Key Takeaways:

• Binance Research reports TradFi-perps average daily volume climbed from $3B to $8.6B between January and March 2026.
• Silver perpetuals hit roughly 40% of COMEX SI contract volume at peak, signaling serious traction for crypto-native commodity trading.
• Weekend TradFi-perps correctly predicted Monday futures gap direction 89% of the time, pointing toward a new price discovery role.

Binance Holds 41% of TradFi-Perps Market as Gold and Silver Perpetuals Draw U.S. Traders

In the report, Binance Research defines the instruments as TradFi-perps, applying the perpetual futures structure invented by BitMEX in 2016 to assets including gold, silver, oil, and equities. Unlike standard futures contracts, perpetuals carry no…