Binance began to provide perpetual contracts for gold and silver that settle in USDT. As demand for metals goes up, this makes it easier for more people to buy traditional safe-haven assets.
Binance has expanded its list of derivatives to include new perpetual futures contracts tied to gold and silver. This is because more people want to put their money into safe-haven markets.
On Thursday, Binance said it had added gold and silver perpetual futures, which let investors trade the metals 24/7 without a set end date.
The contracts are paid for in Tether’s USDt USDT $1 stablecoin. This means that traders can watch how the prices of precious metals move on the blockchain without actually owning the metals.
In a statement, Binance said that the new products, XAUUSDT and XAGUSDT, are aimed to follow the values of gold and silver and link traditional financial markets with the infrastructure for crypto trading. The exchange also said that it plans to offer more traditional contracts related to assets.
The Financial Services Regulatory Authority (FSRA) oversees Binance’s perpetual contracts. The company got its licenses through Next Exchange Limited, a Binance company, within the Abu Dhabi Global Market (ADGM) framework.
Jeff Li, Binance’s vice president of product, stated that the new contracts represent a “key step in bridging traditional finance and crypto innovation,” adding that they are backed by “strong regulatory compliance and trust.”
Coinbase, MEXC, BTCC, BingX, and Bybit are other exchanges that offer perpetual contracts related to precious metals. Bybit solely offers perpetual gold contracts.
Gold and silver prices hit fresh all-time highs as demand grows
Binance’s offer comes after a time when there was a lot of demand for the world’s most valuable metals, which both reached new all-time highs.
According to data from goldprice.org, gold and silver prices hit new all-time highs in December. Gold’s price peaked at $4,549 per ounce on December 26, and silver’s price peaked at $83 per ounce on December 28.
In the last year, both gold and silver did better than Bitcoin, which dropped by around 5%. In 2025, gold went up 67% and silver went up 152%. At the time of writing, gold was selling for $4,424 per ounce and silver was selling for more than $75.60.
In December, tokenised commodities also reached new all-time highs, mirroring the rise in precious metals as a whole.
As Tether’s presence grows, Binance has decided to pay the contracts in USDT. The company has decided not to apply for permission under the European Union’s Markets in Crypto-Assets framework because they are worried about how the laws relate to stablecoins. At the same time, USDT has been recognised by some governments, such Abu Dhabi, where regulated businesses can utilise it.