Binance has captured a 74% market share in ETF perpetual contracts in 2026, with trading volumes soaring to $116 billion.
In the first seven months of 2026, Binance has established a commanding presence in the trading of perpetual contracts linked to exchange-traded funds (ETFs), achieving a market share of 74% by July. The trading volume in this segment surpassed $116 billion, as reported by Binance Research.
These perpetual contracts allow investors to gain exposure to a selection of stocks without needing to buy the actual funds, providing a significant advantage as they operate beyond traditional exchange hours.
At the outset of 2026, trading activity in this market was nearly non-existent, but by July, weekly turnover had surged to $30 billion, culminating in a monthly total of $100 billion, which implies an annualized trading volume of around $700 billion. Over these seven months, the segment experienced an impressive average monthly growth rate of 170%.
“The total trading volume for TradFi-Perps from January to July 2026 exceeded $1.6 trillion, with ETFs accounting for 7.25% of that volume. Binance's stake in ETF TradFi-Perp trading has remarkably increased from 18% at its inception to 74%,” the report details.
Binance launched its ETF perpetual contracts in March 2026, and according to the data, ETFs currently represent 30% of the trading volume within Binance's TradFi offerings.
Leading ETFs and Market Trends
The fund with the highest trading volume was SOXL, a leveraged ETF focusing on semiconductors, followed by Korean ETFs KORU and EWY. Notably, the trading volumes for popular indices like QQQ and SPY lagged behind.
- Top ETFs by Trading Volume:
- SOXL - $41.97 billion
- KORU - $16.15 billion
- EWY - $8.43 billion
- QQQ - $5.94 billion
- SPY - $1.71 billion
Two significant factors are driving this trend. The first is a strong demand for leveraged trading: SOXL and KORU provide triple daily exposure, and tech stocks dominate the portfolios of Binance users, who have higher trading volumes compared to other sectors. Secondly, KORU and EWY trade during U.S. hours, appealing to investors who find it difficult to access Korean stocks through traditional brokers due to time zone differences. This unique offering allows continuous pricing and access to these stocks.
In July, the trading volume for KORU’s perpetual contract exceeded that of the actual fund by 148%, registering $16.16 billion compared to $10.89 billion for the fund itself. “The primary pricing for leveraged exposure to the Korean market is shifting from traditional venues to Binance,” the report indicates.
Market Context
Despite these significant developments, the trading volume for perpetual contracts still represents less than 1% of the broader ETF market, which saw over $40 trillion in trading volume during the first half of the year, marking a 50% rise year-over-year. For comparison, March alone accounted for a record $7.8 trillion.
If perpetual contracts manage to capture even 10% of the ETF market volume, it could lead to approximately $780 billion in trading monthly, and at 20%, it would jump to $1.56 trillion. In June, Binance also reported an 80% market share of total perpetual futures volume for TradFi stocks, reflecting its dominant position in the market.
