Are we seeing the battle of TradFi on exchanges?.

[Phoenixtrader]

I recently talked about TradFi here, and a lot of people gave positive feedback, saying it’s flexible and allows users to trade across multiple asset classes in one app. which is true imo

After recently launching its TradFi platform, Bitget announced over $2B in trading volume within a few days. Today, Binance also announced that it has launched TradFi products, starting with gold and silver perpetual trades.

Here’s a breakdown of the assets offered by the two exchanges.


However, I’m curious, will more exchanges pursue TradFi this year?

[Charles-Tim]

I am surprised that most of you did not know that Bybit has TradeFi since many months ago but when Bitget launched its own, they marketed it and I saw it on the news and some other places, but now Binance launched its own and many people have been talking about TradiFi. I have seen it in Bybit like 5 months ago before Bitget launched its own.

[joniboini]

No surprise if some people don't know the latest news about exchanges. Personally, I'm not keeping up with them either because I no longer use them regularly. That being said, if 1 or 2 big exchanges also start offering similar products, it definitely shows that the demand is big enough for them to fight each other.

I don't think my local exchanges will follow them, though. I don't think the infrastructure here is ready for that (plus the demand is probably not as big as the overseas market). CMIIW.

[JeromeTash]

I am surprised that most of you did not know that Bybit has TradeFi since many months ago but when Bitget launched its own, they marketed it and I saw it on the news and some other places, but now Binance launched its own and many people have been talking about TradiFi. I have seen it in Bybit like 5 months ago before Bitget launched its own.

OP's main aim is to shill a certain exchange so he gets paid in their discord group or something like that. Just by looking at his post history, you can clearly see a pattern. They probably run a network of accounts to create some fake buzz around the forum.
I don't think they even care about any organic discussion.

[Darker45]

I am surprised that most of you did not know that Bybit has TradeFi since many months ago but when Bitget launched its own, they marketed it and I saw it on the news and some other places, but now Binance launched its own and many people have been talking about TradiFi. I have seen it in Bybit like 5 months ago before Bitget launched its own.

And then there were many others that offered the same before Bybit did. If I'm not mistaken, the same service has already been offered way back during the height of ICOs. I can't remember the specific projects but hybrid platforms were already a thing many years ago. Of course, as we all know, most of those projects didn't live long.

Even a local exchange has already integrated TradFi and offered government bond securities years ago.

Anyway, OP's goal is just to promote his/her brand and get paid.

[Phoenixtrader]

No surprise if some people don't know the latest news about exchanges. Personally, I'm not keeping up with them either because I no longer use them regularly. That being said, if 1 or 2 big exchanges also start offering similar products, it definitely shows that the demand is big enough for them to fight each other.

I don't think my local exchanges will follow them, though. I don't think the infrastructure here is ready for that (plus the demand is probably not as big as the overseas market). CMIIW.

I think this could be a good competition for echanges in the future cos it's definitely hitting up imo.. I think more will follow, someone said Bybit has tradfi too.

I am surprised that most of you did not know that Bybit has TradeFi since many months ago but when Bitget launched its own, they marketed it and I saw it on the news and some other places, but now Binance launched its own and many people have been talking about TradiFi. I have seen it in Bybit like 5 months ago before Bitget launched its own.

And then there were many others that offered the same before Bybit did. If I'm not mistaken, the same service has already been offered way back during the height of ICOs. I can't remember the specific projects but hybrid platforms were already a thing many years ago. Of course, as we all know, most of those projects didn't live long.

Even a local exchange has already integrated TradFi and offered government bond securities years ago.

Anyway, OP's goal is just to promote his/her brand and get paid.

I didn't know about that cos probably hype wasn't created yes? So I think it's gaining recognition rn.. and easy mate, it's an open discussion not what you're thinking.. there's freedom here to talk about crypto/exchange happenings yes?

[Darker45]

~snip~

I didn't know about that cos probably hype wasn't created yes? So I think it's gaining recognition rn.. and easy mate, it's an open discussion not what you're thinking.. there's freedom here to talk about crypto/exchange happenings yes?

Yeah, they failed to create hype. And it was so hard back then for a low-budget startup to stand out. There was so much noise in the market. During the height of ICOs, hundreds, if not thousands, of projects were competing for attention day by day. Majority of them aren't as big as Binance or your employer that could pay an army of shills to promote their products in all ways imaginable. Binance used to host competitions which gave away Lambos and Porsche and Maserati, something which their competitors couldn't afford.