maartunn
đ 9% of Binance Futures Volume is from TradFi Assets
TradFi assets were only recently introduced on Binance, beginning with gold toward the end of last year but the shift from crypto into TadFi has been significant. First, both gold and silver reached all-time highs (ATH), driving substantial trading volume. More recently, the S&P 500 also hit an ATH, shifting attention toward equities. At the same time, geopolitical tensions have pushed activity in WTI crude oil (CL). Together, these factors have created a perfect opportunity for Binance to expand into perpetuals on TradFi asset. On the 14th of April: - XAG: $1.05B - XAU: $972M - CL: $633M (launched just two weeks ago) TradFi assets now account for roughly 9% of Binanceâs futures volume. With stocks becoming more volatile, this trend is likely to continue. Traders are no longer focused solely on altcoins or crypto. They now have easy access to TradFi futures as well.