Binance adds USDT-settled perpetual futures for gold and silver

The rollout is Binance’s first regulated set of “TradFi” perpetuals, and the initial list is limited to two tickers: XAUUSDT and XAGUSDT.

According to Binance’s announcement, the XAUUSDT contract went live for eligible users on January 5, 2026, with XAGUSDT following on January 7. The products are structured similarly to crypto perpetuals: they have no expiry date, positions are maintained with margin, and pricing is kept close to the underlying market through a funding mechanism. Trading on Binance runs 24/7, even though spot markets for precious metals follow set hours and typically close on weekends.

To reduce gaps between underlying market sessions, Binance described a dedicated pricing model. The price index is built from quotes supplied by multiple data providers and updates every second during the underlying market’s trading hours. Outside those hours, the index is held at the last recorded value. During market hours, the mark price also refreshes every second; during pauses, Binance applies EWMA smoothing to dampen abrupt moves and lower the risk of avoidable liquidations.

Binance also applies a cap on how far the mark price can drift from the index. In its example for commodity contracts such as XAUUSDT, the stated threshold is ±3%.

The launch is being run within Abu Dhabi Global Market (ADGM). Binance says TradFi Perpetual USDⓈ-Margined Futures trade on Nest Exchange Limited, which is regulated by ADGM’s Financial Services Regulatory Authority (FSRA), and that clearing is handled by Nest Clearing and Custody Limited.

The contracts are available via the Binance Futures web interface and app, with a dedicated [TradFi] tab. Cost-conscious traders may also use a Binance discount code. Binance notes the product may be unavailable in certain jurisdictions and does not represent ownership of the underlying metal.