Markets· ★★★· bullish·

Coin Metrics: Binance tokenized stock volume tops $3.7B in a single month

  • Binance tokenized stock volume topped $3.7 billion in a single month
  • RWA perpetuals reached over 20% and 40% of futures volume on Binance and Hyperliquid
  • Kraken's xStocks amassed over $3 billion in onchain market capitalization
  • SEC introduced a five-year Innovation Exemption for tokenized securities venues
Why it matters: Exchanges are evolving into multi-asset venues, reducing crypto trading cyclicality and broadening onchain access to traditional equities.
Source: Coin Metrics