Binance Launches Regulated Perpetual Futures on Gold and Silver

According to Binance, the firm has rolled out TradFi perpetual contracts on gold and silver, enabling 24/7 USDT-settled trading via its affiliate Nest Exchange Limited.

USDT

Summary

Binance announced the launch of TradFi perpetual contracts linked to traditional assets, starting with gold (XAUUSDT) on January 5 and silver (XAGUSDT) on January 7, 2025. Both contracts are USDT-settled and trade continuously, according to the company's official statement. They are offered by Binance’s affiliate, Nest Exchange Limited, marking a strategic move to broaden the exchange's product offerings beyond cryptocurrency into commodities.

Terms & Concepts
  • Perpetual futures: A type of derivatives contract that has no expiration date, allowing continuous trading and pricing based on an underlying asset.
  • USDT: Tether, a stablecoin pegged to the US dollar, used for settling trades and maintaining price stability in cryptocurrency transactions.