Binance U.S. Equities Product Hits $143M Daily Volume, Surpassing Tokenized Equity Market

CoinDesk Research says Binance’s U.S. equities offering recorded an average daily trading volume of about $143 million during its first nine days of activity.

This figure surpassed the peak weekday volumes in the tokenized equities spot market, which ranged between $35 million and $40 million. The platform provides access to over 7,000 U.S. stocks and ETFs.

The report also found that equity-linked perpetual contracts grew their share of TradFi-related perpetual trading volume from around 10% at the beginning of May to roughly 40% by the end of the month.

Source: CoinDesk