This article discusses Binance's creation of USDT-settled perpetual contracts for gold and silver. Recently, I saw something very interesting on Binance: TradFi perpetual contracts, starting with gold (XAU/USDT) and silver (XAG/USDT), settled in USDT. At first glance, it seems like just two more trading pairs, but I think its real value lies in its product design, which largely eliminates the difference between TradFi and crypto. Simply put, it doesn't let you buy gold, but rather allow you to perpetually trade gold price fluctuations—the familiar perp interface and order placement habits, but with a traditional asset instead of the underlying asset. More importantly, without an expiration date, there are no transaction costs associated with rollovers. Combined with 24/7 continuous trading, the entire rhythm is more like the crypto market. ### Three Key Points 1️⃣ Regulatory Sustainability Many people's biggest fear in derivatives trading isn't making the wrong move, but rather the uncertainty of the regulatory framework. This brief clearly states the core: it emphasizes regulated, stablecoin-settled TradFi sustainability, and highlights Binance as the only provider of this combination. What does this mean? It means it's more like a long-term, cross-market product, rather than a short-term gimmick. 2️⃣ The value of 24/7 is that it allows you to manage macroeconomic risks using the same system. Traditional gold and silver trading hours are limited, but market sentiment and event risks don't wait for you to open the market. TradFi continuously incorporates the pre-market, after-market, and night trading experience, allowing you to react more quickly to sudden risks or opportunities. Simply put, if a major event suddenly occurs on the weekend, you don't have to wait until Monday. 3️⃣ USDT settlement + a single margin system greatly enhances strategy execution. This is most intuitive for crypto traders; it means you no longer need to use fiat currency channels, exchange currency, or move money across platforms. You can directly use USDT to incorporate traditional asset volatility into your position management. Furthermore, it supports using USDT perpetual contracts and portfolio margin to amplify exposure, which is more efficient for those doing cross-asset allocation or macro trading. ‼️ However, I also want to remind you of a risk management detail that many people overlook: Because you might be trading when the underlying market is closed, the biggest fear is that prices will be swayed by noise or hit by abnormal fluctuations. Binance's design uses "price indices," "marked price smoothing," and "deviation limits" to maintain fairness and stability, even emphasizing risk control during underlying market closures. I think this mechanism is very important, but you also need to adapt your trading strategy to the market closure period, using limit orders, reducing leverage, and shrinking positions. Don't assume that 24/7 trading guarantees equally good execution at all times. ### Some Useful Information • XAUUSDT (Gold): Available to eligible markets on 2026/01/05 • XAGUSDT (Silver): Listed on 2026/01/07 • Access: [TradFi] tab in Binance Futures (near the trading pair search bar) ### Personal Summary I think this isn't just about Binance adding gold and silver; it's about doing something more fundamental: making cross-market trading pathways more product-oriented, allowing you to use a consistent, sustainable language to handle TradFi volatility and macroeconomic risks. If they continue to expand into more TradFi assets, it's like pushing Binance further towards becoming a one-stop cross-market trading platform. ### Source Binance Announcement: PR Newswire Press Release: