Another crypto exchange jumps on the bullion bandwagon, with yellow and white metals testing all-time highs.
Gold futures contracts are currently generating over $500 million in daily volume on BingX.
Crypto
exchange BingX reported its traditional finance trading product surpassed $1
billion in 24-hour volume, with gold contracts accounting for more than half
the total as the precious metal extended gains to test a record $4,722 per
ounce.
BingX TradFi Volume Hits
$1 Billion as Gold Trading Surges
Gold
trading on the platform exceeded $500 million within the 24-hour period, driven
by heightened demand as geopolitical tensions pushed the metal up 2.6% on Tuesday.
The rally came after President Trump threatened additional tariffs on European
nations over control of Greenland, reigniting safe-haven buying across markets.
BingX
launched its TradFi product earlier this month, offering perpetual futures
contracts tied to more than 50 traditional financial assets. The platform uses
perpetual futures, or "perps," which have no expiration date and
settle in USDT, operating 24/7 like crypto markets.
"As
the demand for TradFi continues growing, we remain at the forefront of
delivering robust products and services that adapt to our users' evolving
needs." Vivien Lin, Chief Product Officer at BingX, commented. "Our
expanded suite of offerings provides traders with greater choice and broader
market access, unlocking new opportunities in a dynamic environment.”
Gold's
dominant share of BingX's TradFi volume reflects the metal's explosive
performance over the past year. Prices climbed roughly 65% in 2025 and added
another 9% in the first three weeks of 2026.
The January
surge accelerated after a criminal investigation into Federal Reserve
Chair Jerome Powell sparked concerns about central bank independence, with
some analysts
projecting targets
as high as $6,000 for 2026.
Volatility
in precious metals has also affected traditional market infrastructure. CME
Group shifted gold, silver, platinum, and palladium futures margins from
fixed amounts to percentage-based requirements earlier this month, while
liquidity providers like Scope Prime
adjusted spreads in
response to price swings.
BingX’s
copy trading feature for traditional assets reached a single-day peak of $51.84
million within 15 days of launch, according to company data.
Bitget rolled
out derivatives on gold, forex, metals, indices, and stock-based contracts
under Mauritius Financial Services Commission oversight. The moves blur lines
between crypto platforms and retail brokers, with exchanges leveraging
round-the-clock trading and stablecoin settlement to bypass traditional
brokerage friction.
The
convergence, however, flows both ways. CFD broker Axi expanded
to over 150 crypto contracts last year as perpetual futures captured 76% of crypto derivatives
volume.
BingX
serves over 40 million users globally and ranks among the top five crypto
derivatives exchanges. The exchange sponsors Chelsea FC and became the first
official crypto exchange partner of Scuderia Ferrari HP in 2026.
Crypto
exchange BingX reported its traditional finance trading product surpassed $1
billion in 24-hour volume, with gold contracts accounting for more than half
the total as the precious metal extended gains to test a record $4,722 per
ounce.
BingX TradFi Volume Hits
$1 Billion as Gold Trading Surges
Gold
trading on the platform exceeded $500 million within the 24-hour period, driven
by heightened demand as geopolitical tensions pushed the metal up 2.6% on Tuesday.
The rally came after President Trump threatened additional tariffs on European
nations over control of Greenland, reigniting safe-haven buying across markets.
BingX
launched its TradFi product earlier this month, offering perpetual futures
contracts tied to more than 50 traditional financial assets. The platform uses
perpetual futures, or "perps," which have no expiration date and
settle in USDT, operating 24/7 like crypto markets.
"As
the demand for TradFi continues growing, we remain at the forefront of
delivering robust products and services that adapt to our users' evolving
needs." Vivien Lin, Chief Product Officer at BingX, commented. "Our
expanded suite of offerings provides traders with greater choice and broader
market access, unlocking new opportunities in a dynamic environment.”
Gold's
dominant share of BingX's TradFi volume reflects the metal's explosive
performance over the past year. Prices climbed roughly 65% in 2025 and added
another 9% in the first three weeks of 2026.
The January
surge accelerated after a criminal investigation into Federal Reserve
Chair Jerome Powell sparked concerns about central bank independence, with
some analysts
projecting targets
as high as $6,000 for 2026.
