- Products listed as XAUUSDT and XAGUSDT are designed to track gold and silver prices on-chain.
- The contracts operate under FSRA oversight in Abu Dhabi via the ADGM framework.
- Other major exchanges already offer perpetual contracts tied to precious metals, reflecting rising demand.
Binance has expanded its derivatives lineup by launching perpetual futures linked to gold and silver, moving beyond purely digital assets.
This development reflects growing demand among crypto-native traders for exposure to traditional safe-haven markets using familiar on-chain infrastructure.
By listing metals that trade around the clock with no expiry, the exchange positions itself at the intersection of commodities and crypto trading.
The launch comes as gold and silver reach new highs, drawing renewed interest from investors seeking protection from volatility in global markets.
Precious metals enter crypto derivatives
The exchange announced Thursday that it had introduced perpetual futures contracts tied to gold and silver.
These products allow traders to speculate on price movements without holding the physical metals and without concern for contract expiration.
Trading is available continuously, mirroring the structure of crypto perpetuals that dominate derivatives volume on major platforms.
The contracts are listed under the symbols XAUUSDT and XAGUSDT and are intended to track the market prices of gold and silver respectively.
Rather than physical settlement, positions are settled in Tether’s USDT stablecoin, giving traders on-chain exposure to metal prices while remaining within a crypto-based settlement system.
Settlement and market access
By settling the contracts in USDT, Binance extends stablecoin use beyond crypto-native assets into traditional commodity-related products.
This structure enables traders to gain price exposure without converting funds to fiat or using physically-backed commodity instruments.
It also eliminates the need for storage, delivery, or custody of physical gold and silver.
The approach underscores how derivatives are used to mirror traditional financial markets within crypto brokers.
Binance has indicated additional contracts tied to traditional assets are planned, suggesting commodities and other non-crypto markets may play a larger role in future product launches.
Regulatory framework in Abu Dhabi
The gold and silver perpetuals are offered via Next Exchange Limited, a Binance entity operating under the Abu Dhabi Global Market framework.
The contracts fall under the supervision of the Financial Services Regulatory Authority, and Binance holds the relevant licenses within ADGM.
This regulatory structure is central to Binance’s efforts to expand its derivatives catalog while maintaining compliance in key jurisdictions.
Abu Dhabi has also become relevant for stablecoin use: USDT is approved for use by regulated firms in the emirate, while Tether has opted not to seek authorization under the European Union’s Markets in Crypto-Assets framework.
Competition and safe-haven demand
Binance is not alone in offering perpetual contracts linked to precious metals.
Other exchanges operating in this segment include Coinbase, MEXC, BTCC, BingX and Bybit, though Bybit currently limits its offering to gold-linked perpetuals.
The growing number of platforms providing such products points to rising interest in combining commodity exposure with crypto derivatives trading.
The timing of Binance’s launch aligns with a period of increased demand for safe-haven assets.
Both gold and silver have recently climbed to new highs, driven by investor appetite for assets seen as stores of value.
By enabling trading in these markets via USDT-settled perpetuals, Binance responds to that demand while keeping activity within its existing derivatives ecosystem.