TradFi perpetuals

Policy Regula

2026-09-16 02:03:17

U.S. Senate stalls crypto market structure bill as Binance shifts commodity TradFi perpetuals to 24/5 trading

The U.S. Senate failed to advance the Digital Asset Market Clarity Act after the measure drew only 49 votes, well short of the 60 needed to move legislation forward. According to CoinDesk, negotiations broke down over ethics restrictions tied to President Donald Trump’s crypto holdings, with Democrats arguing the bill did not do enough to prevent senior officials from profiting from personal digital asset positions, while Republicans said they had already made major concessions. Binance, meanwhile, said its commodity-linked TradFi perpetual contracts would move to a 24/5 trading schedule starting Sept. 16 at 05:00 Beijing time, ending the previous one-hour daily maintenance pause. The change covers XAUUSDT, XAGUSDT, XPTUSDT, XPDUSDT, COPPERUSDT, CLUSDT, BZUSDT and NATGASUSDT, as well as future contracts in the same category. On-chain trackers also flagged several notable transfers. Onchain Lens said Multicoin Capital moved 441,000 HYPE, worth about $35.31 million, from four wallets to Coinbase Prime over the past six hours, a transaction interpreted as a possible pre-sale move. Lookonchain reported that BIT deposited 1,400 BTC to Binance and withdrew 10,000 ETH, while Lazarus Group sold 911 ETH over the past two hours at an average price of $2,499.

650

Bybit

2026-09-08 19:06:00

Bybit Launches FX Perpetual Contracts With Up to 100x Leverage

Dubai-headquartered crypto exchange Bybit has launched USDT-settled perpetual contracts for three major foreign exchange pairs: EUR/USD, GBP/USD and USD/JPY. The contracts support round-the-clock trading and offer leverage of up to 100x. They have no expiration date, and all profits and losses are settled in USDT. Traders gain exposure to price movements in the underlying currency pairs, but do not receive ownership of the related currencies. The new contracts have been added to Bybit’s TradFi Perpetuals product line, which the exchange introduced in April. The product line currently covers more than 200 assets, including stocks, commodities, exchange-traded funds and pre-IPO companies. Odaily reported the launch, citing Cointelegraph. The product is structured as a derivatives offering rather than direct foreign exchange ownership, with settlement handled entirely in USDT. Bybit’s newly listed contracts are limited to the three currency pairs named in the report.

830

BingX

2026-09-03 08:19:41

BingX says its TradFi perpetuals lead peers in liquidity across key asset groups

BingX said it ranked first in TradFi perpetual contract liquidity across several widely traded global assets, based on the company’s own order book depth comparison of major trading platforms. The platform said the findings reflect its strategy of combining broader market access, deeper liquidity, and faster execution on a single multi-asset venue. According to BingX, its TradFi perpetuals lineup covers more than 500 assets spanning indices, equities, foreign exchange, and commodities. The company highlighted three sets of depth figures measured within 10, 50, and 100 basis point spreads: average order book depth in major commodities such as gold, silver, WTI crude oil, and Brent crude at 1.6x that of the second-ranked exchange; AI and semiconductor-related stocks including Alphabet, Broadcom, Micron, SK Hynix, and Intel at 1.7x; and benchmark names such as Apple, SpaceX, and Tesla at 2.2x. Chief Strategy Officer Kevin Lee said liquidity determines whether market access is truly usable when traders need to act. BingX also said it plans to expand its TradFi product matrix and strengthen liquidity in key markets.

