TradFi Convergence Boosts Crypto Exchanges Amid Geopolitical Tensions

The latest report from CryptoQuant highlights an unexpected surge in traditional finance (TradFi) perpetual futures activity on crypto exchanges. According to the analysis, this trend is driven by rising demand for gold, silver, and oil amid geopolitical tensions between the U.S. and Iran.

As a result of this convergence, market participants are increasingly using crypto exchanges to access macro assets, rather than traditional financial platforms. Gate exchange leads the trend, with $368 billion in TradFi perpetual futures volume, followed closely by Binance at $298 billion.