Binance launches regulated TradFi perpetual contracts settled in USDT, starting with gold and silver
Binance launched regulated perpetual futures for traditional assets like gold and silver, settled in USDT, through its regulated entity Nest Exchange Limited.Summary
Binance has introduced regulated perpetual futures contracts linked to traditional financial assets, beginning with gold (XAUUSDT) and silver (XAGUSDT) settled in USDT. These “TradFi Perpetual Contracts” provide 24/7 access to conventional assets using a perpetual futures structure similar to those in crypto markets. The contracts are offered by Nest Exchange Limited, a Binance entity regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), making Binance the first global digital asset platform with a comprehensive ADGM license. These contracts mirror existing crypto perpetuals in fees and settlement, but utilize risk management tailored for traditional market closures. This launch follows indications of broader interest from crypto exchanges in TradFi markets, including previous API updates hinting at stock-linked contracts, and coincides with a shift in capital flows towards equities, commodities, and precious metals.
(Source：The Block)