Binance Launches TradFi Perpetuals for Gold and Silver Trading

Binance Launches TradFi Perpetuals for Gold and Silver

Binance introduced TradFi Perpetuals, allowing trade of gold and silver through futures contracts:

Contracts: XAUUSDT for gold and XAGUSDT for silver, settled in USDT.
No expiry dates; tradable anytime, even when traditional markets are closed.
Leverage available, suitable for hedging and short-term strategies.
Accessible via Binance Futures on the website and app under a dedicated tab.

Pricing is managed with a structured risk model to handle off-hours trading, tracking an index from multiple data providers during market hours. The mark price adjusts using a smoothed futures calculation outside of those hours.

Regulatory Framework and Future Plans

Offered by Nest Exchange Limited, regulated by Abu Dhabi Global Market's Financial Services Regulatory Authority.
Aims to bridge traditional finance and digital trading systems.
Plans to expand to other traditional assets beyond gold and silver.

Separately, Binance flagged four altcoins (ACA, D, DATA, and FLOW) for potential delisting.