Tuesday, 02 January 2024 12:17 GMT

Crypto Platforms Draw $778 Billion In Asset Trades Arabian Post


(MENAFN- The Arabian Post) clearfix">Trading in stocks and commodities through cryptocurrency platforms surged to about $778 billion in August, underscoring the rapid expansion of traditional-market products on venues built originally for digital assets.

The total reflects a sharp rise in activity across perpetual futures and other products linked to equities, precious metals and commodities, as major crypto exchanges broadened their offerings beyond Bitcoin, Ether and other tokens. August data showed stock perpetual futures alone generated about $665.42 billion on centralised crypto exchanges, up 4.6 per cent from $636.19 billion in July.

That stock figure was more than 56 times January's level of $11.58 billion, highlighting how quickly equity-linked derivatives have moved from a niche segment into a significant source of turnover for crypto trading platforms.

MENAFN04092026000152002308ID1111623812



The Arabian Post

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story