Gate didn’t just win the TradFi perpetual futures race in March 2026. It lapped the field.

The exchange captured roughly 85% of all TradFi perpetual trading volume across crypto exchanges in March, processing approximately $295.8B worth of trades, according to data from CryptoQuant. The total market for TradFi perps across all crypto exchanges hit around $450B in monthly volume that same month.

From footnote to front page

In January 2026, Gate’s TradFi perp volume sat at $3.4B. By February, it had jumped to $56.7B. Then March happened, and the number ballooned to nearly $296B.

The surge was driven largely by perpetual contracts tied to gold and silver. Crude oil contracts also started gaining momentum toward the end of the quarter.