Binance Challenges World’s Largest Exchanges in TradFi Derivatives

The daily trading volume of derivatives on traditional assets on Binance reached a significant share of the figures posted by the world’s largest exchanges just three months after launching the segment. One of the key success factors is its 24/7 trading model.
Within the first 90 days of launching traditional asset derivatives trading, Binance built a market with multi-billion-dollar turnover and liquidity levels comparable to major global platforms. Peak volumes for certain instruments already account for a meaningful share of leading exchanges’ activity, indicating rapid institutional-scale growth of the new segment, according to the company’s report.
The most notable performance was recorded in the precious metals segment. Daily gold trading volume reached as high as $7.6 billion, representing approximately 3–8% of COMEX turnover, where daily trading is around $100 billion. Silver showed an even higher relative share — at $6.4 billion in volume, this equals roughly 10–21% of COMEX, exceeding 20% at peak levels.
Additional comparisons with national exchanges show that Binance’s gold trading volumes are already comparable to major regional platforms. Peak platform activity corresponds to:
- 11% of the Shanghai Futures Exchange (~$70 billion daily);
- 220% of India’s MCX (~$3 billion daily);
- 570% of Japan’s TOCOM (~$1.4 billion daily);
- 600% of Dubai’s DGCX (~$1.3 billion daily).
This growth occurred over an extremely short period. At launch, daily metals trading volume stood at around $1.5 million, but within three months, it increased roughly 5,000 times, reaching multi-billion-dollar levels.
In other asset classes, figures are still lower but show steady growth. Daily turnover for WTI oil contracts reached about $760 million, while Brent totaled $360 million, around 1% of volumes on major commodity platforms NYMEX and ICE.
In equities, certain instruments are also rapidly gaining liquidity. For example, daily turnover in CRCL reached up to $256 million (10–12% of NYSE), Tesla reached $190 million (0.5–1% of Nasdaq), and MicroStrategy hit $60 million (2–3% of Nasdaq).
One of the key drivers behind this success is the round-the-clock trading model. Unlike traditional exchanges with limited trading sessions, Binance enables continuous price discovery, allowing markets to react to macroeconomic and geopolitical events outside standard trading hours.
In 2025, another major success for the crypto exchange was Binance Pay, whose global network expanded 1,700 times in 10 months, reaching more than 20 million merchants.




