Binance Dominates ETF Perpetual Market with $116 Billion in Trading Volume

Binance has taken the lead in the market for crypto contracts linked to traditional exchange-traded funds (ETFs), with trading volume in its ETF perpetual contracts now above $116 billion.

The growth has been rapid, with ETF perpetual trading volume increasing by an average of 170% each month over the past seven months. By July, these contracts accounted for 19% of all TradFi perpetual trading volume across crypto exchanges and about 30% of Binance's own TradFi perpetual activity.

The major example of the market's growth came from KORU, a leveraged South Korea ETF. In July, its perpetual contract recorded $16.16 billion in trading volume on Binance, while the underlying ETF recorded $10.89 billion.