Crypto exchange BingX has reported a major milestone for its traditional finance (TradFi) business, announcing that the segment recorded more than $1 billion in trading volume within a 24-hour period. This achievement underscores growing user interest in non-crypto financial products on the platform.
TradFi Gold Leads the Surge
According to BingX, TradFi Gold trading accounted for over $500 million of the total volume, making it the single largest contributor during the period. The strong performance highlights increasing demand for commodity-based instruments, particularly gold, as traders seek exposure to traditional safe-haven assets alongside digital currencies.
BingX's TradFi Offering
BingX launched its TradFi offering to provide users with access to a broad range of traditional financial markets, including commodities, foreign exchange (forex), stocks, and indices, all within the same trading environment as its crypto products. Since the rollout, the exchange said participation in TradFi markets has continued to rise, with more users diversifying their trading strategies beyond cryptocurrencies.
Growth in TradFi Copy Trading
In addition to direct trading, BingX noted significant growth in TradFi copy trading, a feature that allows users to automatically replicate the strategies of experienced traders. Within just 15 days of launch, TradFi copy trading reached a single-day peak trading volume of $51.84 million, reflecting rapid adoption among users seeking simplified access to traditional markets.
Strategic Expansion and Market Context
The exchange said the expansion into TradFi is part of its broader strategy to become a multi-asset trading platform, catering to both retail and professional traders. By integrating traditional financial products with crypto trading tools, BingX aims to bridge the gap between digital assets and conventional markets, offering users greater flexibility in managing risk and capital allocation.
Market observers note that the surge in TradFi volumes comes amid heightened volatility in global markets, where traders are increasingly looking for diversified exposure across asset classes. Gold’s dominant share of BingX’s TradFi volume suggests that macroeconomic uncertainty continues to drive interest in commodities, even as crypto markets evolve.
Future Plans for TradFi
BingX said it plans to continue enhancing its TradFi infrastructure, expanding product coverage, and improving trading tools to meet rising demand. The exchange did not disclose whether additional asset classes or regional expansions are planned, but emphasized that TradFi will remain a key growth pillar alongside its core crypto offerings.