tradfi

Cryptocurrency exchange Bybit announced the launch of USDT-settled forex perpetual contracts, covering three major currency pairs: Euro/USD, Pound/USD, and Dollar/Yen, supporting up to 100x leverage, and offering 24/7 trading. This product belongs to Bybit's TradFi perpetual contract series, which has included over 200 assets since its launch in April this year, covering stocks, commodities, ETFs, and pre-IPO companies. According to data from the Bank for International Settlements, the global forex market's average daily over-the-counter trading volume reached $9.6 trillion in April 2025, making it the largest and most liquid financial market in the world. Bybit is not the first cryptocurrency exchange to venture into forex perpetual contracts; Kraken launched five forex perpetual contracts with up to 50x leverage in April 2025, while BitMEX launched six similar products with up to 100x leverage in April 2026.

Bitget launches a TradFi copy trading event, running from September 4 to September 30. During the event, users who apply to become contract trading experts for the first time can enjoy up to 30% copy trading profit sharing and have the chance to gain exposure on the official leaderboard.If the daily TradFi copy trading and replication volume of trading experts reaches the specified threshold, they can unlock a 5,000 USDT contract experience bonus and physical rewards such as the Apple foldable screen and Apple 18 Pro.

The Binance contract platform will launch the BYDUSDT perpetual contract priced in USDT on September 7 at 10:00, and the HK0992USDT Quanto perpetual contract will go live on the same day at 10:05. Both have a maximum leverage of 20 times and support multi-asset mode.

On September 3, WEEX Exchange announced the launch of the TradFi "Daily Lottery" event, where users can participate in a lottery by trading stocks and gold contracts. The event runs from September 3, 00:00 to September 17, 23:59 (UTC+8).Users who achieve a daily TradFi contract trading volume of 10,000 U are considered to have successfully checked in and can participate in the lottery. During the event, users can earn 1 to 10 lottery chances by reaching specified milestones in cumulative TradFi contract trading volume. Prizes include airdrop vouchers ranging from 20 to 10,000 USDT, as well as VIP3 and VIP5 experience cards.

The Bitget 2026 King Cup Global Invitation Tournament KCGI has opened registration on August 26. As of now, the event has formed 1,122 teams, with a total of 30,337 participants.This tournament is the first to integrate three major tracks: crypto contracts, TradFi contracts, and stock spot rToken, all in the same arena, with the same prize pool and ranking, totaling a prize pool of 3 million USDT. Registration ends on September 22, and the team and individual competitions will take place from September 9 to September 22.

According to the latest data from Bitget, the platform's TradFi contracts accumulated over 250 million transactions in August, with monthly trading volume maintaining above $100 billion for two consecutive months, and the number of trading users increased by 12% month-on-month.As of now, Bitget supports a total of 299 stock perpetual contract underlying assets.

The Binance Futures platform will launch multiple U-based TradFi perpetual contracts on September 2, including NVDLUSDT, TSLLUSDT, DDOGUSDT, TEAMUSDT, MDBUSDT, ZSUSDT, and GTLBUSDT. The contract type is USDT denominated, with a maximum leverage of up to 20 times.

According to a research report published by RootData Research, the total trading volume of mainstream cryptocurrency exchanges in the TradFi sector surpassed $1.3 trillion in the first half of 2026, nearly a tenfold increase compared to the entire year of 2025, with TradFi derivatives accounting for over 98%, becoming the core engine driving the explosive growth of the sector.The exchange landscape is shifting from "unipolar concentration" to multipolar competition. Binance, while maintaining a leading position in the TradFi sector with a cumulative share of 68.3%, saw its monthly trading volume share decline from 78.8% at the beginning of the year to 58.2% in August. Meanwhile, second-tier exchanges such as OKX, Gate, and Hyperliquid are rapidly expanding, with market shares of 18.2%, 10.7%, and 9.9% respectively in August.In the core submarket of stock derivatives, entering August, Binance still dominated with an average daily trading volume of $14.927 billion; OKX established an advantage in trading costs with the industry's lowest spread of 0.0091%, achieving a comprehensive score tied for second with Gate. Gate has recently shown independent growth, recording four consecutive months of triple-digit month-on-month growth from May to August, and in mid-August, its ±2% weighted depth ranked first in the industry for 11 consecutive trading days. The competitive logic of the TradFi sector may be shifting from a battle for traffic to a competition across comprehensive dimensions such as position size, market depth, trading costs, and variety coverage.

