Crypto traders are no longer just trading crypto. TradFi equity perpetual volume surpassed $54 billion in June, with Binance capturing roughly 80% of the market at $53.8 billion in volume — 6x more than the second-largest exchange, according to CryptoQuant. SpaceX was the main driver, with SPCX alone accounting for $36 billion and becoming the most actively traded TradFi equity contract. But activity also increased across MicroStrategy, Circle, and Intel. This isn’t just a SpaceX story anymore. Demand is spreading across pre-IPO companies and public equities, suggesting TradFi exposure is becoming a permanent part of crypto trading.(Ali Charts)