Seven-day review of US equity exposure trading on five exchanges puts Binance on top in spot and perpetuals
A seven-day comparison of US equity exposure products across five centralized exchanges shows Binance leading both tokenized stock spot trading and stock perpetuals. The review covered Binance, Bybit, Gate, Kraken and Bitget, using public API data from July 8 to July 14, 2026, on a full UTC-day basis. To keep the comparison consistent, the spot sample used four 1:1 tokenized equities — NVDA, TSLA, META and GOOGL — while the perpetual sample used AAPL, NVDA, TSLA and GOOGL. The figures only include turnover that can be clearly attributed to each exchange’s CEX order books. They do not include wallet aggregation flows, DeFi trading volume, broader underlying US stock market activity, broker-routed execution that was not disclosed, or market data that cannot be separated from actual customer execution. On the main scoreboard, Binance posted about $15.50 million in tokenized stock spot volume and about $1.006 billion in stock perpetual notional volume over the seven-day period. Gate ranked second in representative spot volume through gStocks at about $12.43 million, while Bitget ranked second in perpetuals at about $137 million. Across the five exchanges and the shared ticker set, stock perpetual turnover was about 32.8 times larger than tokenized stock spot turnover. The review also noted that weekend activity dropped sharply even though many products advertise 24/7 trading.






