Bitget has reported a remarkable surge in its daily trading volume for traditional finance (TradFi) assets, reaching $4 billion on January 21. This milestone marks a new record for the exchange, which has seen an influx of cryptocurrency traders redirecting their investments toward conventional financial assets amid rising global market volatility.
The exchange highlighted that just weeks prior, on January 8, the daily volume for TradFi trading on Bitget exceeded $2 billion, demonstrating significant growth as it doubled within a matter of days. This rapid escalation underscores the heightened demand on the platform across various asset classes, including commodities, foreign exchange, indices, and precious metals.
As macroeconomic uncertainties loom, traders are increasingly shifting their focus away from digital assets. Notably, this achievement coincides with Bitget’s upcoming tokenized stock futures trading championship aimed at attracting crypto-native entrants.
The trading of gold has emerged as the standout performer on the platform, particularly the XAUUSD pair, which has accounted for a significant proportion of the total trading volume. The precious metal has garnered substantial demand as investors view it as a protective measure against currency debasement during turbulent times. Other commodities, such as silver, are also experiencing heightened trading activity, suggesting that traders are diversifying their exposure in response to changing risk sentiments.
In a separate update, Bitget announced that its tokenized stock platform has amassed a cumulative trading volume of $18 billion, further indicating a growing trend of users engaging with tokenized equities and seeking traditional market exposure through a crypto-native interface.
Gold and silver have recently reached unprecedented trading levels, as reported by international metal markets. Spot gold has recently soared beyond its previous daily high of $5,100 per ounce, reflecting an increase of 6.65% over the past five days. This surge can be partially attributed to escalating geopolitical tensions, particularly the ongoing Greenland dispute between the U.S. and the EU. In light of recent developments, Goldman Sachs has raised its end-of-2026 price forecast for gold to $5,400 per ounce, anticipating continued purchases by both central banks and private investors.
Silver has also hit an all-time high of over $109 per ounce, propelled by tight physical supply and sustained investor demand. The XAG price has seen a 7.2% increase in just one day, indicating strong market interest. Analysts from the London Bullion Market Association have forecasted further price appreciation for both gold and silver. They attribute this potential growth to central banks diversifying their holdings beyond U.S. dollars and Treasuries, as well as decreasing inflation-adjusted yields and the persistence of geopolitical tensions.
Recently, data from Lookonchain revealed that a prominent investor, referred to as a whale, purchased nearly $4 million worth of tokenized gold. This transaction reflects a broader trend of large investors transitioning from crypto assets to traditional financial instruments as liquidity in the crypto market remains under pressure.
