# Commodities Related Articles

BingX Kicks Off Global Capital Gala, Spotlighting TradFi Trading Opportunities

BingX, a leading cryptocurrency exchange and Web3-AI company, has launched the Global Capital Gala, a trading campaign running from April 8 to April 28. The event highlights BingX's expanding TradFi offerings, which provide access to over 100 traditional financial assets including commodities, forex, stocks, and indices. Key features include 24/7 trading, leverage of up to 500x on select assets (including 100x for U.S. stocks), competitive fees, and zero-fee futures in certain markets. The campaign includes the U.S. Stocks Earnings Hunt Trading Challenge, offering a 500,000 USDT prize pool for participants who complete KYC and trading tasks across Spot and Futures leaderboards. BingX aims to bridge traditional finance and crypto markets, serving over 40 million users globally.

TheNewsCrypto04/08 14:19

Telegram taps Lighter for 50x perps trading across crypto, stocks, and commodities: Details

Telegram has integrated Lighter, a decentralized exchange (DEX) specializing in perpetual trading, to power its native leveraged trading feature. Through the Wallet in Telegram, users can now trade cryptocurrencies, stocks, metals, and oil with up to 50x leverage. This integration, Telegram's largest with Lighter to date, could significantly boost trading volumes for the DEX by tapping into Telegram’s vast user base of over 150 million registered and 25 million active wallet users. The partnership arrives as Lighter faces a substantial decline in activity and revenue—weekly trading volumes dropped 89% from its November peak to $8B in April, while revenue fell 91% to $325K weekly. This downturn followed the end of LIT token farming after its December debut. The Telegram deal has already spurred a 30% price recovery for LIT in early April. If the integration drives renewed user activity, it may reverse Lighter’s declining metrics and support further token buybacks; otherwise, LIT could face renewed downward pressure.

ambcrypto04/04 03:33

BingX Introduces 24/7 TradFi Trading, Unlocking Continuous Access to Global Markets

BingX, a leading cryptocurrency exchange and Web3-AI company, has expanded its TradFi offerings to include 24/7 trading support for a wide range of traditional financial assets. This enhancement enables users to trade commodities like Gold, Silver, and Crude Oil, as well as major stocks and indices, at any time, eliminating traditional market hour constraints. With this update, BingX becomes one of the few platforms offering continuous access to both crypto and TradFi markets within a single, unified account. The integration simplifies global asset management and supports flexible portfolio strategies. BingX serves over 40 million users worldwide and is a top-five crypto derivatives exchange.

TheNewsCrypto03/27 12:30

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

The article "Perp DEX Midfield Battle: The Declining, The Self-Rescuers, and The Newcomers" discusses the shifting landscape of decentralized perpetual exchanges (Perp DEX). Hyperliquid saw a weekly trading volume of approximately $15 billion, driven largely by commodity contracts like crude oil, gold, and silver amid geopolitical tensions and market volatility. Meanwhile, GMX Labs is hiring a CEO, moving away from its founder-driven model, and dYdX's market share dropped from 73% in early 2023 to single digits by late 2024. The decline of GMX and dYdX is attributed to several factors: reliance on token incentives that inflated trading volumes artificially, architectural limitations (e.g., GMX's liquidity pool model capping open interest, dYdX's costly migration to Cosmos), and misjudging key competitive factors like performance and market maker density. Hyperliquid, in contrast, grew slowly without VC backing or token incentives. It built its own L1 chain with a fully on-chain order book, focusing on transparency to attract market makers. It strategically expanded into traditional assets only after establishing a robust ecosystem, enabling it to capture demand during events like the Iran crisis. It now leads with ~54% of open interest among top Perp DEXs, ahead of Aster (~15%). The article concludes that the first generation of Perp DEXs is transitioning to professional management, while new opportunities lie in replacing traditional financial infrastructure, as Hyperliquid demonstrates by handling real-world demand.

marsbit03/27 09:31

Prediction Markets Take Center Stage, But Perp DEXs Quietly Profit from the US-Iran War

