Binance has launched perpetual futures contracts based on traditional assets that track gold and silver, offering futures products linked to traditional financial markets while following regulations, The Block reported on Jan. 8.

The contracts are settled in the U.S. dollar-pegged stablecoin tether (USDT) and keep the existing crypto futures structure that allows 24-hour trading.

The first products include XAUUSDT, which tracks gold, and XAGUSDT, which tracks silver. They are offered through Nest Exchange Limited, a Binance affiliate approved by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).

Binance stressed it is the first global digital asset platform to obtain a full set of licences under the ADGM framework, allowing it to offer regulated derivatives based on traditional assets. The Block reported that the new perpetual futures keep the same fee structure and settlement system as existing crypto perpetual futures, while featuring a mechanism that supports stable price formation and risk management even when traditional markets are closed.

Jeff Li, Binance’s vice president of product, said, "This launch has enabled users to maintain continuous access to traditional assets through a familiar derivatives format." He said it would "serve as a new bridge connecting traditional finance and the crypto market."