Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B

Crypto traders are no longer betting only on Bitcoin and altcoins. Trading volume in tokenized traditional stocks crossed $54 billion in June, with SpaceX alone contributing $36 billion, followed by Strategy, Circle, and Intel

New data from CryptoQuant shows that crypto traders are increasingly shifting toward TradFi equities.

TradFi Stocks Are Becoming the New Crypto Trade

According to crypto analyst Ali Martinez, trading in TradFi equity perpetual futures crossed $54 billion in June 2026, marking one of the biggest shifts seen in the crypto derivatives market this year.

During the same month, weekly stock derivatives volume on centralized exchanges reached a record $11.6 billion.

The recent TradFi report also shows that tokenized stock perpetual trading has exploded over the past year. Monthly volume increased from $831 million in July 2025 to $34 billion by May 2026, making TradFi derivatives more than 8 times larger than the on-chain RWA market.

Binance Has Become the Clear Market Leader

CryptoQuant data shows Binance is leading the growing TradFi stock trading market on crypto exchanges.

In June alone, Binance processed $53.8 billion in TradFi equity perpetual futures volume, accounting for nearly 80% of the global market. Bitget ranked second with around $9 billion, while Bybit and Gate held only a small share.

The charts also show how quickly trading shifted toward Binance. Activity remained relatively small until March before reaching its highest level in June.

This suggests traders are choosing Binance as their main platform for trading tokenized stocks.

SpaceX Is Leading The Trend, And Others Are Following

Much of the recent surge in TradFi equity perpetual trading was driven by strong demand following SpaceX’s IPO.

According to CryptoQuant, SpaceX (SPCX) generated around $36 billion in trading volume during June, accounting for nearly two-thirds of the entire TradFi equity perpetual market.

The trend is also spreading beyond SpaceX. Trading activity has also increased steadily in Strategy (MSTR), Circle (CRCL), Intel (INTC), and several other traditional equities. 

This shows that traders are now looking for opportunities across traditional companies instead of focusing only on cryptocurrencies.

And one main reason behind this change is convenience.

Unlike traditional stock markets, crypto exchanges offer 24/7 trading, higher leverage, and easy access from almost anywhere in the world. 

• BTC$ 83,014.24(-1.41%)

Binance Binance   Binance is a global cryptocurrency exchange and Web3 ecosystem founded in 2017 by Changpeng Zhao and Yi He that offers crypto trading, spot and futures markets, margin trading, staking, crypto earning, P2P trading, Binance Wallet, token discovery, and blockchain services. The platform supports a broad range of digital assets and provides products for both retail and professional crypto users. Beyond centralized crypto trading, Binance has expanded into Web3 and on-chain markets through Binance Wallet and Binance Alpha, allowing users to discover tokens, access decentralized applications, swap assets across multiple blockchains, and participate in emerging Web3 opportunities.   Key Features of Binance   Trade different cryptocurrencies across spot and futures markets. Trade with borrowed funds to increase market exposure. Store, swap, and manage digital assets on different blockchain networks. Educational resources to help consumers learn about blockchain, cryptocurrency, and trading.  Earn rewards through staking and other earning products. Buy and sell cryptocurrencies directly with other users. Access and swap assets across different blockchain networks.   Binance Details   Attribute Details Core Services Spot Trading, Futures, Margin Trading, Options, P2P Trading, Earn, Staking, Web3, Wallet, Institutional Services Native Ecosystem Token BNB Crypto Trading Spot, Margin, Futures and Options trading Web3 Wallet Binance Wallet Crypto Earn Binance Earn, Simple Earn, Advanced Earn, staking and other yield products Security Features 2FA, Passkeys, Hardware Security Keys, Whitelist, Withdraw Protection, Anti-Phishing Code, Fraud Detection, Risk Monitoring, SAFU Fund, Device & IP Monitoring, Identity Verification (KYC), Scam & Phishing Protection Supported Wallet Networks 60+ blockchains, including Ethereum, Solana, BNB Smart Chain, Polygon, and Arbitrum Launch Platform Binance Launchpool / token launch-related products Trading Tools Advanced charts, market data, trading bots and portfolio tools Blockchain Ecosystem BNB Chain ecosystem   About the BNB Token   Token Name - BNB Token Type - Utility & Governance Token Ecosystem - BNB Chain Blockchain - BNB Smart Chain (BSC) Initial Launch - 2017 Current Role - Native utility token of the BNB Chain ecosystem Primary Use - Paying blockchain transaction and gas fees Governance - Those who own BNB can be involved in BNB Chain governance via staking and voting. Staking - BNB can be staked, allowing users to secure the network and receive staking rewards. Trading Utility - BNB is used within the Binance network and could provide discounts on trading fees. Launchpad & Launchpool Utility - BNB can be used in eligible Binance ecosystem programs such as Launchpool, Megadrop, and HODLer Airdrops. Payment Utility - BNB can be used for eligible payments through Binance Pay and other supported payment applications. Key Ecosystem - BNB Smart Chain, opBNB, BNB Greenfield, and the wider BNB Chain ecosystem.   Binance Key Regulatory Authorizations   Abu Dhabi: Received full approval from the Financial Services Regulatory Authority (FSRA) for providing exchange, clearing, and broker-dealer services in ADGM. India: Completed registration with the FIU-IND and restarted operations with additional KYC and regulatory measures. Brazil and others: Approved in various markets, such as the Central Bank of Brazil, for local broker-dealer acquisition.   binance@miceneurol.com Centralised ExchangeCryptocurrenciesTrading AppCryptocurrency investment

