Traditional asset trading on crypto exchanges hit $103B in April as CFTC stalled CME's oil contract
- —Traditional finance perpetual volume on crypto exchanges topped $103 billion in April 2026
- —Record single day was April 7 at $12.6 billion, with Binance accounting for $60.6 billion
- —Binance listed oil futures on April 1 and captured 44% of a $42.5 billion month-to-date oil market
- —CFTC stayed CME's 24/7 oil futures listing, and NYMEX withdrew the filing on October 2
Why it matters: Crypto exchanges are becoming a venue for 24/7 hedging of traditional assets while US regulators block similar products from CME.
Source: Invezz