Crypto Exchanges Reach $347 Billion in Monthly TradFi Trading Volume

Traditional finance (TradFi) on crypto exchanges has reached a milestone, with over $347 billion in monthly trading volume - still under 1% of traditional stock market volumes. According to CoinGecko's report, this number is up from just $0.23 billion at the start of 2025, representing a 1,472-fold increase.

The growth can be attributed to the expansion of real-world assets (RWAs) on crypto exchanges, with up to 358 RWAs listed across spot and perpetual offerings between January 2025 and May 2026. MEXC has been the most aggressive in listing these assets, adding 199 spot RWAs and 159 TradFi perpetuals.

The majority of this growth is driven by perpetual RWA trading volume, which reached $347.17 billion in May 2026 - a significant increase from the $0.23 billion at the start of 2025. Binance holds the largest market share in TradFi perpetual trading at 35.9% in 2026.

The most traded pre-IPO asset was SpaceX, with $305 million in monthly volume in May 2026 - ahead of its Nasdaq listing on June 12. Pre-IPO prices settled within 5% of the actual opening price, indicating a high level of market convergence.