Crypto exchange BingX reported its traditional finance trading product surpassed $1 billion in 24-hour volume, with gold contracts accounting for more than halfCrypto exchange BingX reported its traditional finance trading product surpassed $1 billion in 24-hour volume, with gold contracts accounting for more than half

Record Gold Price Drives Half of BingX's $1 Billion TradFi Trading Surge

5 min read

Crypto exchange BingX reported its traditional finance trading product surpassed $1 billion in 24-hour volume, with gold contracts accounting for more than half the total as the precious metal extended gains to test a record $4,722 per ounce.

BingX TradFi Volume Hits $1 Billion as Gold Trading Surges

Gold trading on the platform exceeded $500 million within the 24-hour period, driven by heightened demand as geopolitical tensions pushed the metal up 2.6% on Tuesday. The rally came after President Trump threatened additional tariffs on European nations over control of Greenland, reigniting safe-haven buying across markets.

BingX launched its TradFi product earlier this month, offering perpetual futures contracts tied to more than 50 traditional financial assets. The platform uses perpetual futures, or "perps," which have no expiration date and settle in USDT, operating 24/7 like crypto markets.

  • BingX Announces Pre-Launch Futures for Early Trading on Unlisted Tokens
  • BingX Integrates Apple Pay and Google Pay to Expand Crypto Payment Options
Vivien Lin, Chief Product Officer at BingX

"As the demand for TradFi continues growing, we remain at the forefront of delivering robust products and services that adapt to our users' evolving needs." Vivien Lin, Chief Product Officer at BingX, commented. "Our expanded suite of offerings provides traders with greater choice and broader market access, unlocking new opportunities in a dynamic environment.”

Unlike contracts-for-difference offered by regulated brokers, these instruments fall under crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term infrastructure and offer leverage up to 500x.

Volume Concentration Mirrors Precious Metals Rally

Gold's dominant share of BingX's TradFi volume reflects the metal's explosive performance over the past year. Prices climbed roughly 65% in 2025 and added another 9% in the first three weeks of 2026.

The January surge accelerated after a criminal investigation into Federal Reserve Chair Jerome Powell sparked concerns about central bank independence, with some analysts projecting targets as high as $6,000 for 2026.

Volatility in precious metals has also affected traditional market infrastructure. CME Group shifted gold, silver, platinum, and palladium futures margins from fixed amounts to percentage-based requirements earlier this month, while liquidity providers like Scope Prime adjusted spreads in response to price swings.

BingX’s copy trading feature for traditional assets reached a single-day peak of $51.84 million within 15 days of launch, according to company data.

Crypto Exchanges Push Into Broker Territory

BingX joins rival platforms Binance and Bitget in expanding beyond digital assets. Binance introduced perpetual contracts on commodities like gold and silver, settling them against USDT under Abu Dhabi Global Market oversight, though stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term settlement may limit EU availability.

Bitget rolled out derivatives on gold, forex, metals, indices, and stock-based contracts under Mauritius Financial Services Commission oversight. The moves blur lines between crypto platforms and retail brokers, with exchanges leveraging round-the-clock trading and stablecoin settlement to bypass traditional brokerage friction.

Crypto.com purchased Cyprus-based broker Allnew Investments in mid-2025 to obtain a MiFID license, though planned CFD offerings have not yet materialized.

Other platforms like XBO.com launched tokenized stocks, linking major equities with crypto markets.

The convergence, however, flows both ways. CFD broker Axi expanded to over 150 crypto contracts last year as perpetual futures captured 76% of crypto derivatives volume.

BingX serves over 40 million users globally and ranks among the top five crypto derivatives exchanges. The exchange sponsors Chelsea FC and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026.

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0006714
$0.0006714$0.0006714
-12.28%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tropical Storm Basyang expected to drench Caraga, Northern Mindanao

Tropical Storm Basyang expected to drench Caraga, Northern Mindanao

Moderate to torrential rain from Tropical Storm Basyang (Penha) is expected to cause floods and landslides, with Caraga and Northern Mindanao likely to see the
Share
Rappler2026/02/05 12:40
Hoskinson to Attend Senate Roundtable on Crypto Regulation

Hoskinson to Attend Senate Roundtable on Crypto Regulation

The post Hoskinson to Attend Senate Roundtable on Crypto Regulation appeared on BitcoinEthereumNews.com. Hoskinson confirmed for Senate roundtable on U.S. crypto regulation and market structure. Key topics include SEC vs CFTC oversight split, DeFi regulation, and securities rules. Critics call the roundtable slow, citing Trump’s 2025 executive order as faster. Cardano founder Charles Hoskinson has confirmed that he will attend the Senate Banking Committee roundtable on crypto market structure legislation.  Hoskinson left a hint about his attendance on X while highlighting Journalist Eleanor Terrett’s latest post about the event. Crypto insiders will meet with government officials Terrett shared information gathered from some invitees to the event, noting that a group of leaders from several major cryptocurrency establishments would attend the event. According to Terrett, the group will meet with the Senate Banking Committee leadership in a roundtable to continue talks on market structure regulation. Meanwhile, Terrett noted that the meeting will be held on Thursday, September 18, following an industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues, which has lasted over one week.  Related: Senate Draft Bill Gains Experts’ Praise for Strongest Developer Protections in Crypto Law Notably, the upcoming roundtable between US legislators and crypto industry leaders is a continuation of the process of regularising cryptocurrency regulation in the United States. It is part of the Donald Trump administration’s efforts to provide clarity in the US cryptocurrency ecosystem, which many crypto supporters consider a necessity for the digital asset industry. Despite the ongoing process, some crypto users are unsatisfied with how the US government is handling the issue, particularly the level of bureaucracy involved in creating a lasting cryptocurrency regulatory framework. One such user criticized the process, describing it as a “masterclass in bureaucratic foot-dragging.” According to the critic, America is losing ground to nations already leading in blockchain innovation. He cited…
Share
BitcoinEthereumNews2025/09/18 06:37
Your money, your move: Engage in your financial future

Your money, your move: Engage in your financial future

Five platitudes you should never simply accept from your financial advisor. The post Your money, your move: Engage in your financial future appeared first on MoneySense
Share
Moneysense2026/02/05 12:00