Binance Launches Gold and Silver Futures Contracts, Offering 24-Hour Trading of Traditional Assets

On January 8, Binance announced the launch of 'TradFi Perpetual Contracts,' perpetual futures contracts linked to traditional financial assets. This marks the first time a cryptocurrency exchange has ventured into regulated trading products for conventional assets. The first phase saw the listing of gold (XAUUSDT) on January 5 and silver (XAGUSDT) on January 7. Both contracts are settled in USDT stablecoin, allowing for trading 24/7, 365 days a year. The products are offered by Nest Exchange Limited, a related company approved by the Financial Services Regulatory Authority of Abu Dhabi Global Market, ensuring compliance with...