Cryptocurrency exchange Binance has reported the results of its first 90 days of operating TradFi derivatives. At its peak, daily trading volume for gold reached $7.6 billion, while silver hit $6.4 billion. The initial trading volume for metals was $1.5 million, which grew 5,000% over the quarter, according to a company report.

At its peak, silver trading exceeded 20% of the volume on the COMEX commodity exchange, while gold approached 8% of COMEX and 11% of the Shanghai Futures Exchange (SHFE). Compared to regional exchanges, the scale is even more pronounced: gold trading on Binance far surpassed that of the Multi Commodity Exchange of India (MCX), the Dubai Gold and Commodities Exchange (DGCX), and the Tokyo Commodity Exchange (TOCOM).

Source: Binance.

Oil and stock contracts are still in the early stages: WTI and Brent account for about 1% of the New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE), respectively. Among stocks, Circle (CRCL) stands out, with volume reaching 10-12% of the New York Stock Exchange (NYSE).

Source: Binance.

According to the exchange, in several instances, significant trading activity occurred during hours when exchanges like COMEX and NYSE were closed. Prices formed during this time influenced market expectations for the opening of traditional sessions.

"Thanks to the 24/7 infrastructure of digital assets, pricing becomes a continuous process shaped by a global base of participants, rather than being confined to specific trading hours," the blog states.

Commodities Lead Returns in 2026

The growth of Binance's TradFi segment coincided with a rally in commodity markets: Brent has gained about 80% since the beginning of the year, while WTI has risen around 100%. With stock indices lagging, traders have shifted their focus to commodities and macro instruments.

Binance notes that access to metals, oil, and stocks from a single account enhances portfolio management capabilities:

"Crypto-native portfolios often concentrate exposure in one asset class, increasing correlation during periods of market stress. Assets like gold or oil respond to macroeconomic and geopolitical events, as well as supply dynamics that differ from crypto cycles. Combining digital assets with commodities creates a broader and more flexible portfolio structure."

TradFi derivatives are complemented by the growth of tokenized real-world assets (RWA): capitalization has surpassed $27 billion, with BNB Chain's share reaching $3.4 billion (+35.8% over the month). Binance integrates both tools in one application:

"Users can trade centralized TradFi derivatives—gold, oil, and perpetual contracts on stocks—alongside direct access to RWA tokens without switching between applications."

Previously, analysts at DL Research concluded that Binance has become one of the key platforms for 24/7 pricing of gold and silver.