In late February 2025, escalating tensions in the Middle East led to large-scale airstrikes by the U.S. and Israel against Iran, causing significant volatility in global financial markets. While traditional markets were closed during the weekend, investors turned to on-chain platforms to trade assets like gold, oil, and silver. Prediction markets such as Polymarket and Kalshi saw a surge in activity, with war-related contracts driving record trading volumes. However, perpetual decentralized exchanges (perp DEXs), particularly Hyperliquid, also capitalized on the situation. Hyperliquid’s commodities contracts—including gold, oil, and silver—experienced unprecedented liquidity and trading volume, with silver contracts alone reaching over $3.5 billion in daily volume at their peak. The platform’s HIP-3 market, trade.xyz, saw weekend trading volumes hit all-time highs, attracting large institutional and high-net-worth users due to its transparency, lack of trading restrictions, and non-custodial nature. In contrast, centralized exchanges (CEXs), though also offering real-world asset (RWA) trading, lacked the same level of visibility and trust among sophisticated traders. Hyperliquid’s upcoming HIP-4 feature introduces outcome-based contracts for prediction and options-like products, further expanding its role as a platform for pricing uncertainty. The growth of perp DEXs reflects a broader trend toward 24/7, globally accessible financial markets, though regulatory challenges remain a potential risk.

marsbit03/20 03:16

Hyperliquid surges 100x in 6 months as traders pile into RWAs – Details

Hyperliquid (HYPE) has become a major topic in crypto due to surging interest in its on-chain markets for real-world assets (RWAs) like stocks and commodities. Its HIP-3 markets, which allow users to trade derivatives directly on-chain without intermediaries, recently saw Open Interest skyrocket 100x in six months to a record $1.43 billion. This explosive growth is driven by increasing demand for tokenized exposure to traditional financial assets, as traders move beyond crypto tokens to explore markets that mirror TradFi.

ambcrypto03/19 07:10

SEC and CFTC Jointly "Approve": A New Era of Regulation from "How to Regulate" to "What to Regulate"

比推03/18 12:11

US SEC and CFTC Jointly "Unbind": Crypto Assets Are "Digital Commodities" Not "Securities"

The U.S. SEC and CFTC have jointly issued new interpretive guidance clarifying that most crypto assets are not securities. Instead, they are classified as digital commodities, digital collectibles, digital tools, or stablecoins—provided stablecoin issuers do not pay interest. Only tokenized assets that represent traditional financial instruments are considered securities. Key classifications include: - Digital commodities (e.g., Bitcoin, Ethereum) are non-securities whose value derives from utility and market dynamics. - Digital collectibles (e.g., NFTs, meme coins) are for collection or use. - Digital tools (e.g., membership tokens, credentials) serve functional purposes. - Stablecoins are non-securities if they do not pay yields. The guidance also states that DeFi mining, staking, wrapped assets, and airdrops generally do not constitute securities offerings—unless airdrops require active effort (creating an investment contract risk). Notably, a token initially sold as a security can later be reclassified as a non-security if it becomes decentralized or gains utility. This clarity is expected to benefit crypto IPOs (e.g., exchanges like OKX and Kraken), DeFi protocols, and prediction markets like Polymarket by reducing regulatory uncertainty and attracting institutional liquidity. However, increased regulatory alignment may reduce innovation in gray areas and raise compliance costs. Overall, the move signals tighter integration with mainstream finance, potentially ensuring the industry’s broader adoption and stability.

Odaily星球日报03/18 10:18

Breaking! A Historic Turning Point in U.S. Crypto Regulation: A Guide to the New Framework (Essential Edition)

The U.S. SEC and CFTC jointly released a landmark 68-page regulatory framework on March 17, 2026, marking a historic shift in crypto regulation. The framework classifies crypto assets into five categories: Digital Commodities (e.g., BTC, ETH), Digital Securities, Regulated Payment Stablecoins, Digital Tools, and Digital Collectibles. A key innovation is the "Separation" mechanism, allowing assets to transition from securities to commodities once they become decentralized and no longer rely on managerial efforts. The guidance also clarifies that activities like mining, staking, wrapping, and airdrops (without consideration) are generally not securities transactions. This clarity aims to reduce compliance costs, encourage innovation, and solidify U.S. leadership in crypto regulation, ending the "Wild West" era of digital assets.

比推03/18 00:08

Tokenized commodities cross $1B on XRPL! What’s behind this shift?

Tokenized commodities on the XRP Ledger (XRPL) have surpassed $1 billion in value, marking a significant milestone in the adoption of real-world asset (RWA) tokenization. This growth is driven by the increasing institutional and retail interest in leveraging blockchain for commodity trading, which offers benefits like enhanced liquidity, faster settlement, and reduced transaction costs. The XRPL's efficiency, low fees, and robust infrastructure make it an attractive platform for this shift. Key players, including institutional investors and fintech companies, are contributing to this expansion by launching tokenized commodity products. This trend reflects a broader movement towards digitizing traditional assets to improve accessibility and efficiency in global markets.

ambcrypto03/16 08:06