Binance has undergone a complete transformation of RWA perpetual futures in the past three months. Perpetual futures contracts based on RWA are increasing their share of Binance’s derivatives activity.
Binance’s perpetual futures market currently hosts much higher RWA trading volume. Over the past three months, Binance has started competing with traditional markets through its own perpetual futures platform.
According to Binance Researchmarket share for the TradFi futures platform grew from 0.2% to 4.9%. Binance currently competes with Comex, especially in the silver market.
Silver contracts reached 20.8% of COMEX trading volume at the interest rate peak, while gold reached 8.3%. The Binance example shows that cryptocurrency trading infrastructure can adapt to trading any contract that exhibits high liquidity potential and clear directional movement factors.
Binance’s perpetual futures also compete with HyperLiquid’s own contracts. Both platforms reflect the shift towards precious metals, commodities and energy.
Binance takes advantage of precious metals rally
Binance took advantage of the precious metals bull market in early 2026, driven by gold’s new record and silver’s dramatic price movements.
Initially, Binance gained ~0.4% of the COMEX share in January, which expanded to 3.6% in April and 8.3% at peak trading. Silver expanded from 1% to 13.6% with a high of over 20%.
This trend is similar to hyperliquid precious metals trading, with silver enjoying the highest cumulative trading volume ever. rapid adoption RWA Perpetual Futures Years of tokenization efforts have shown that liquidity remains key for crypto traders and a factor in the hype on social media.
Stocks and energy catch up with volume growth
The share of stocks and energy in traditional markets remains small. However, Binance’s position among crypto traders has allowed for a quick transition to the new asset class.
Binance noted that CRCL trading was particularly active, accounting for up to 12.1 of the NYSE’s daily volume. The main reason is that CRCL traders are also crypto natives and react to news and events that affect cryptocurrencies. Circle Co., Ltd. and the sector as a whole.
MSTR and TSLA also lag behind CRCL but are gaining speed.
Energy perpetual futures had the same share as gold as of January. WTI futures account for 2.3% of the TradFi platform, compared to 1% for Brent. These ratios are similar to silver and gold and could widen if global uncertainty remains.
Similar to Hyperliquid, Binance’s market operates 24/7, and price discovery continues during official closing hours. Traders can use cross margin for multiple positions. Traders are also still learning how the oil market will behave during a time of unprecedented uncertainty.
In April, Binance also launched USDT margin crude oil WTI futures and Brent futures with up to 100x leverage, allowing traders to take even more significant directional risk. Binance avoids the usual complex structure of brokerage accounts and access to commodity exchanges. This market also shows similarities to volatile cryptocurrency trading, giving way to tokens and digital assets when prices move sideways.
