Binance, the world’s largest cryptocurrency exchange by volume, announced today the launch of TradFi Perpetual Contracts, a new category of USDT-settled perpetuals that bring traditional assets into the round-the-clock crypto derivatives market. The inaugural contracts track gold and silver, and Binance says the move gives traders continuous access to conventional markets without the usual constraints of trading hours.
“The launch of TradFi Perpetual Contracts marks a key step in bridging traditional finance and crypto innovation,” Jeff Li, Binance’s VP of Product, said in a statement. “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. Backed by strong regulatory compliance and trust, this product creates new opportunities for crypto and TradFi traders on Binance.”
The first two listings, XAUUSDT and XAGUSDT, represent gold and silver priced and settled in the Tether stablecoin. Binance frames the products as perpetual contracts with no expiry, meaning traders won’t need to roll positions forward as they would with traditional futures. The contracts are USD₮-margined and follow a fee and margin structure aligned with Binance’s existing perpetuals.
Gold and Silver Go Round-the-Clock
Crucially, Binance says these TradFi Perpetuals are offered through Nest Exchange Limited, a Binance entity licensed and regulated under the Abu Dhabi Global Market (ADGM) framework and supervised by the Financial Services Regulatory Authority (FSRA). Binance has previously highlighted that obtaining a comprehensive ADGM license is a major regulatory milestone for the company, and the new product sits squarely inside that structure.
To manage the challenge of offering continuous trading when underlying markets have limited hours, Binance outlined a set of pricing and risk-management rules. The platform aggregates price data into an index that refreshes every second during market hours and holds the last value outside them; a Mark Price runs with a smoothed futures calculation during off-hours to reduce volatility; and deviation constraints are in place to limit divergence between the Mark Price and the Price Index. These mechanisms are designed to keep after-hours trading orderly and reduce the chance of abrupt price swings.
Binance said the new contracts are available on its web platform, mobile app and via API, and that users can find them under a dedicated TradFi tab in Binance Futures. The exchange also signaled plans to expand the roster of TradFi pairs beyond precious metals, promising additional listings as part of its effort to connect traditional finance instruments with the crypto ecosystem.
The launch is notable for its blending of two trends: the industry’s push to bring real-world and traditional assets into crypto-native trading rails, and the broader move by exchanges to lock in formal regulatory permissions in major jurisdictions. By anchoring TradFi Perpetuals to a licensed ADGM entity and settling them in a widely used stablecoin, Binance positions the product to appeal both to existing crypto users seeking portfolio diversification and to more conventional traders curious about the efficiency and liquidity of crypto markets.
As always with newly listed instruments, traders will want to understand the specifics, margin requirements, leverage caps, funding-rate mechanics and regional availability before opening positions. Binance’s support pages and the listing announcements contain the detailed specifications for XAUUSDT and XAGUSDT for anyone looking to dig deeper.
With gold and silver now tradable around the clock on a regulated, USDT-settled platform, Binance is betting that the convenience and continuous liquidity of perpetual contracts will draw a wider mix of participants to crypto derivatives, and that tighter regulatory supervision will make that bridge more palatable to traditional market players.
