Bitget posted nearly $70 billion in TradFi perpetual trading volume in Q2, landing second in the global rankings, right behind Binance. TokenInsight's latest exchange industry report flags the segment as one of the fastest-growing product categories across the entire crypto exchange landscape.

A year ago, tokenised equities and commodity perpetuals were mostly treated as experiments. Now they're a real competitive battleground. As exchanges rushed to list tokenised stocks, ETFs, commodities and pre-IPO exposure, TradFi perpetuals went from a niche add-on to a product line that actually moves the needle on market share. TokenInsight puts it plainly: the segment has crossed from experimental to established.

From $52 Billion in January to $268 Billion in June

That fivefold jump across six months tells the story better than any ranking table. Commodity-linked contracts led early in the year, but equity perpetuals took over by May, surging from $45 billion that month to $141 billion in June alone. On peak trading days the segment accounted for more than 15% of total derivatives volume across major venues.

Binance held roughly 60% of the quarterly TradFi perpetual market with around $380 billion in volume. Bitget came in second. OKX and MEXC each logged about $69 billion, sitting just a notch below. For Bitget, TradFi perpetuals made up 8.61% of total derivatives volume during the quarter, the second-highest penetration rate among major centralised exchanges, just under Binance's 8.65%. The exchange also held a top-three spot in both commodity and equity perpetuals, and its share of futures open interest climbed from 7.81% in Q1 to 8.58% in Q2.

Bitget's IPO Prime and Stocks 2.0 rollout was part of a wider industry move: Binance, Bybit, Gate, MEXC and OKX all introduced or expanded tokenised securities offerings during the same period. "Investors don't want separate platforms for crypto and traditional finance; they want frictionless access to opportunities across both," Bitget CEO Gracy Chen said.

Overall crypto exchange trading volume actually fell 8% quarter over quarter to $16.5 trillion, which makes the TradFi perpetuals surge stand out even more sharply against the broader slowdown.

This article is for informational purposes only and does not constitute financial advice or an investment recommendation.