Crypto Exchanges Go Full TradFi: $1.45T in H1 2026

Gold led the early push. Precious metals volume peaked at $236.76 billion in March 2026 as spot gold hit records. By June, that figure fell 48% to $122.59 billion. U.S. stocks then took over, jumping 337% month-over-month to $189.84 billion, capturing 48.3% of TradFi volume. The shift was driven by interest in semiconductor names and anticipation of listings like SpaceX.

Binance became the clear leader in June with $231.49 billion in volume, more than half the combined share of the six platforms. MEXC had held the second spot for five months, peaking at $91.12 billion in May. It was overtaken by OKX and Bitget in June as equity volumes climbed. Binance's dominance came from offering the widest range of TradFi products, the report said.

The demand side reinforces the trend. A global survey of 6,185 users across 13 languages found that 61.9% of crypto-native traders have already started trading traditional assets on these platforms. Among those with prior TradFi experience, 74.2% have shifted some or all activity to crypto exchanges. 83.3% plan to increase such trading, citing 24/7 access and faster execution.

The concentration of volume on Binance creates a single point of failure for the new TradFi ecosystem. No major jurisdiction has issued specific rules for multi-asset crypto exchanges. The CLARITY Act, stalled in the Senate, would have provided a framework. A major security incident on a platform offering TradFi products would expose customers across asset classes, not just crypto.

The survey found that 83% of users plan to increase TradFi trading.