Volatility
in precious metals has also affected traditional market infrastructure. CME
Group shifted gold, silver, platinum, and palladium futures margins from
fixed amounts to percentage-based requirements earlier this month, while
liquidity providers like Scope Prime
adjusted spreads in
response to price swings.
BingX’s
copy trading feature for traditional assets reached a single-day peak of $51.84
million within 15 days of launch, according to company data.
Bitget rolled
out derivatives on gold, forex, metals, indices, and stock-based contracts
under Mauritius Financial Services Commission oversight. The moves blur lines
between crypto platforms and retail brokers, with exchanges leveraging
round-the-clock trading and stablecoin settlement to bypass traditional
brokerage friction.
The
convergence, however, flows both ways. CFD broker Axi expanded
to over 150 crypto contracts last year as perpetual futures captured 76% of crypto derivatives
volume.
BingX
serves over 40 million users globally and ranks among the top five crypto
derivatives exchanges. The exchange sponsors Chelsea FC and became the first
official crypto exchange partner of Scuderia Ferrari HP in 2026.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Breaking: CLARITY Act Draft Gets Green Light in Senate
Featured Videos
FM Daily Brief - 20 May 2026
FM Daily Brief - 20 May 2026
FM Daily Brief - 20 May 2026
FM Daily Brief - 20 May 2026
Today’s lead: CFD brokers show a wide divergence in per-account trading activity. Also ahead, a deep dive into IG Group and XTB’s latest numbers. It's Wednesday, 20 May 2026. You're listening to the Finance Magnates Daily Brief.
Today’s lead: CFD brokers show a wide divergence in per-account trading activity. Also ahead, a deep dive into IG Group and XTB’s latest numbers. It's Wednesday, 20 May 2026. You're listening to the Finance Magnates Daily Brief.
Today’s lead: CFD brokers show a wide divergence in per-account trading activity. Also ahead, a deep dive into IG Group and XTB’s latest numbers. It's Wednesday, 20 May 2026. You're listening to the Finance Magnates Daily Brief.
Today’s lead: CFD brokers show a wide divergence in per-account trading activity. Also ahead, a deep dive into IG Group and XTB’s latest numbers. It's Wednesday, 20 May 2026. You're listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today's lead: IG Group has lifted its full-year revenue outlook after a strong quarter. Also ahead, Swissquote sets a date for its one-to-ten share split. And CMC Markets’ UK head says neobanks are becoming trading distributors. It’s Tuesday, 19 May 2026. You’re listening to the Finance Magnates Daily Brief.
FM Daily Brief - 18 May 2026
FM Daily Brief - 18 May 2026
FM Daily Brief - 18 May 2026
FM Daily Brief - 18 May 2026
FM Daily Brief - 18 May 2026
FM Daily Brief - 18 May 2026
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Cyprus authorities detain suspects in a forex-linked criminal probe. Also ahead: Kraken’s IPO timeline slips further, and CMC Markets expands its Spectre product to retail clients. It’s Monday, 18 May 2026. You’re listening to the Finance Magnates Daily Brief.
FM Daily Brief - 15 May 2026
FM Daily Brief - 15 May 2026
FM Daily Brief - 15 May 2026
FM Daily Brief - 15 May 2026
FM Daily Brief - 15 May 2026
FM Daily Brief - 15 May 2026
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: The US Senate Banking Committee approved the Clarity Act, moving US lawmakers closer to a full Senate vote. Also ahead, AI agents plug into cTrader trading workflows, and OANDA Japan ends MT4 and MT5 web access. It’s Friday, 15 May 2026. You’re listening to the Finance Magnates Daily Brief.
FM Daily Brief - 14 May 2026
FM Daily Brief - 14 May 2026
FM Daily Brief - 14 May 2026
FM Daily Brief - 14 May 2026
FM Daily Brief - 14 May 2026
FM Daily Brief - 14 May 2026
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.
Today’s lead: Washington moves closer to reshaping crypto markets as the CLARITY Act advances through the US Senate, with the Senate Banking Committee holding its markup and vote on the bill today. Also ahead: record revenue at Rakuten Securities, losses narrow at Valutrades, Pepperstone expands its crypto infrastructure push, and a dormant Bitcoin wallet resurfaces after more than 11 years following an AI-assisted recovery. It’s Thursday, 14 May 2026. You’re listening to the Finance Magnates Daily Brief.