According to DefiLlama data, Binance has seen a net inflow of $15.6 billion in the past month, surpassing the total assets of the Robinhood platform ($14.325 billion). During the same period, OKX had a monthly net inflow of about $1.7 billion, and Bybit about $1.9 billion, making Binance's inflow scale approximately 8 to 9 times that of the two.Analysts believe that, in addition to market conditions and the head effect, Binance is accelerating its expansion into the TradFi (traditional finance) sector. Recently, the platform has continued to expand into assets such as gold, silver, popular U.S. stocks, ETFs, stock tokenization, and Pre-IPO, allowing users to allocate various assets like Crypto, precious metals, U.S. stocks, and ETFs within the same account without needing to transfer crypto assets to traditional brokers.

Bitget's latest data shows that the cumulative trading volume of TradFi perpetual contracts on the platform in August has exceeded $10 billion, with the average daily number of trading users increasing by over 10% month-on-month.As of now, Bitget supports a total of 295 stock perpetual contract underlying assets.

The Binance contract platform will launch multiple U-based TradFi perpetual contracts on August 28, including TEMUSDT, MRKUSDT, IONQUSDT, MARAUSDT, and PDDUSDT. The launch times are 17:00, 17:05, 17:10, 17:15, and 17:20, with a maximum leverage of up to 20 times.

The Bitget 2026 King Cup Global Invitation Tournament KCGI has opened registration on August 26. As of now, 796 teams have been formed, with a total of 20,801 participants. Early bird benefits are also available; users who join a team and complete the specified requirements among the first 10,000 users before August 30 can compete for an early bird prize pool of 200,000 USDT.It is reported that this year's KCGI has been fully upgraded, with "UEX Panoramic Competition" as the core highlight, for the first time integrating three major tracks: crypto contracts, TradFi contracts, and stock spot (rToken), achieving the same competition field, the same prize pool, and the same ranking, providing a multi-asset competitive scenario for users with different trading preferences, with a total prize pool of 3 million USDT. The registration period for the tournament ends on September 22, and more details can be found on the Bitget official platform.

According to the latest data from RootData's tokenized asset dashboard, Bitget ranks first with a depth of approximately $193 million and a market share of 25.3%.It is reported that this statistic only includes native crypto asset types such as contracts and tokenized assets, excluding data from traditional stock brokers.

Bitget 2026 King’s Cup Global Invitation Tournament KCGI is now open for registration, and early bird benefits and team formation channels are also available. This year's KCGI has been fully upgraded, with "UEX Panorama Competition" as the core highlight, for the first time integrating three major tracks: crypto contracts, TradFi contracts, and stock spot (rToken), achieving a unified competition arena, prize pool, and ranking, providing a multi-asset competitive scenario for users with different trading preferences, with a total prize pool of 3 million USDT.To enhance the competition experience, KCGI has simultaneously launched five major gameplay features: UEX Arena, UEX Treasure Map, Captain Rewards, Early Bird Benefits, and Glory Live Draw. The UEX Arena, as a core component, offers a maximum reward of 2 million USDT, covering five major leaderboards: team earnings, trading volume in each track, and individual earnings; the UEX Treasure Map provides a 100% winning treasure chest reward of up to 600,000 USDT through a task key and track fragment synthesis mechanism. Additionally, there is a special incentive of 100,000 USDT for team captains, and the first 10,000 users who join a team and meet specified requirements before August 30 can compete for an early bird benefits prize pool of 200,000 USDT.The final glory coronation ceremony will be revealed in a live broadcast after the competition ends. Users who reach the specified trading threshold during the competition will have the opportunity to participate in the live draw to win multiple rewards, including 2026 KCGI limited merchandise, gold-plated footballs, cash vouchers, and more. The registration period for the event ends on September 22.