Phemex Breaks $10B TradFi Volume in Month One, Advancing Its Cross‑Market Trading Stack - Crypto Economy

CryptoEconomy · 2026-03-12T18:08:25+00:00

Phemex's TradFi platform exceeded $10 billion in trading volume within its first month, fueled by strong interest in tokenized gold contracts amid geopolitical instability. The platform also saw a 340% increase in active users, highlighting demand for continuous access to diverse asset classes.

CryptoEconomy

2026-03-12 18:08:25

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Phemex announced that its traditional finance (TradFi) platform surpassed $10 billion in trading volume during its first month of operation, driven by unprecedented demand for tokenized gold contracts and commodities amid growing geopolitical tensions.

Gold-linked instruments —including perpetual contracts for XAU and PAXG— concentrated a significant portion of the recorded volume Traders sought exposure to safe-haven assets through its infrastructure. Phemex’s TradFi platform, which offers access to tokenized stocks, commodities, and indices alongside crypto assets, also recorded a 340% increase in active users during the last quarter.

Federico Variola, CEO of the company, attributed the result to the demand for a unified, always-on platform for digital and traditional assets. “While traditional brokerages close at 4 PM, our users are executing gold and equity trades at midnight, on weekends, and during disruptive geopolitical events,” Variola stated.

The firm anticipates a progressive expansion of its asset offering and the launch of new features aimed at strengthening its positioning as a platform that unifies traditional and crypto markets.

Source: https://chainwire.org/2026/03/12/phemex-tradfi-hits-10b-monthly-volume-advancing-cross-market-trading-infrastructure/?mfk=S9LWMAQFVSlN3eehNWil218fPC2DgJUKEwGsxe2OR34jYikgZ%2BnS7cyNZdqx%2BwQjB8IYCE%2FNGZCKqbxxo2zMXjOju%2FLwYrohsbvpVTaH5hEUAQU%2BuYbFA36S1KgMu8B%2FPCKRfBVMbY2ihcQ%2BWJTzqbW70cr%2BADk%3D

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