Crypto platforms keep moving closer to traditional finance, and the pace is picking up. In barely a day apart, BYDFi and Phemex both rolled out new TradFi products, reinforcing a broader industry push that gained speed throughout last year. These launches show how exchanges now compete on access to stocks, metals, and commodities, not just crypto pairs.
Key takeaways:
- BYDFi offers spot trading for tokenized stocks and metals using Ondo assets.
- Phemex focuses on TradFi futures with 24/7 trading and a temporary zero-fee period.
BYDFi Launches Spot Trading for Tokenized Stocks and Metals
BYDFi confirmed that TradFi trading is now live on its platform, giving traders direct access to tokenized traditional assets. Unlike derivatives-based offerings, BYDFi focuses strictly on spot trading and relies exclusively on Ondo-issued tokenized assets.
The current lineup covers well-known U.S. equities, including Amazon, Apple, Meta, Microsoft, Nvidia, Intel, Coinbase, Tesla, and Circle. On the commodities side, BYDFi lists iShares Gold Trust tokenized gold ETF exposure, PAX Gold, Tether Gold (XAUT), and silver. All assets trade on spot markets, keeping it simple and transparent.
BYDFi positions this rollout as a foundation rather than a final product. The exchange plans to add more tokenized stocks, ETFs, metals, and other real-world assets over time. Traders who prefer direct ownership-style exposure can already explore these markets without leaving a crypto-native platform.
Phemex Takes a Futures-Only Approach to TradFi Markets
While BYDFi emphasizes spot trading, Phemex chose a different path. On February 5, 2026, Phemex officially launched TradFi futures tied to traditional stocks and precious metals. These products track price movements without offering spot ownership or securities exposure.
Phemex integrated TradFi futures into its existing crypto futures system. As a result, traders can use familiar tools, margin controls, and risk management settings. Available stock futures include Apple, Meta, Nvidia, Tesla, Alphabet, and Intel, alongside metals such as gold, silver, and palladium.
A key feature is continuous access. Phemex allows 24/7 trading and avoids forced liquidations during traditional market closures. To accelerate adoption, the exchange introduced a zero-fee campaign running until May 5, 2026. During this period, both maker and taker fees drop to zero automatically.
Different Models, Same Goal: TradFi Access With Crypto Infrastructure
The contrast between BYDFi and Phemex highlights how flexible TradFi integration has become. BYDFi offers spot-based tokenized assets, appealing to traders seeking direct price exposure without leverage. Phemex targets active traders who want leverage, short positions, and round-the-clock futures access.
Despite these differences, both platforms share the same objective. They want to keep traders inside crypto ecosystems while expanding into traditional markets. This strategy reduces friction and turns USDT and onchain balances into gateways for stocks and commodities.
TradFi Expansion Builds on Momentum From Gate and Bitget
These launches did not happen in isolation. In January 2026, Gate introduced Gate TradFi, opening beta access to gold, forex, indices, commodities, and stock CFDs. The service runs on USDT collateral and includes instruments like XAU/USDT, EUR/USD, Nasdaq-linked indices, and crude oil.
Earlier, in December 2025, Bitget launched its TradFi private beta (now available to everyone). That rollout added forex, metals, commodities, indices, and stock CFDs to Bitget’s crypto platform. The timing aligned with strong interest in real-world assets and tokenization across the market.
Over the past year, exchanges such as Bybit, MEXC, Gemini, KuCoin, BitMart, XT, BingX, and Kraken also rolled out xStocks or similar tokenized products. The trend shows no signs of slowing.
What Comes Next for TradFi on Crypto Platforms
BYDFi, Phemex, and their peers all signal further expansion. More stocks, ETFs, metals, commodities, and hybrid products are already in development. As regulation and infrastructure mature, crypto exchanges appear ready to compete directly with traditional brokers.
For traders, the message is clear. You can now access global markets, from Nvidia shares to gold exposure, without leaving crypto-native platforms. Those interested can explore these new TradFi products today and decide which model best fits their trading style.
