Binance Research said the exchange’s 51 TradFi contracts recorded a combined $60.3 billion in volume in the week of May 24. The firm said these products have moved past the experimental phase and are now providing recurring liquidity across metals, energy, and stock-linked segments.
Product mix shifts away from metals
The composition of Binance’s TradFi contract activity changed sharply over a few months. In February, precious metals dominated with a 96% share of volume, while energy stood at 4% and stock-linked products were at 0%. By May, metals had fallen to 50%, energy had climbed to 30%, and stocks had reached 21%.
The report tied that change to a broader product lineup. Binance added new contract types across asset classes, drawing in different groups of investors and shifting activity from a metals-heavy mix toward stronger participation in energy and equities.
Brent crude, silver, and stock contracts posted category highs
Among individual products, Brent crude oil futures stood out in May, accounting for 10.4% of global spot and futures volume in their category. Silver contracts reached their peak in March with an 11.5% market share. In stock-linked products, Circle shares captured a 9.2% share in April.
Across all 51 traditional finance derivatives, the current average market share per product is 1.3%. Binance Research said TradFi contracts were almost absent from the exchange only months ago, and the recent pickup points to stronger engagement from crypto investors with markets outside digital assets.
New stock-linked listings drew fast trading interest
In May, CBRS, described in the report as a Nasdaq-listed Nvidia competitor, captured a 1.7% share of Binance’s TradFi contract market within just four days. Memory chip producer MU generated $391 million in daily trading volume, a 35-fold increase from the previous month. South Korea’s EWY ETF took 4% of its global spot and futures volume in only two days.
The article cited market analysts as saying that newly launched stock contracts tend to attract immediate investor attention. Binance Research also said the share of these products could continue to expand as the lineup grows and familiarity improves.
TradFi perpetuals extend crypto exchange access to traditional assets
The article defined a TradFi perp as a traditional finance perpetual contract listed on a crypto exchange, allowing continuous positions in stocks, commodities, or other traditional financial assets. Binance Research is Binance’s data and analytics division, focused on market trends, trading volumes, and user behavior.