Intense competition from traditional brokerage and decentralized exchanges is pushing crypto exchanges to expand beyond digital assets into tokenized stocks, commodities and precious metals, CoinGecko said.

A study, released by the crypto data provider on Wednesday, found that the market capitalization of tokenized traditional assets, including precious metals, US stocks, commodities, global indexes and forex, grew to $6.6 billion in June 2026 from $1.4 billion in January 2025. The analysis covers activity across Binance, OKX, Bybit, Bitget, Gate and MEXC.

The market’s initial growth was fueled largely by tokenized precious metals before expanding into US equities. By mid-2026, US stock perpetual futures had overtaken precious metals in…