Tokenized Stock Trading Skyrockets As Binance Grabs More Market Share

Key Insights:

• Tokenized stock perpetual futures trading crossed $54 billion in June, setting a new record.
• Binance now dominates the $54 billion market by volume, capturing nearly 80% of all trading.
• SpaceX perpetual futures led demand, while trading also surged in Circle, MicroStrategy, and Intel contracts.

Crypto exchanges are quickly becoming a new home for traditional stock trading. CryptoQuant data shows that Tokenized equity perpetual futures reached a record $54 billion in trading volume during June, led by strong demand for SpaceX contracts.

The surge clearly shows that investors are increasingly trading stocks alongside cryptocurrencies on the same platforms.

Tokenized Stock Trading Finds a New Market

According to CryptoQuant, trading volume for traditional equity perpetual futures climbed above $54 billion in June, making it one of the fastest-growing product categories on crypto exchanges this year.

Unlike traditional stock markets that close after trading hours, tokenized equity perpetual futures allow investors to trade price movements in public companies and even private firms like SpaceX 24 hours a day without owning the underlying shares.

The rapid rise in trading volume suggests that traders increasingly want access to traditional financial markets without leaving the crypto ecosystem.

Market commentator and technical anlayst Ali (‘Ali Charts’ on X) noted:

“This isn’t just a SpaceX story anymore. Demand is spreading across pre-IPO companies and public equities, suggesting TradFi exposure is becoming a permanent part of crypto trading.”

Binance Captures 80% of the Market Share

Binance remained the clear leader as trading activity accelerated. The exchange processed $53.8 billion in tokenized stock perpetual futures during June, accounting for nearly 80% of the entire market. That was roughly six times more than the second-largest exchange.

Bitget ranked second with about $9 billion, representing 13% of total trading volume. Bybit and Gate followed with roughly 3% and 2%, showing that liquidity has become heavily concentrated on Binance.

The strong market share also reflects Binance's growing push into traditional financial products. The platform now offers access to more than 7,000 tokenized stocks and ETFs, has surpassed $1 billion in equity assets under management, and allows users to use those holdings as collateral instead of leaving them idle outside market hours.

SpaceX Drives the Growth

Much of June's record volume came from one contract.

CryptoQuant data shows SpaceX (SPCX) perpetual futures generated around $36 billion in trading volume, making it the most actively traded traditional equity contract on crypto exchanges.

The strong demand followed Binance's launch of SpaceX perpetual futures, giving global traders synthetic exposure to one of the world's most valuable private companies without requiring direct ownership of its shares.

However, the market is no longer being driven by SpaceX alone.

Trading activity also increased across contracts linked to MicroStrategy (MSTR), Circle (CRCL) and Intel (INTC), showing that investors are expanding beyond pre-IPO companies into established public equities.

According to CryptoQuant, this suggests demand for tokenized stock trading is becoming broader and more sustainable, rather than relying on a single product launch.

Crypto and Traditional Finance Continue to Merge

The rapid growth of tokenized stock trading reflects a much bigger trend across financial markets.

Instead of keeping crypto and traditional investing separate, more traders now want both on one platform. Crypto exchanges are responding by offering around the clock access to equities, deeper liquidity, and the leverage already familiar to digital asset traders.

Unlike traditional stock ownership, these perpetual futures give traders price exposure without holding the actual shares, creating a bridge between traditional finance and crypto derivatives.

The growing interest also follows a broader wave of tokenization. Major institutions, including BlackRock, Franklin Templeton, and JPMorgan, are already tokenizing real-world assets, while regulators in several countries continue building rules for digital securities.

As more financial products move onto blockchain infrastructure, tokenized equities are becoming another step towards the integration of crypto into mainstream finance.