TradFi perpetuals double to $2B on crypto exchanges: CryptoQuant report

Open interest in perpetual contracts tied to stocks, metals and oil has doubled since late May as major crypto exchanges expand beyond digital assets, CryptoQuant reported. Summary TradFi perpetual open interest has more than doubled to over $2 billion since late May. Binance, Bybit and Gate control about 70% of the emerging derivatives segment. Crypto perpetual open interest stands near $65 billion, around 20% below its previous peaks. TradFi perpetual open interest climbs above $2B TradFi perpetual contracts have become one of the fastest-growing areas of the crypto exchange market, according to CryptoQuant’s report. The products give traders continuous exposure to traditional assets, including metals, crude oil and equities. Unlike standard futures, perpetual contracts do not have a fixed expiry date and use regular funding payments to keep their prices close to the underlying market. TradFi perpetual open interest climbs above $2 billion | Source: CryptoQuant Open interest in these products remained between roughly $350 million and $500 million during spring 2026. It then rose sharply from late May, crossing $2 billion by July. The increase allows crypto exchanges to compete mo...