- Crypto-native investors are becoming defensive, using mainstream assets as a tool.
- Data reveals that futures on the Gate exchange anchor the book at approximately 80%.
- Metals currently generate the majority of Gate Exchange’s TradFi activity.
CryptoQuant analyst Moreno has used data from the crypto-native Gate exchange to reveal how crypto-native investors are rotating into mainstream assets, such as stocks and precious metals. In his latest publication, Moreno noted that futures on the Gate exchange anchor the book at approximately 80%, while spot has compressed from around 35% in early 2025 to low double digits.
A Significant Shift in Crypto-Native Investor Behavior
Beyond the above metrics, the analyst identified TradFi’s emergence, noting that the asset class moved from effectively zero to “a visible, widening band through 2026.” According to Moreno, users are beginning to treat the Gate exchange as a multi-asset venue rather than exclusively a place to trade cryptocurrencies.
The analyst supported his position with weekly data, revealing that TradFi activity on Gate has experienced several sharp expansion phases, followed by consolidation above its initial baseline. He considers that a suggestion that demand is not limited to a single launch-driven event. According to him, users are repeatedly returning to the market when equities, commodities, or macroeconomic narratives offer stronger opportunities than crypto.
Related: Bitget TradFi Volume Doubles to $4B as Crypto Traders Expand Into Global Markets
Metals Dominate TradFi Trading on Gate
Focusing on metals, the analyst noted that they currently generate the majority of Gate Exchange’s TradFi activity. He identified gold and silver-related instruments as the leaders among the participating metals. Moreno said this trend reflects demand for defensive assets and macro hedges during periods of crypto uncertainty. However, Oil remains comparatively small in the scheme of things, while equities represent a lower but strategically important share.
In the meantime, the analyst narrowed his equities observation to the sectors with the highest traction in trading activity. According to him, the trading activity is distributed across technology, artificial intelligence, crypto-linked and high-beta names, including Nvidia, Tesla, Circle, Coinbase-related exposure, and other major growth companies.
What Crypto Users Are Doing
Moreno deduced from the current trend that crypto users are increasingly embracing stock exposure without moving capital back into a conventional brokerage account. He noted that by integrating US stocks and ETFs, including fractional trading and USDT-based access, Gate can convert an emerging behavioral trend into a broader product ecosystem.
Related: TradFi Tightens Grip on Bitcoin as Retail Traders Fade
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