Centralized crypto exchanges processed trades in tokenized real-world assets (RWA) worth nearly a trillion dollars in 2026. The key beneficiary of this trend was Binance, which accumulated 60.9% of the total volume — an absolute leadership position, leaving competitors with no chance for an equal share.
Leadership in RWA and Derivatives
An analysis of trading flows shows that Binance's dominance is not limited to spot trading. In the market for perpetual contracts (perps) based on RWA, the exchange controls 59.4% of the volume — nearly $450 billion. Binance's expansion into traditional asset classes deserves special attention: the platform has significantly deepened liquidity in gold, silver, oil, and stocks, effectively becoming a central hub for price discovery in this segment.
Positions in Spot and Derivatives
In traditional cryptocurrency pairs, Binance also maintains its lead: 25.9% of the spot market among CEXs and 37% of the derivatives market. This indicates that the exchange is not just diversifying its business but is doing so without losing ground in its core area — crypto trading.
Market Depth and Infrastructure
The quality of Binance's liquidity is confirmed by data on Bitcoin market depth: in the first quarter of 2026, the exchange maintained a daily level of over $10 million, showing minimal deviation from the benchmark CoinDesk Composite Index. This is critically important for institutional participants who require stability when executing large orders.
Scale of User Base
The number of registered Binance users has exceeded 316 million — more than Robinhood, eToro, Webull, and Revolut combined. The platform holds approximately $145 billion in user assets, and the volume of payments through Binance Pay has surpassed $280 billion. In 2025, $1.2 billion in rewards were distributed through the Binance Earn program. Such metrics make Binance not just an exchange but a full-fledged fintech ecosystem competing with traditional financial giants.
Expert Opinion: The concentration of 60% of RWA volume on a single platform is a double-edged sword. On one hand, it confirms Binance's strength as a market maker and liquidity guarantor. On the other, this level of centralization creates systemic risks for the entire tokenized asset segment in the event of a force majeure at the exchange. Investors should consider this factor when building strategies.