microstrategy microstrategy   Strategy, formerly MicroStrategy, is an American firm that produces enterprise software solutions and is among the top global corporations holding a Bitcoin stockpile. Strategy was founded in 1989 by Michael Saylor, Thomas Spahr, and Sanju Bansal. The firm specializes in producing enterprise analytics, business intelligence (BI), cloud-native data platforms, and AI-driven decision intelligence solutions.   The company rebranded from MicroStrategy to Strategy in February 2025 to reflect its transformation into a corporation based on two main pillars – enterprise analytics software and treasury Bitcoin reserves. Though the firm's software operations continue to help organizations make sense of their data, Strategy became famous worldwide for adopting Bitcoin as its primary reserve currency in 2020.   Microstrategy Details:   Attribute Details Company Name Strategy (formerly MicroStrategy Incorporated) Stock Symbol MSTR (Nasdaq) Primary Products Strategy One, Strategy Cloud, HyperIntelligence, AI-powered Business Intelligence Solutions Bitcoin Treasury One of the world's largest corporate Bitcoin holders First Bitcoin Purchase August 2020 Bitcoin Strategy Long-term Bitcoin treasury reserve strategy Revenue Source Software subscriptions, cloud services, product licenses, support services, and digital asset strategy Deployment Options Cloud, On-premises, Hybrid AI Capabilities AI-powered analytics, automated insights, and enterprise intelligence Supported Platforms Web, Desktop, Mobile Global Presence Customers in more than 100 countries Exchange Listing Nasdaq Market Focus Enterprise Business Intelligence and Digital Asset Treasury Management Investor Relations Available through the ⁠Strategy Investor Relations portal   Key Features of Strategy:   Enterprise business intelligence and analytics platform. Strategy Mosaic universal semantic layer. AI-ready data governance framework. Embedded analytics for enterprise applications. Natural language querying powered by AI. Enterprise reporting and interactive dashboards. Support for more than 200 cloud and on-premises data sources. REST APIs and developer integrations. Smart Caching and query optimization. Enterprise-grade role-based access control (RBAC). Cloud, hybrid, and on-premises deployment options. Corporate Bitcoin treasury management strategy.   MicroStrategy Milestones:   Year Achievement 1989 Michael Saylor and Sanju Bansal founded MicroStrategy. 1992 Secured a major enterprise analytics contract with McDonald's. 1998 Listed on Nasdaq under the ticker MSTR. 2020 Became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset. 2021 Continued Bitcoin accumulation through convertible note offerings. 2025 Rebranded from MicroStrategy to Strategy and launched the Strategy Mosaic platform as the company's flagship semantic layer.     MicroStrategy Core Products & Services:   Strategy One – An AI-powered enterprise analytics platform that combines business intelligence, reporting, dashboards, and governed AI into a single solution. Strategy Mosaic – A semantic layer for all enterprises that enables integration of data across the cloud, on-premise, and hybrid deployments without transferring any data. Cloud Platform – Cloud-based platform with analytics services built-in. Strategy Workstation – A centralized administration and development tool for managing projects, users, and system configurations. Strategy Library – A web and mobile portal that provides users with access to reports, dashboards, documents, and collaborative analytics. Platform Analytics – Monitors platform performance, system health, and user activity to optimize enterprise analytics operations.   info@microstrategy.com Business Intelligence

