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Binance Increased Metals Trading Volume by 5,000x in 90 Days
Cryptocurrency exchange Binance summarized the first 90 days of its TradFi derivatives operations. Daily trading volume for gold peaked at $7.6 billion, while silver reached $6.4 billion. Initial turnover in metals was $1.5 million — the figure increased 5,000 times over the quarter, according to the company’s report.
At its peak, silver volume exceeded 20% of COMEX turnover, while gold approached 8% of COMEX and 11% of the Shanghai Futures Exchange (SHFE). Compared to regional venues, the scale is even more notable: Binance’s gold trading volume surpassed that of the Multi Commodity Exchange of India (MCX), Dubai Gold & Commodities Exchange (DGCX), and Tokyo Commodity Exchange (TOCOM) several times over.
Source: Binance.
Oil and equity contracts are still at an early stage: WTI and Brent account for about 1% of the New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE), respectively. Among equities, Circle (CRCL) stands out, with volume reaching 10–12% of the New York Stock Exchange (NYSE).
Source: Binance.
According to the exchange, in some cases, the main trading activity occurred during hours when platforms like COMEX and NYSE were closed. Prices formed during this time influenced market expectations ahead of traditional session openings.
“Thanks to the 24/7 infrastructure of digital assets, price discovery is becoming a continuous process shaped by a global participant base rather than 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 gained about 80% year-to-date, while WTI rose around 100%. Amid lagging stock indices, traders shifted their focus to commodities and macro instruments.
Binance notes that access to metals, oil, and equities from a single account expands portfolio management opportunities:
“Crypto-native portfolios often concentrate exposure in a single 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): market capitalization exceeded $27 billion, with BNB Chain accounting for $3.4 billion (+35.8% over the month). Binance integrates both tools within a single application:
“Users can trade centralized TradFi derivatives — gold, oil, and perpetual equity contracts — alongside direct access to RWA tokens without switching between applications.”
Earlier, analysts at DL Research concluded that Binance has become one of the key platforms for 24/7 price discovery in gold and silver markets.
See also: "Spot Trading Volume on Cryptocurrency Exchanges Declined in March"
