TradFi Perpetuals Outpace Spot RWAs Eightfold on Crypto Exchanges

Trading in traditional financial assets is expanding across the crypto exchanges tracked by CoinGecko, but most activity is not taking place through tokenised spot products.

During the first five months of the year, TradFi perpetual volume exceeded spot RWA trading by more than eight times, according to CoinGecko’s TradFi on Crypto Exchanges 2026 report.

The disparity runs against the industry’s emphasis on tokenised stocks as the main route into traditional markets.

Stocks, precious metals, commodities, and forex have now become the battlegrounds for crypto exchange differentiation.Here are 4 highlights you shouldn't miss about how crypto exchanges are reshaping traditional asset trading.Thread below. 🧵 pic.twitter.com/2XseoBOUy4

— CoinGecko (@coingecko) July 29, 2026

Exchanges Extend Their Native Trading Model

Rather than reproducing conventional stock-market infrastructure, crypto exchanges are exporting their native perpetual-futures model to equities, commodities, foreign exchange and pre-IPO assets.

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