TradFi perpetuals top $2B on crypto exchanges

• Traditional finance perpetual contracts have passed $2 billion in trading volume on crypto exchanges, according to CryptoQuant.
• The growth shows rising demand for stocks, commodities and other traditional assets on crypto platforms.
• CryptoQuant said exchanges are attracting traders by offering round-the-clock access to traditional markets.

Traditional finance perpetual contracts have recorded more than $2 billion in trading volume on crypto exchanges, according to CryptoQuant.

CryptoQuant said more traders are using crypto exchanges to trade stocks, commodities and other traditional assets alongside digital currencies.

The report said trading activity has grown as exchanges expand their range of traditional financial products.

CryptoQuant said these contracts let users trade price movements without owning the underlying asset.

The report said 24-hour trading and stablecoin settlement have helped increase demand for these products.

Several major crypto exchanges have expanded their traditional finance offerings as competition for traders continues to increase.

CryptoQuant said the trend shows that crypto exchanges are becoming multi-asset trading platforms instead of focusing only on digital assets.