Crypto exchanges are expanding into traditional finance by offering perpetual futures tied to stocks, indexes and commodities, with trading volume rising to $1.32 trillion in the first five months of 2026. These stock-linked perpetuals allow traders to gain 24/7 price exposure to assets like the S&P 500 without owning the underlying shares or receiving shareholder protections. Major platforms like Coinbase and Binance are building “everything exchange” models that combine crypto, equities, and derivatives in a single account. This shift comes as Wall Street began bringing crypto into traditional banking two years ago through exchange-traded funds (ETFs), custody, funds and other regulated products. However, crypto exchanges are now offering access to Wall Street markets. The growth has changed the business composition of Bitget, which had 100% of its volume initially came from crypto.