CEX TradFi Volume Surges Over 100-Fold as Users Flock to Perpetual Futures
The report from MEXC and CoinGecko reveals that traditional financial assets trading on centralized crypto exchanges has surged over 100-fold in the past year. The combined monthly volume across six major exchanges rose from $3.46 billion in January 2025 to $393.15 billion in June 2026.
Perpetual futures accounted for approximately 98.5% of total activity, with $387.39 billion traded in June, compared to just $5.75 billion in spot volume. This shows that users primarily engage with traditional assets on CEXs through leveraged and highly liquid trading products.
The growth was driven by a shift towards U.S. stocks, which overtook precious metals as the largest asset category in June. Monthly volume surged 337.4% to $189.84 billion, capturing a 48.3% market share, while precious metals volume declined 48.2% from its March peak to $122.59 billion.
MEXC's monthly TradFi trading volume increased approximately 59-fold to $91.12 billion in May, and the platform ranked second among the six exchanges for five consecutive months. MEXC also ranked first in precious metals trading in April and May, supported by strong liquidity in gold and silver products.