short-term trading and risk hedging needs; CFDs cover multi-asset strategies including stocks, indices, foreign exchange, gold, and commodities. The article believes that Gate's differentiation lies in combining the funding system familiar to crypto users, 24/7 trading capabilities, and traditional financial products, thereby lowering the barriers to cross-market trading. By continuously improving its TradFi product layout, Gate is further promoting the connection between the crypto market and the traditional financial system, providing users with a more efficient global asset trading experience.

On August 5, Tria launched the "TradFi vs Crypto" trading competition on the decentralized trading platform Decibel, which will run until August 19. The competition features two independent tracks: TradFi (tokenized stocks, ETFs, and commodities) and Crypto, each with its own leaderboard and prize pool, totaling 25,000 USDC. The Crypto track has a prize pool of 15,000 USDC, while the TradFi track has a prize pool of 10,000 USDC. The top ten in each track will receive rewards based on their rankings, with the champions receiving 4,000 USDC and 2,500 USDC, respectively.Participants can enter the leaderboard by accumulating a trading volume of 15,000 USD. Both tracks can be participated in simultaneously, and no registration is required; the first trade automatically enrolls the participant. Users who achieve a daily trading volume of 10,000 USD will automatically qualify for the daily VIP lucky draw, with prizes including VIP level upgrades or cash rewards. All rewards will be directly distributed to users' Tria Decibel wallets after the competition ends.

According to DeFiLlama's latest "Tokenized Stock Research Report," tokenized stocks are becoming one of the fastest-growing sectors, with active market capitalization increasing from $814 million at the beginning of the year to $1.976 billion, a growth of over 140%. The report conducted a horizontal evaluation of the stock product architecture, market trading data, and liquidity performance of mainstream platforms such as Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance.Data shows that in the liquidity benchmark test for the five stock spot markets of MSTR, SPY, QQQ, CRCL, and NVDA, the median bid-ask spread of Bitget's stock token rToken is only 0.83 basis points, and it has the deepest market liquidity among all sample markets. In the execution benchmark test covering 36 stock perpetual contracts and 8 types of metal and commodity perpetual contracts, Bitget maintains a significant lead in depth on about 90% of trading pairs.DeFiLlama points out that as the tokenized stock market continues to mature, liquidity and trade execution quality are becoming key differentiating factors in platform competition. With lower trading costs and a deeper order book, Bitget provides a more efficient trading experience for institutional and retail users.

OneBullEx announces the launch of the TradFi perpetual contract position incentive activity, which will take place from August 4th, 18:00 to August 19th, 18:00 (UTC+8), with a total prize pool of 40,000 USDT in contract experience funds.The activity covers TradFi USDT-based perpetual contracts for technology stocks, indices, and gold. After completing registration, users can receive rewards based on their average daily position value, with the applicable reward ratio unlocked collectively by the total average position size of all registered users, with a maximum annualized reward rate of 21%.Of this, 35,000 USDT is allocated for position rewards; an additional 5,000 USDT is for the first order gift for new users. New users who have never completed contract trading on OneBullEx before registration are eligible. The maximum annualized reward rate is calculated based on the maximum 50x leverage supported by the specified contract and the actual margin used, and does not constitute fixed income or income commitment.

The Binance contract platform will launch the PYPLUSDT perpetual contract on July 29 at 17:00, the GSUSDT perpetual contract at 17:05, and the SMHUSDT perpetual contract at 17:10, with a maximum leverage of 20 times.

According to a report released by CryptoQuant's research director Julio, the current open interest in cryptocurrency perpetual contracts is approximately $65 billion, down about 20% from the peak of around $80 billion in September 2025 and early 2026, reflecting some deleveraging rather than new capital inflows. The market is highly concentrated, with Binance dominating with about 39% market share, the top three platforms accounting for about 63%, and the top five making up about 81%, indicating that capital is highly concentrated in leading exchanges.The report states that, at the same time, TradFi perpetual contracts for metals, crude oil, and stocks have become a growth highlight. This 24-hour, round-the-clock product has doubled in scale to over $2 billion since the end of May, allowing crypto trading to compete directly with traditional trading venues, although its size currently accounts for only about 3% of the crypto perpetual market. TradFi perpetual contracts are also dominated by leading platforms, with Binance, Gate, and Bybit at the forefront, showing that platforms with mature infrastructure and liquidity are extending their advantages into traditional asset tracks.

According to the official announcement, Websea has officially launched the perpetual contract trading related to Changxin Technology in the Tradfi section today at 18:00 (UTC+8). As a digital asset trading platform for global users, Websea continues to enrich the selection of popular market targets and derivative trading options.This launch will provide users who are interested in the domestic storage chip sector and related market trends with a more flexible two-way trading entry. In the future, Websea will also continue to pay attention to global hot asset dynamics and continuously expand more high-quality trading targets to meet users' diversified trading needs.

According to the official announcement, the Binance Futures platform will launch the TMFUSDT perpetual contract on July 27 at 21:30, the TBTUSDT perpetual contract at 21:35, and the BITOUSDT perpetual contract at 21:40, with a maximum leverage of 25 times. Users can pay attention to subsequent announcements for more information.

According to the "2026 Semi-Annual Market Report" released by CoinGlass, the total trading volume of TradFi perpetual contracts on mainstream exchanges in the first half of the year was approximately $1.2 trillion, with June's trading volume accounting for 33.7%, indicating a significant increase in trading activity. Market share is mainly concentrated among leading CEX platforms, with Binance, OKX, and Bitget's trading volumes approximately $666.3 billion, $117.7 billion, and $66.4 billion, respectively.In terms of crypto asset liquidity, within a range of 1% around the midpoint price, Binance's BTC two-sided order book depth is approximately $236 million, accounting for 44.0%; OKX is about $112 million, accounting for 20.8%; Bybit and Bitget are both around $70 million, with market shares of 13.9% and 13.4%, respectively. For ETH, Binance's depth is about $109 million, accounting for 28.7%; Bitget is approximately $81 million, accounting for 21.4%, followed by OKX and Bybit.