The latest development sees Binance capturing 35% of open interest (OI) in TradFi perpetual contracts, as the total TradFi OI on crypto exchanges pushes past $2 billion.

Breaking it down: Binance’s grip on TradFi perpetuals

Since launching its first TradFi perpetual contracts on January 8, 2026, with gold (XAUUSDT) and silver (XAGUSDT), Binance has gradually built its empire over traditional finance’s digital evolution. By diving into equities with tickers like GEV, VRT, and SNOW, the exchange bolstered its market hold. Today, Binance enjoys approximately 35% of the TradFi perpetuals’ open interest and a slightly higher market volume share of nearly 35.9%.

TradFi perpetual contracts allow traders to speculate on the future prices of traditional assets like commodities and stocks without expiry, with leverage options up to 25-50x the original investment.

Why this matters now

In Q2 2026, Binance led with about $380 billion in TradFi perp trading volume and gold-linked perpetuals accurately indicated traditional market openings at an 89% rate for Mondays.

What investors should know

With competitors like Bitget snapping at its heels—having taken nearly $70 billion in TradFi perp volume during Q2 2026—the rush to adapt and innovate seems certain.