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.
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