TradFi Perpetuals Become Crypto Exchanges' Fastest-Growing Segment. Bitget Ranks Second Behind Binance

Bitget generated nearly $70 billion in TradFi perpetual trading volume during the second quarter, ranking second behind only Binance. TokenInsight's latest exchange industry report identifies the segment as one of crypto exchanges' fastest-growing product categories.

Competition among crypto exchanges is expanding beyond crypto-native assets. As venues roll out tokenised equities, commodities, ETFs and pre-IPO exposure, TradFi perpetuals have become a source of trading activity and product differentiation.

TokenInsight describes the segment as having moved from an experimental offering to an established competitive market for exchanges.

TradFi Perpetuals Gain Momentum

TradFi perpetual trading volumes climbed from $52 billion in January to $268 billion in June, accounting for more than 15% of total derivatives volume on several peak trading days, according to TokenInsight.

Commodity-linked contracts initially generated most activity, but equity perpetuals overtook them as the primary driver, surging from $45 billion in May to $141 billion in June.

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