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Binance Introduces XAUUSDT and XAGUSDT TradFi Perpetual Contracts

According to Binance, new gold and silver perpetual contracts settle in USDT and trade 24/7 via its Nest Exchange Limited affiliate.

USDT

Summary

Binance announced the rollout of TradFi Perpetual Contracts linked to gold (XAUUSDT) and silver (XAGUSDT), starting on Jan. 5 and Jan. 7 respectively. Offered by affiliate Nest Exchange Limited, these contracts settle in USDT and operate around the clock. The launch expands Binance’s product range into traditional asset-backed instruments within its derivatives market.

Terms & Concepts
  • TradFi: Short for traditional finance, referring to conventional financial systems and instruments outside of decentralized finance (DeFi).
  • Perpetual contracts: A type of futures contract with no expiration date, allowing traders to speculate on asset prices indefinitely.
  • XAUUSDT and XAGUSDT: Trading pairs representing gold (XAU) and silver (XAG) priced in Tether (USDT), a stablecoin pegged to the U.S. dollar.