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
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iForex posts its first annual results as a listed broker. Also ahead: CFI Financial secures a Brazil license, and prediction markets have a big week, with new ETF launches and fresh Polymarket loss data. It's Thursday, the thirtieth of April 2026. You're listening to the Finance Magnates Daily Brief.
iForex posts its first annual results as a listed broker. Also ahead: CFI Financial secures a Brazil license, and prediction markets have a big week, with new ETF launches and fresh Polymarket loss data. It's Thursday, the thirtieth of April 2026. You're listening to the Finance Magnates Daily Brief.
iForex posts its first annual results as a listed broker. Also ahead: CFI Financial secures a Brazil license, and prediction markets have a big week, with new ETF launches and fresh Polymarket loss data. It's Thursday, the thirtieth of April 2026. You're listening to the Finance Magnates Daily Brief.
iForex posts its first annual results as a listed broker. Also ahead: CFI Financial secures a Brazil license, and prediction markets have a big week, with new ETF launches and fresh Polymarket loss data. It's Thursday, the thirtieth of April 2026. You're listening to the Finance Magnates Daily Brief.
FM Daily Brief - 29 April 2026
FM Daily Brief - 29 April 2026
FM Daily Brief - 29 April 2026
FM Daily Brief - 29 April 2026
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It's Wednesday, the 29th of April 2026. You're listening to the Finance Magnates Daily Brief.
XTB and Robinhood both post first-quarter earnings. But the numbers point in very different directions. Also ahead: Capital.com pushes into three new markets and signals a move into payments.
It's Wednesday, the 29th of April 2026. You're listening to the Finance Magnates Daily Brief.
XTB and Robinhood both post first-quarter earnings. But the numbers point in very different directions. Also ahead: Capital.com pushes into three new markets and signals a move into payments.
It's Wednesday, the 29th of April 2026. You're listening to the Finance Magnates Daily Brief.
XTB and Robinhood both post first-quarter earnings. But the numbers point in very different directions. Also ahead: Capital.com pushes into three new markets and signals a move into payments.
It's Wednesday, the 29th of April 2026. You're listening to the Finance Magnates Daily Brief.
XTB and Robinhood both post first-quarter earnings. But the numbers point in very different directions. Also ahead: Capital.com pushes into three new markets and signals a move into payments.
It's Wednesday, the 29th of April 2026. You're listening to the Finance Magnates Daily Brief.
FM Daily Brief - 28 April 2026
FM Daily Brief - 28 April 2026
FM Daily Brief - 28 April 2026
FM Daily Brief - 28 April 2026
FM Daily Brief - 28 April 2026
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Startrader posts three-point-one trillion dollars in first-quarter volume — up three hundred and forty percent from a year ago. Also ahead: Fintokei claims sub-second trader payouts, and eToro opens its premium subscription tier to all investors.
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FM Daily Brief - 27 April 2026
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FM Daily Brief - 27 April 2026
FM Daily Brief - 27 April 2026
FM Daily Brief - 27 April 2026
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Finance Magnates spoke with IG Group's MENA CEO. Also ahead: EC Markets posts a record five-point-one-three trillion dollar first quarter. Plus Hola Prime brings in Deloitte to audit prop firm payouts.
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