TradFi-linked perps overtake BTC in Binance futures trading volume

TradFi-linked products have overtaken Bitcoin in trading volume on Binance’s perpetual futures market, Unfolded reported, citing crypto research firm K33 Research. The 30-day average trading volume for perpetual futures tied to traditional finance assets recently reached $15.59 billion, about double the $7.39 billion recorded for BTC perpetual futures over the same period. As of mid-August, products linked to traditional finance assets accounted for more than one-third of Binance’s total perpetual futures trading volume. Their volume has also risen sharply, climbing from about $3 billion at the start of the year, while BTC volume fell after at one point reaching $16 billion. Unfolded said the trend suggests market interest is shifting toward altcoins and perpetual futures tied to traditional finance assets. In the near term, direct catalysts to push Bitcoin prices higher appear limited, while product diversification on the Binance platform could accelerate.