Binance Futures to Launch Silver Contracts with 50x Leverage

Binance Futures is expanding into precious metals with the launch of silver futures contracts on January 7. This marks a significant step beyond digital assets for the platform.

The new silver contract enables leveraged positions up to 50x without owning the actual asset, offering traders larger control over their investments.
The contract is margined and settled in USDT, with a minimum trade size of 5 USDT.
Funding fees are applied every four hours, capped at ±2% to align with spot market prices.
Traders can use cryptocurrencies like Bitcoin as collateral, mitigating volatility through standard haircuts.
Silver's price surged to $80 per ounce on Jan. 6, yielding a 13% return year-to-date, driven by strong industrial demand and economic factors.

This move follows Binance's earlier introduction of gold-linked perpetual contracts and reflects a broader trend among crypto firms tapping into precious metals due to market conditions. Other companies, such as Tether, are also entering this space, exemplified by their recent launch of "Scudo" for fractional gold transactions.