I didn’t expect TradFi products on a crypto exchange to scale this quickly

BUT THE DATA SAYS OTHERWISE
@ TradFi perpetual futures are gaining traction faster than most anticipated 👇
▸ $153B+ in cumulative volume in ~2 months since launch
▸ 114M+ trades processed, reflecting sustained and broad participation
▸ Peak activity hitting 6.3M trades in a single day, with multiple days above 4M
This isn’t just early experimentation it’s consistent flow building across sessions.
What’s even more interesting is the composition of that volume:
▸ Precious metals are driving the majority of activity
▸ Gold typically contributes around 25–65% of total volume
▸ Silver captures the remaining share and at times pushes combined dominance beyond 70%
▸ Daily volumes reached ~$3.77B gold
And ~$3.75B silver on March 3
▸ Momentum spikes have seen gold approach ~$4B and silver ~$7B in a single day
This clearly shows where trader attention is concentrated and how macro exposure is being expressed.
The activity profile also stands out:
▸ Around 2M gold trades and 1.9M silver trades recorded in a single day
▸ Rapid increase in trade frequency since launch
▸ Strong participation across both retail and macro-focused traders
The shift is pretty clear:
▸ Traditional assets are now trading in a continuous 24/7 cycle
▸ Liquidity is forming and deepening on crypto-native rails
▸ Execution is becoming faster and more flexible compared to legacy systems
▸ Traders can access macro and crypto markets without switching environments
Feels like this is more than just a new product category
It’s a structural shift in how global markets are accessed with TradFi and crypto starting to operate within the same system.
Faster Than Expected.