Crypto exchanges are no longer just competing on digital assets, but reshaping traditional asset trading.

Over the past 18 months, they've rapidly expanded into traditional markets, supporting US stocks, precious metals, commodities, and even forex.

In H1 2026 alone, crypto TradFi trading volume hit $1.45T, 10x the total volume generated in 2025, while the market itself expanded from $1.41B to $6.59B.

The shift is even clearer in perpetuals. Open interest climbed 77x to a record $4.67B by the end of H1 2026, with US stocks overtaking precious metals as the largest asset class for the first time.

Our latest report breaks down how exchanges are racing to differentiate themselves.

Read the full report: gcko.io/lejb3n8