Binance barely needed a full quarter to seize control of a new product category that most rivals barely saw coming. The exchange’s ETF perpetual contracts have now cleared more than $116 billion in cumulative trading volume since their March 2026 debut, pushing Binance’s market share in the segment to 74%, according to the original report. The number is more than a growth metric—it marks a structural quickening in how traditional financial instruments get absorbed by crypto-native infrastructure.