980

Bitget

2026-08-28 06:16:03

Bitget opens KCGI 2026 with a 3 million USDT multi-asset trading competition

Bitget has launched the 2026 King’s Cup Global Invitational, or KCGI, with a total prize pool of 3 million USDT and a broader format that now extends beyond crypto-only trading. For the first time, the exchange is bringing together crypto futures, TradFi perpetual contracts, and tokenized U.S. equities in one flagship tournament. Participants will compete across more than 600 crypto contract pairs, TradFi perpetual markets tied to stocks, commodities, and precious metals, and spot rTokens representing tokenized U.S. shares, with performance aggregated into a unified profit-and-loss leaderboard. The UEX Arena sits at the center of the event, allocating 2 million USDT across five rankings, including team profit, crypto contract volume, TradFi perpetual contract volume, rToken volume, and individual profit. Registration opened on Aug. 26, while team and individual competitions will run from Sept. 9 to Sept. 22. Final results are scheduled for Sept. 23-24, followed by a live awards ceremony on Sept. 25. The event, according to Bitget, also aligns with its 2026 Universal Exchange strategy.

1540

Binance

2026-08-20 10:12:31

Binance launches “24/7 Financial Convenience Store” page with access to crypto, stocks and ETF-style products

Binance has added a new “24/7 Financial Convenience Store” page to its website, introducing a single entry point for users to browse a broad range of popular global assets. According to the page, the offering spans cryptocurrencies, stocks, bStocks, TradFi perpetual contracts, Web3 wallet functions and wealth management services, with support for more than 7,000 popular assets worldwide. The activity calendar on the page also showed listings tied to Alibaba (BABA) and Walmart (WMT), both dated Aug. 20. Binance has not released detailed product rules, rollout coverage or the regions where the feature will be available. The company also has not provided a formal announcement explaining how the page will operate in practice. Based on what is currently visible on the website, the new section appears to bring crypto assets and traditional financial product access points together under one interface, though the final structure and scope remain unclear pending official details.

1180

CoinGlass

2026-07-23 08:41:20

CoinGlass says TradFi perpetual volume hit about $1.2 trillion in the first half

CoinGlass said in its "2026 Mid-Year Market Report" that aggregate TradFi perpetual futures volume across major exchanges reached about $1.2 trillion in the first half of the year, with June alone accounting for 33.7% of the total, pointing to stronger trading activity late in the period. The report said volume remained concentrated among leading centralized exchanges, with Binance posting roughly $666.3 billion, OKX about $117.7 billion, and Bitget around $66.4 billion. On liquidity, CoinGlass measured order book depth within 1% above and below the mid-price. For BTC, Binance recorded about $236 million in two-sided depth, equal to 44.0%, followed by OKX at about $112 million, or 20.8%. Bybit and Bitget were both near $70 million, with shares of 13.9% and 13.4%, respectively. For ETH, Binance showed about $109 million in depth, accounting for 28.7%, while Bitget posted about $81 million, or 21.4%. OKX and Bybit ranked behind them.

1230

TokenInsight

2026-07-23 05:02:49

TokenInsight says Q2 crypto exchange volume fell to $16.5 trillion as spot rebounded and TradFi perps emerged as the clearest growth lane

TokenInsight’s review of the crypto exchange sector in the second quarter of 2026 points to a market that is stabilizing after broad deleveraging, but not yet returning to a full-cycle risk regime. Aggregate exchange volume fell 8% quarter over quarter to $16.5 trillion from $17.9 trillion, while the composition of trading changed materially: spot volume rebounded to $4.5 trillion from $3.3 trillion, and derivatives volume dropped to $12.0 trillion from $14.6 trillion. Derivatives still dominated total activity, yet their share fell to 73% from 82%, a sign that spot participation recovered across major venues. The report, based on data from 20 exchanges, also shows market share consolidating further among the largest platforms. Binance extended its lead, raising total market share to 35.34% from 32.77% and posting about $5.85 trillion in volume during the quarter. In derivatives, the top four exchanges accounted for more than 72% of market share. Average futures open interest slipped to roughly $0.08 trillion from $0.09 trillion in Q1, suggesting leverage appetite stayed muted even as trading activity stabilized. Outside crypto-native products, TokenInsight identified TradFi perpetual contracts as the fastest-growing segment. Monthly TradFi perp volume expanded from $52 billion in January to $268 billion in June, with equity-linked perps driving the sharpest increase. Binance, Bitget, Bybit, MEXC and Gate all rolled out tokenized equities, U.S. stock trading, or IPO and pre-IPO products during the quarter.

1430