Binance Launches Futures for Gold and Silver in USDT Ecosystem

Binance Takes Significant Steps in Precious Metal Trading

Binance has launched perpetual futures contracts tied to gold and silver, thus extending its derivatives offering beyond digital assets amid a growing demand for exposure to traditional safe-haven markets. These contracts allow investors to trade metals 24/7 without an expiration date, being settled in the stablecoin USDT, enabling traders to access price movements of precious metals.

The new products, named XAUUSDT and XAGUSDT, are designed to track the prices of gold and silver, aiming to create a bridge between traditional financial markets and crypto trading infrastructure. Binance has stated its intention to offer additional contracts linked to traditional assets in the future.

Binance's contracts are regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). Jeff Li, vice president of products at Binance, emphasized that these contracts represent a "significant step in bridging traditional finance and crypto innovations," supported by "strong regulatory expertise and trust."

Binance's decision to settle contracts in USDT coincides with the expansion of Tether's presence as USDT has gained regulatory recognition in certain jurisdictions, including Abu Dhabi. Recently, gold and silver have reached new historic highs, and the demand for these metals has significantly increased amid geopolitical tensions and the weakening of the US dollar.