Crypto Exchanges Evolving Into RWA Exchanges, CryptoQuant's Ki Young Ju Says on June 25

RWA1.57%
According to Ki Young Ju, CryptoQuant founder and CEO, crypto exchanges are evolving into real-world asset (RWA) exchanges. In a post on X on June 25, Ju highlighted that average USDT perpetual trading volume on Binance shows metals, oil, and equities surpassing altcoins, indicating a shift beyond native blockchain tokens. Kraken's recent expansion of tokenized equities through xStocks and similar initiatives across the industry underscore the trend, with nearly half of Kraken's new spot listings in the first four months of 2026 related to RWAs or tokenized stocks.
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