Binance TradFi Perpetuals Soar as Multi-Asset Strategy Takes Hold
Binance's push to bring traditional finance (TradFi) assets onto its crypto-native platform is gaining traction, according to real-time derivatives data.
A snapshot of the top 15 perpetual contracts on Binance by 24-hour volume shows that roughly two-thirds are now linked to traditional assets, with the remaining third being crypto perpetuals led by BTC, ETH and SOL.
The top perpetual contract by current trading volume is the SANDUSDT (SanDisk) contract, with a staggering ~$6.87 billion in 24-hour trading volume on Binance as of August 19th at 9:00am UTC.
This represents approximately 22% of SanDisk's 24-hour trading volume on Nasdaq.
The other top perpetual contracts by current trading volume include XAGUSDT (Silver) and established crypto perps, highlighting Binance's success in extending crypto-style round-the-clock trading to assets previously confined to traditional market hours.