Binance Introduces USDT-Settled Gold And Silver Perpetual Futures

Binance has launched USDT-settled perpetual futures linked to gold and silver, giving traders round-the-clock access to precious metals through a crypto-native derivatives format. The new products, called TradFi Perpetual Contracts, allow users to trade gold and silver price movements without owning the physical assets or using traditional commodity exchanges.

What Are Binance TradFi Perpetual Contracts?

TradFi Perpetual Contracts follow the same structure as crypto perpetual futures. They have no expiry date and use funding fees to keep prices aligned with the underlying spot market. Binance’s version links these contracts to traditional assets rather than cryptocurrencies.

The first two contracts are:

• XAUUSDT, tracking gold prices
• XAGUSDT, tracking silver prices

Both contracts are margined and settled in USDT, Tether’s dollar-pegged stablecoin. They are offered by Nest Exchange Limited, a Binance affiliate regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market.

How Do Gold And Silver Perpetuals Work On Binance?

These contracts mirror commodity price movements while remaining tradable 24 hours a day. Traditional gold and silver futures trade during fixed market hours. Binance’s perpetuals remain open at all times, including weekends and holidays.

To manage this structure, Binance uses several pricing safeguards:

• Price Index: Aggregates data from multiple vendors and updates every second during market hours
• Mark Price: Uses a smoothed calculation during off-hours to reduce sudden price swings
• Deviation Limits: Caps price divergence, such as ±3% for commodities

Funding fees apply every four hours and are capped at ±2%. This keeps contract prices close to spot prices even when underlying markets are closed.

What Leverage And Trading Features Are Available?

The silver contract offers up to 50x leverage, allowing traders to control positions far larger than their posted margin. The minimum notional value is 5 USDT, making the product accessible to smaller accounts.

Additional features include:

• Futures copy trading for silver within 24 hours of launch
• Multi-assets mode, allowing BTC and other crypto to be used as margin
• Access via web, mobile app, and API

Leverage amplifies both gains and losses, making these contracts suitable for experienced traders familiar with derivatives risk.

Why Is Binance Expanding Into TradFi Perpetuals?

Binance is expanding its derivatives suite as crypto traders increasingly look beyond digital assets. Precious metals outperformed much of the crypto market in 2025.

Silver rose 147% during the year, reaching a record price of $83.75 per ounce before settling near $79.84. Gold gained more than 64%, climbing to $4,317. By comparison, Bitcoin ended the year down more than 5%.

Rising inflation concerns and industrial demand, particularly from solar panels and electronics, supported silver prices. These conditions made gold and silver attractive hedging instruments for crypto-focused traders.

What Role Does Regulation Play In This Launch?

The contracts are offered under the Abu Dhabi Global Market framework, where Binance holds a comprehensive set of licenses. Nest Exchange Limited operates as a Recognized Investment Exchange under FSRA supervision.

This regulatory setup allows Binance to offer traditional asset exposure while meeting higher compliance standards. It also reflects a broader trend among licensed digital asset platforms to diversify beyond cryptocurrencies.

"By providing round-the-clock access to conventional assets with a seamless trading experience, we empower users to diversify and manage their portfolios more effectively,” Jeff Li, Vice President of Product at Binance, said. “Backed by strong regulatory compliance and trust, this product creates new opportunities for crypto and TradFi traders on Binance."

How Does This Compare To Traditional Commodity Futures?

Traditional commodity futures have expiry dates and require traders to roll positions into new contracts. Binance’s perpetual format removes that requirement. Positions can be held indefinitely as long as margin and funding conditions are met.

Key differences include:

• No contract expiry or rollover
• 24/7 trading instead of fixed sessions
• Crypto-based settlement using USDT

This structure appeals to traders who want constant access and prefer to manage all positions on a single platform.

What Does This Mean For The Broader Market?

The launch highlights the growing overlap between crypto-native derivatives and traditional financial instruments. It allows traders to hedge commodity exposure or diversify crypto-heavy portfolios without leaving a digital asset platform.

Competing exchanges are moving in a similar direction. Bitget recently expanded its own TradFi trading suite after a private beta focused on gold, forex, and macro assets.

Binance plans to add more TradFi perpetual pairs over time, expanding access to traditional markets through regulated crypto infrastructure.

Conclusion

Binance’s USDT-settled gold and silver perpetuals provide continuous, regulated access to precious metals using a crypto-native derivatives model. With no expiry dates, built-in risk controls, and support for leverage and multi-asset margining, the contracts offer a practical way to trade traditional commodities alongside digital assets on a single platform.

Resources

1. Press release by Binance: Binance Launches First Regulated TradFi Perpetual Contracts Settled in Stablecoin, Starting with Gold and Silver

2. CoinMarketCap portal: Bitcoin price action

3. Report by CoinDesk: Crypto traders can now take leveraged bets on silver via Binance Futures