Binance has launched its first regulated perpetual futures tied to traditional assets. The initial contracts track gold (XAUUSDT) and silver (XAGUSDT) and settle in the USDT stablecoin.
The new products, called TradFi Perpetual Contracts, give traders round-the-clock access to conventional assets using the same perpetual futures structure common in crypto markets. Unlike traditional futures, perpetual contracts have no expiry date and use funding mechanisms to keep prices aligned with the underlying asset.
The contracts are issued by Nest Exchange Limited, a Binance entity regulated by the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). Binance said it is the first global digital asset platform to secure a full set of licenses under the ADGM framework for such regulated contracts.
The launch reflects a wider push by crypto exchanges to expand into traditional markets. Binance has hinted at future stock-linked perpetual contracts, while tokenized real-world assets on blockchain surpassed $1 billion in assets by late 2025. Analysts note rising interest in commodities and equities as flows into Bitcoin have cooled.
Binance also faces renewed scrutiny. A Financial Times report alleges that Binance continued to process high-risk transactions even after a $4.3 billion settlement with U.S. authorities in 2023. Binance rejected the framing, but the findings have raised questions about governance and compliance.
Investors and traders now have regulated access to gold and silver futures through crypto infrastructure, while the broader market watches how these TradFi perpetuals perform and whether Binance will expand into other traditional assets.
