Binance Launches TradFi Perpetuals for Gold and Silver Trading

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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.