Crypto TradFi grows fivefold to $6.6B, CoinGecko says
Crypto TradFi grows fivefold to about $6.6 billion as major centralized exchanges expand into tokenized stocks, commodities and precious metals, according to a CoinGecko study. Perpetual futures now dominate trading, with US stock perps overtaking metals by mid-2026 amid fierce brokerage and DEX competition.
Key Takeaways
- Tokenized traditional assets on crypto exchanges reached $6.6 billion in market cap in June 2026, up from $1.4 billion in January 2025, CoinGecko found.
- The study covered Binance, OKX, Bybit, Bitget, Gate and MEXC.
- Early growth was led by tokenized precious metals; by mid-2026, US stock perpetual futures led in volume and open interest.
- Derivatives dominate because traders want leverage and exchanges can list perps without issuing or custodying the underlying assets.
- Pressure from decentralized exchanges and traditional brokerages, including Robinhood, is pushing crypto platforms beyond pure crypto trading.
How large is the crypto TradFi market now?
CoinGecko’s Wednesday report said the market capitalization of tokenized traditional assets — including precious metals, US stocks, commodities, global indexes and forex — rose to $6.6 billion in June 2026 from $1.4 billion in January 2025. That is nearly a fivefold increase over roughly 18 months.
The analysis tracked activity across six major centralized exchanges: Binance, OKX, Bybit, Bitget, Gate and MEXC. For more coverage of similar market moves, see our Fintech & Crypto Alerts hub.
According to Cointelegraph’s summary of the CoinGecko study, rising demand for tokenized equities and commodities on centralized venues is at the center of the shift.
Why are crypto exchanges moving into stocks and commodities?
CoinGecko said intense competition from traditional brokerages and decentralized exchanges is pushing crypto platforms to expand beyond digital assets. Centralized exchanges are adding tokenized stocks, commodities and precious metals to attract and retain users as rivals chip away at market share.
Robinhood is among brokerages that have significantly expanded digital asset offerings, underscoring the overlap between traditional finance and crypto platforms. Spot markets for these tokenized assets remain comparatively small next to derivatives.
Perpetual futures account for the vast majority of trading. Traders prefer leveraged products, and exchanges can list perpetual contracts without issuing or custodying the underlying tokenized assets, the report said.
What is driving volume in tokenized equities?
Initial growth was fueled largely by tokenized precious metals before the market broadened into US equities. By mid-2026, US stock perpetual futures had overtaken precious metals in both trading volume and open interest.
CoinGecko linked that surge to investor interest in semiconductor stocks and anticipated initial public offerings. The pattern shows TradFi-style exposure is becoming a core product line on crypto venues, not a niche experiment.
Institutional appetite is rising in parallel. A June Standard Chartered report projected tokenization could help expand decentralized finance into a $2.7 trillion market by 2030 via real-world assets. Bernstein analysts separately estimated the broader tokenization market could reach $4 trillion by the end of the decade.
Other infrastructure deals cited alongside the CoinGecko findings include BitGo and OTC Markets Group partnering to expand tokenized securities access for more than 150 broker-dealers, and Tradable teaming with the Stellar network to bring up to $1 billion in private credit assets onchain — further signs that banks, brokerages and crypto firms are building on shared blockchain rails.