US Stocks Surpass Precious Metals on Crypto Exchanges

US stocks have surpassed precious metals as the most popular asset on crypto exchanges, with open interest in US stock perpetual futures hitting $2.01B by June 30, 2026.

This marks a significant shift from earlier in the year when gold was king on crypto exchanges, with precious metals perpetual futures dominating the market.

According to data from major centralized crypto exchanges, the open interest in US stocks has overtaken that of precious metals, which stood at $1.69B by June 30, 2026.

The growth in US stock trading on crypto exchanges is staggering, with a 77-fold increase in just over a year and a half, from around $60M in January 2025 to $4.67B by the end of June 2026.