Phemex, a cryptocurrency exchange, has announced that its TradFi (Traditional Finance) trading platform achieved over $10 billion in monthly trading volume for the first time in March 2026. This milestone was driven by unprecedented demand for tokenized gold and commodity contracts, which traders sought as safe-haven assets amid escalating geopolitical tensions.
Gold-related instruments, including XAU (Gold) and PAXG perpetual contracts, accounted for a significant portion of the volume surge. The platform's 24/7 trading infrastructure allowed users to access these traditional assets outside conventional market hours, a key advantage highlighted by the company.
The TradFi platform, which offers tokenized access to stocks, commodities, and indices alongside crypto assets, has experienced explosive growth. It reported a 340% quarter-over-quarter increase in active users. Core features contributing to its popularity include round-the-clock market access, configurable leverage, no market-hour restrictions, and a unified account for both crypto and traditional assets.
"Reaching $1 billion in daily TradFi volume validates our thesis that traders want a single, always-on platform for both digital and traditional assets," said Federico Variola, CEO of Phemex. "While legacy brokerages close at 4 PM, our users are executing gold and equity trades at midnight, on weekends, and during breaking geopolitical events — exactly when markets move the most. This is the future of trading infrastructure."
Looking ahead, Phemex plans to progressively expand its asset lineup and launch innovative features to serve the converging demands of traditional market participants and crypto traders. The exchange, founded in 2019 and trusted by over 10 million traders, is positioning itself as a premier unified hub by dismantling barriers between traditional finance and digital assets.