Circle Payments Circle Payments Circle is a peer-to-peer fintech solution platform that is leading in blockchain-based financial technologies. Circle makes money by trading digital currencies like Bitcoin and others with the help of blockchain technology while making financial transactions.  Company Details Founders: Jeremy Allaire, Sean Neville  Founded: October 2013 Headquarters: Boston, Massachusetts, United States Key Features: Provides an open developer platform allowing businesses to integrate programmable money solutions into their applications.  Supports cross-border payments with near-instant settlements. Offers tools for businesses to manage liquidity, hold USDC as treasury assets, and convert funds between fiats and digital assets. Transactions are settled instantly reducing delays and optimizing cash flow for businesses. subpoenas@circle.com Fintech SolutionPayment solution

cryptoquant cryptoquant CryptoQuant is an analytics platform driven by the community to lower the complexity of data-based decisions. It provides the best data resolution to the block, low latency, high exchange coverage, user network, and Web3 compatible analysis.  Company Details Founder: Ki Young Ju, Soojin Lim, Byungkook Jang Founded: 2018 Headquarters: South Korea CEO: Ki Young Ju Key Features: Offers a comprehensive interface for analyzing and obtaining cryptographic data collected from blockchains. Provides a brief view of market data, on-chain data, and short- and long-period indicators for Bitcoin, Stablecoins, Ethereum, and ERC20 tokens.  Enables custom notifications and alerts for key metrics like spikes in network activity, large transfers from wallets, and exchange reserve changes. Offers educational resources like tutorials and blogs that include explanations on on-chain metrics to help users understand better. FAQs 1. Who is the CEO of CryptoQuant? Ki Young Ju is the CEO and co-founder of CryptoQuant. 2. When was CryptoQuant founded? 2018 3. Who founded CryptoQuant? Ki Young Ju, Soojin Lim, and Byungkook Jang contact@cryptoquant.com On-Chain

ali martinez ali martinez Ali M. is a Senior Crypto & DeFi Producer and the Global Head of News, specializing in content marketing strategies within the cryptocurrency and decentralized finance sectors. In 2012, he discovered the Bitcoin through its whitepaper. Intrigued by the idea of a decentralized, borderless, and censorship-resistant currency, he quickly entered the cryptocurrency market as a trader.  As a leader in the industry, he currently heads the content creation team at a top news media outlet.  Details Organization: MONIIFY Location: United Kingdom Skills: Story Telling and Breaking News Experience: Senior Crypto & DeFi Producer at MONIIFY from Oct 2024 - Present Global Head of News at BeInCrypto from Oct 2022 - Sep 2024  Content Manager at Binance from Dec 2021 - Oct 2022 Senior Managing Editor FXStreet from Sep 2020 - Mar 2022 Marketing Content Specialist at Energi  from Aug 2021 - Dec 2021 FAQ's 1. When did Ali M. get involved in cryptocurrency? Ali discovered Bitcoin through its whitepaper in 2012 2. What is Ali's role as a  Senior Crypto & DeFi Producer? As a senior Crypto and Defi Producer is involved in overseeing the production of content related to cryptocurrencies and DeFi, ensuring that it is engaging, and informative alimartinez@pm.me. TraderMarket Analyst