TradFi-linked products surpass BTC in Binance futures trading volume

TradFi-linked products have surpassed Bitcoin in trading volume on Binance’s perpetual futures market. The 30-day average trading volume for perpetual futures tied to traditional finance assets reached 15.59 billion dollars, nearly double the 7.39 billion dollars recorded for BTC perpetual futures during the same period. As of mid-August, products linked to traditional finance assets accounted for over one-third of Binance’s total perpetual futures trading volume. Their volume increased sharply from approximately 3 billion dollars at the beginning of the year, while BTC volume declined after peaking at 16 billion dollars. This trend indicates a shift in market interest towards altcoins and perpetual futures tied to traditional finance assets. In the near term, there appear to be limited catalysts to drive Bitcoin prices higher, while product diversification on the Binance platform may accelerate.