Binance Launches Gold and Silver Perpetuals in Abu Dhabi, Expanding Derivatives Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Contract Launch: Binance introduced USDT-settled perpetual contracts for gold and silver on January 5 and 7, marking a pivotal expansion into traditional financial derivatives on its regulated Abu Dhabi platform, thereby enhancing its derivatives offerings.
- Market Demand: This initiative not only addresses the growing demand for safe-haven assets but also facilitates round-the-clock trading of traditional assets, promoting portfolio diversification for crypto traders and increasing market participation.
- Regulatory Advantage: As the first exchange to obtain comprehensive licenses in Abu Dhabi, Binance sets a benchmark for the integration of traditional finance and crypto innovation, which is expected to attract significant interest from traditional finance sectors.
- Strategic Consistency: The launch of these high-leverage contracts aligns with Binance's previous strategies of introducing commodity perpetuals, reflecting its ongoing commitment to innovative solutions and potentially providing a blueprint for other exchanges to enhance market stability.
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.
