Centralized Exchanges in the new cycle

Centralized Exchanges as Infrastructure for a New Financial Cycle

In recent years the role of centralized cryptocurrency exchanges has significantly changed. They are increasingly acting not only as access points to digital assets but also as infrastructure platforms that combine derivatives, tokenized assets and elements of traditional financial markets (TradFi) within a unified ecosystem.

BingX has been developing this model since 2018 consistently expanding its product lineup for trading crypto assets and TradFi instruments based on a crypto-native infrastructure. As of 2026 the platform serves more than 40 million users and works with various categories of traders from beginners to professional market participants.

According to CoinMarketCap derivatives remain the largest segment of the crypto market by trading volume. This trend defines BingX’s strategic focus on the development of perpetual futures and related instruments. In early 2026 the company reported that the daily trading volume of TradFi perpetual futures on the platform exceeded $2 billion with a significant share of activity coming from contracts related to gold. This shift reflects user interest in traditional assets available in a 24/7 trading format.

BingX TradFi infrastructure covers several areas: perpetual futures on commodities, currencies, stocks and indices; spot instruments with tokenized real-world assets; as well as copy trading which allows users to replicate the strategies of experienced traders across both crypto and TradFi markets. These solutions are integrated into a single trading environment and use cryptocurrency as the basis for settlement and margin.

A separate area of development is the application of AI tools. BingX integrates TradFi products with AI solutions for market data analysis, interpretation of trading signals and optimization of the user experience. This approach reflects the company’s strategy to reduce the complexity of working with derivatives and to increase the accessibility of multi-asset trading.

From an industry perspective the convergence of crypto markets and TradFi is considered a long-term process. The growing interest in tokenization, perpetual contracts and 24/7 trading is shaping new requirements for trading infrastructure. In this context BingX positions itself as a platform focused on developing a multi-asset model where digital and traditional financial instruments coexist within a unified system.

Thus BingX’s strategy reflects a broader market trend: the transition from narrowly specialized crypto exchanges to comprehensive trading platforms capable of serving global demand for derivatives and TradFi instruments in a digital format.