The report has identified commodities as the primary growth driver, with trading volume increasing more than 65,000% during the quarter.
Crypto derivatives exchange BitMex has released its Q1 2026 derivatives report on 9 April, highlighting a sharp rise in trading activity for traditional finance (Tradfi) perpetual swaps, driven by increased demand for tokenised commodities and equities. Equity perpetuals also saw significant growth, rising more than 900% According to the report, Tradfi perpetual swaps grew from 0.03% of total crypto derivatives volume in December 2025 to 1.72% by the end of Q1 2026, reaching US$30.7 billion