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Crypto exchanges expand into stocks with perpetual futures tied to benchmarks
Trading volume in perpetual futures tied to traditional assets hit $1.32 trillion in the first five months of 2026, versus $104.2 billion for all of 2025.
Crypto exchanges are expanding into traditional finance by rolling out perpetual futures tied to stocks, indexes and commodities, enabling 24/7 exposure without holders owning underlying assets or receiving shareholder protections, CoinDesk reports.
The article says crypto exchanges processed $1.32 trillion in perpetual futures tied to traditional assets in the first five months of 2026, compared with $104.21 billion for all of 2025, citing CoinGecko. Monthly volume rose from $230 million in January 2025 to $347.17 billion in May 2026.
Platforms including Coinbase and Binance are building “everything exchange” models that combine crypto, equities and derivatives in a single account, including tokenized stock positions used as collateral, while large funds remain cautious about decentralized venues, CoinDesk adds.
CoinDesk also quotes Bitget CEO Gracy Chen saying the company went from having no perpetual stock product a year ago to drawing about 28.0% of its total trading volume from stock perpetuals. Binance’s Shunyet Jan said innovation from the crypto world, including perpetuals and trading hours, could migrate into TradFi, describing the shift as a “reverse bridge.”