TokenInsight said Binance handled about $380 billion in Q2 2026 TradFi perpetuals volume, while Bitget neared $70 billion and ranked strongly as demand for multi-asset trading continued.
Binance led the TradFi perpetuals market in Q2 2026, with TokenInsight reporting about $380 billion in volume and a 59.96% market share as the sector grew and became more concentrated. Bitget and OKX followed with roughly $69 billion each, accounting for 11.01% and 10.97%, respectively, with Bitget's volume described in the newer report as nearly $70 billion and ranking it strongly for traditional finance-linked perpetual products. Separate CoinGlass data showed SPY contract open interest at about 75,900 SPY, worth roughly $56.55 million, with Binance holding 30,600 SPY or $22.75 million for a 40.22% share, ahead of Bitget at 22,800 SPY or $16.97 million and OKX at 5,747.07 SPY or $4.28 million. Binance and Bitget also led internal penetration rates in TradFi perpetuals at 8.65% and 8.61%, while the three exchanges together controlled about 78% of SPY open interest.