TradFi Perpetual Open Interest on Crypto Exchanges Doubles Since May, Tops $2 Billion

Crypto exchanges are attracting increasing activity in perpetual futures tied to traditional financial assets, with aggregate open interest climbing above $2 billion after more than doubling since May, according to CryptoQuant.

The growth reflects expanding use of digital-asset platforms for trading products linked to conventional financial markets, offering investors continuous, around-the-clock access. 

Binance accounted for about 35% of total exchange open interest across both cryptocurrency and TradFi perpetual futures markets, reinforcing its position as the largest venue in the sector, according to CryptoQuant data.

Source: CryptoQuant