Cryptocurrency exchange Bitget recorded more than $2 billion in daily trading volume on its TradFi platform Wednesday, three days after launching the service publicly January 5.
Gold (XAUUSD) emerged as the most actively traded pair, leading volume among 79 instruments spanning forex, precious metals, indices and commodities.
The platform enables users to trade traditional financial assets using USDT stablecoin without requiring separate fiat accounts.
What Happened
Top-five assets by volume included gold, Dow Jones Industrial Average, Nasdaq 100, silver and euro pairs during the 72-hour period.
More than 80,000 users joined the waitlist during December's private beta.
Gold trading recorded over $100 million in single-day volume during beta testing.
Ryan Lee, Bitget Research chief analyst, attributed activity to risk-off sentiment pushing flows into precious metals.
Oil near $60 per barrel has limited inflation pressure while markets price potential supply shocks.
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Why It Matters
Bitget launched TradFi following cumulative tokenized stock volume surpassing $1 billion, with 95% generated in December.
The platform allows crypto-native traders to hedge volatility through traditional markets without switching platforms.
Exchange balances trending lower and stablecoin liquidity elevated suggest accumulation rather than capitulation.
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