The uptick in TradFi perpetual futures activity is driven by rising demand for gold, silver, and oil amid ongoing geopolitical tensions.

In the latest edition of the weekly CryptoQuant report, analysts have revealed a surge in traditional finance (TradFi) perpetual futures activity even as demand for bitcoin (BTC) remains contracted. Even with the declining demand, BTC trade sizes have signaled significant institutional activity.

According to the report, the rising TradFi perpetual futures activity can be seen in crypto exchanges, with Gate and Binance leading the trend. In fact, most exchanges are now diversifying beyond cryptocurrencies and tapping into precious…