The post Crypto Exchanges Vie for TradFi Commodities Market, Pricing Gaps Remain appeared on BitcoinEthereumNews.com.

Update April 9, 2026, 1:00 p.m. UTC: This article has been updated to include a comment from Mamadou Kwidjim Toure, CEO and founder of tokenization platform Ubuntu Tribe. Cryptocurrency exchanges are taking market share from traditional finance (TradFi) trading venues through tokenized commodities products, but finding that mainstream adoption of tokenized precious metals is limited by pricing and liquidity issues. Silver perpetuals have peaked at about 40% of the equivalent volume of the Comex Silver (SI) Contract, the world’s largest silver futures market that accounts for over 70% of global exchange-traded silver futures volume, according to a Thursday report from Binance Research. During March and April, tokenized silver accounted for 14.90% and 14.98% of the Comex’s volume, respectively, up from just 1.37% in January. The growth suggests crypto exchanges are capturing more demand for round-the-clock exposure to traditional assets, particularly in metals-linked perpetuals, but analysts at Kaiko said liquidity depth and price formation still pose major obstacles to wider adoption among traditional investors. Average aggregated TradFi-perps volume to the primary futures equivalents on traditional exchanges. Source: Binance Research Crypto TradFi perps need reliable pricing, strong liquidity Tokenized commodities offer 24/7 trading, which can create vulnerabilities compared to TradFi gold and silver futures, where the holiday and weekend close create “natural circuit breakers that actually protect market quality,” Kaiko research analyst Laurens Fraussen told Cointelegraph. This exposes tokenized commodities to degraded order book debt, widened spreads and less reference pricing from closed traditional venues. Legacy commodities offerings avoid these issues through centralized clearing, consolidated liquidity, standardized contracts and “coordinated operating hours that prevent liquidity deserts,” Fraussen said, adding that crypto needs “better chain abstraction and unified liquidity aggregation” to compete with TradFi. Others argued that cryptocurrency exchanges lack the necessary trust and reserve audits to attract more institutional precious metals investment.…

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Filed under: News - @ April 10, 2026 4:25 am