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Binance Leads TradFi Perpetuals Market With 41% Exchange Share

Centralized venues handling perpetual futures (no-expiry leveraged contracts) maintain about a 7:3 trading-volume advantage over decentralized exchanges, according to the source.

Summary

Binance holds a 41% share of the TradFi perpetuals market among exchanges offering the product, according to the source. The update also says centralized venues continue to dominate activity in perpetual futures (no-expiry leveraged contracts), with trading volume running at roughly a 7:3 ratio compared with DEXes (decentralized exchanges). The figures highlight Binance’s leading position in this segment and show that centralized platforms still account for most trading in these derivatives products.

Terms & Concepts
  • Perpetual futures: A derivatives contract with no expiration date, commonly used for leveraged trading and typically kept near spot prices through a funding mechanism.
  • DEX: A decentralized exchange that lets users trade through blockchain-based smart contracts (self-executing blockchain code) rather than a centralized intermediary.
  • Centralized exchange: A trading platform operated by a company that matches orders, holds custody for many users, and usually offers deeper liquidity and faster execution.