Binance Traditional-Asset Perpetual Volume Jumps 15x to…

Binance recorded about $445 billion in monthly trading volume for perpetual futures linked to traditional financial assets in July, roughly 15 times the $30 billion it saw in January, a gain of some 1,383% over six months. The figures were supplied by the exchange to Bloomberg.

The expansion reflects Binance's push beyond crypto derivatives, offering perpetual contracts on individual equities, commodities and major exchange-traded funds through the same plumbing traders use for Bitcoin and other digital assets. Shunyet Jan, Binance's head of exchange and trading, said appetite for accessing traditional assets via crypto infrastructure has grown quickly. The shift is pronounced enough that a perpetual contract tracking SanDisk shares recently recorded more daily volume on Binance than its Bitcoin perpetual, according to Jan.

Equity perpetuals scale up

These products are derivatives rather than tokenized ownership of the underlying securities. Stock contracts cover names including Amazon, Strategy, Coinbase, Circle and Palantir, while ETF-linked products track instruments such as SPY and QQQ. The contracts settle in USDT, trade around the clock in most cases and offer leverage of up to 10 times, letting traders take positions on U.S. equity prices outside regular market hours without holding the shares themselves.

Industry data indicate Binance's growth sits inside a wider trend. CoinGecko found that crypto-based traditional-asset trading across six large centralized exchanges hit $1.45 trillion in the first half of 2026, about ten times the volume seen across all of 2025. Open interest climbed from $60 million at the start of 2025 to $4.67 billion by June 30, 2026. Binance's tracked traditional-asset volume rose from $39.6 billion in January to $231.49 billion in June, giving it 58.9% of the volume across that six-exchange sample. Other industry data cited by Binance put its share of equity-perpetual volume across tracked venues at roughly 76% in July.

The milestone comes as Binance deepens its conventional-markets offering. Eligible users outside the United States can now access options on more than 1,000 U.S. stocks and ETFs, a service run through Abu Dhabi-based regulated entity Nest Trading Limited, with U.S. broker-dealer Alpaca Securities handling execution, clearing and custody. Perpetual futures carry no expiry and rely on funding to track reference prices, whereas options give holders the right to buy or sell an asset at a set price and date.

Coinbase, Kraken and other digital-asset firms have made similar moves into equities, derivatives and tokenized securities as regulation develops, drawn by continuous trading systems, global client bases and collateral infrastructure. Traditional-asset perpetuals also carry added risk: underlying stock markets do not trade continuously, leaving windows when crypto derivatives remain live while their reference markets are shut. Binance has added pricing controls, including an exponentially weighted moving-average mechanism, aimed at limiting sharp dislocations in those periods. The question now is whether demand stays concentrated in leveraged perpetual speculation or flows into the exchange's growing options and stock products.