Binance Launches Gold and Silver Perpetual Futures to Meet Safe-Haven Demand
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- New Contract Launch: Binance has introduced gold and silver perpetual futures, allowing investors to trade around the clock, which meets the growing demand for safe-haven assets and further expands its derivatives market.
- Stablecoin Settlement: The new contracts are settled in Tether's USDT, enabling traders to access price movements in precious metals on-chain without direct ownership, enhancing trading flexibility.
- Regulatory Compliance: These contracts are licensed under the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market framework, demonstrating Binance's commitment to bridging traditional finance and crypto innovation.
- Market Performance: Over the past year, gold rose by 67% and silver by 152%, while Bitcoin declined by 5%, indicating the strong performance of precious metals in the safe-haven market, which further drives demand for Binance's new contracts.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
