Binance Launches Gold and Silver Perpetual Futures Contracts
- Binance introduced perpetual futures contracts for gold (XAUUSDT) and silver (XAGUSDT), allowing round-the-clock trading without expiration.
- The contracts are settled in Tether’s USDt (USDT), providing on-chain access to precious metals’ price movements.
- Gold peaked at $4,549 per ounce and silver at $83 per ounce in December due to rising safe-haven demand amid geopolitical tensions.
- Over the past year, gold rose by approximately 67% while silver increased by about 152%, outperforming Bitcoin’s decline of around 5%.
- Binance’s new products are regulated under the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.
The launch of these futures contracts represents a significant step for Binance in merging traditional finance with cryptocurrency trading infrastructure, especially as demand for safe-haven assets rises.
With gold trading at $4,424 per ounce and silver above $75.60, Binance’s offerings cater to investors seeking exposure to precious metals through crypto channels.(Source)
