Binance has officially launched TradFi Perpetual Contracts. These are regulated USDT-settled perpetual futures contracts that provide exposure to traditional finance (TradFi) assets, starting with precious metals.
The initial offerings are: XAUUSDT tracking gold, listed on January 5, 2026. XAGUSDT tracking silver, listed on January 7, 2026. Key features include: 24/7 trading with no expiration dates. Leverage up to 50x depending on the contract. Settlement and margin in USDT. Special pricing mechanisms to handle periods when traditional markets are closed (e.g., fixed price index outside trading hours, smoothed mark price).
The products are offered through Nest Exchange Limited, a Binance entity regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi’s ADGM framework, emphasizing compliance. Binance plans to expand with more TradFi asset pairs in the future, aiming to bridge crypto and traditional markets while allowing users to diversify portfolios and hedge with familiar perpetual futures mechanics.
This marks Binance’s entry into regulated derivatives for non-crypto assets like commodities, following hints from late 2025 API updates about potential stock-linked perps.
These USDT-settled, regulated perpetual futures offer 24/7 trading, leverage up to 50x, and special pricing mechanisms for when traditional markets are closed. They are provided through Nest Exchange Limited under Abu Dhabi’s ADGM regulatory framework.
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Binance has repeatedly stated it is “actively working to expand the offering with more trading pairs” to bridge crypto and traditional markets further. However, no specific details on upcoming assets—such as stocks, equities, or indices—have been shared in official announcements or press releases.
Background on Stock Perps Speculation
Late 2025 API updates (e.g., a new endpoint for “TradFi-Perps agreement contract”) sparked speculation about potential stock-linked perpetuals, as reported by outlets like The Block.
This followed Binance’s 2021 halt on tokenized stocks due to regulatory issues. While these updates suggest internal preparations for broader TradFi assets possibly including equities, no launch timeline or confirmation for stocks has emerged yet.
If stock perpetuals are added, they would likely follow the same regulated, USDT-settled model to comply with global rules. For now, the focus remains on commodities like gold and silver.
Implications of Binance’s TradFi Perpetual Contracts Launch (Gold & Silver)
Binance’s rollout of regulated USDT-settled perpetual futures for precious metals— XAUUSDT for gold and XAGUSDT for silver, marks a significant evolution in crypto derivatives. Offered through Nest Exchange Limited under Abu Dhabi’s ADGM regulatory framework, these products combine crypto trading mechanics with traditional asset exposure.
Provides crypto users with seamless, familiar access to commodities like gold and silver using perpetual futures no expiry, leverage up to 50x, USDT settlement. Enables 24/7 trading, even when traditional markets are closed, via special mechanisms— fixed price index off-hours, smoothed mark price, deviation limits like ±3%.
Attracts traditional investors to crypto platforms by offering regulated exposure to safe-haven assets, potentially increasing cross-over adoption. Binance positions itself as a pioneer in regulated hybrid products, with plans for more pairs— hinting at stocks/indices based on prior API updates.
Crypto traders can now hedge volatility with gold/silver exposure without leaving the ecosystem—ideal amid recent precious metals outperformance like silver’s strong gains from industrial demand in solar/electronics. Leveraged trading amplifies opportunities for speculation on macro events (inflation, fiscal uncertainty) while using stablecoin margins.
Reduces reliance on pure crypto assets, helping users manage risk in bearish or uncertain markets. First global crypto platform with a full suite of ADGM licenses, exchange, clearing, custody via Nest entities, setting a benchmark for compliant TradFi-crypto integration.
Avoids past issues like Binance’s 2021 tokenized stocks halt due to regulation by using derivatives rather than direct tokenization. Boosts trust and institutional appeal, as products adhere to high standards while mirroring crypto perp fees/structures.
Expands Binance’s dominance in derivatives beyond crypto, competing with platforms like Bybit (gold only), MEXC, BTCC. Reinforces USDT’s role as the primary settlement stablecoin for on-chain TradFi exposure.
Signals broader industry trend: Exchanges diversifying into RWAs/commodities amid maturing crypto markets and growing tokenized asset interest. Potential for increased liquidity in precious metals derivatives, with off-hours trading possibly influencing global price discovery over time.
High leverage up to 50x amplifies losses, especially with funding rates and off-hours price controls. Regional restrictions may apply; not all users eligible due to regulatory variances. While regulated in ADGM, global adoption depends on local laws like the U.S. scrutiny on offshore perps.
This launch accelerates the convergence of crypto and TradFi, empowering users with innovative tools while prioritizing compliance. Binance has emphasized ongoing expansions, so watch for announcements on additional assets.