币安推出TradFi永续合约，USDT结算让黄金白银能24/7全天候交易

Binance Launches TradFi Perpetual Contracts Settled in USDT for 24/7 Trading of Gold and Silver, Deepening Integration Between Traditional Finance and Crypto Markets Under ADGM Regulatory Framework

【This article is provided by Binance】

Binance, the world’s largest cryptocurrency exchange by trading volume and user base, today announced the official launch of Traditional Finance (TradFi) Perpetual Contracts. This innovative product category enables users to trade traditional assets through perpetual contracts settled in $USDT , further expanding Binance’s derivatives product line, unlocking 24/7 access to diverse traditional finance market exposure, and creating brand new trading opportunities.

Binance Vice President of Products Jeff Li stated: “The launch of TradFi Perpetual Contracts represents an important step in connecting traditional finance with crypto innovation. By providing round-the-clock access to traditional assets combined with a seamless and secure trading experience, we help users more effectively diversify and manage their investment portfolios. Supported by robust regulatory compliance and trust, this product creates exciting new opportunities for both crypto traders and traditional finance participants on the Binance platform.”

Binance has become the first global digital asset trading platform to obtain a full license under the Abu Dhabi Global Market (ADGM) regulatory framework, setting a new standard for digital asset regulation. TradFi Perpetual Contracts are provided by Binance subsidiary Nest Exchange Limited, which operates as a “Recognized Investment Exchange” regulated by the Financial Services Regulatory Authority (FSRA) under ADGM.

The inaugural TradFi perpetual contracts launched are XAU/USDT and XAG/USDT, corresponding to the precious metals gold and silver respectively. Binance is actively expanding more trading pairs to further deepen the connection between traditional finance and crypto markets.

This new product launch allows existing cryptocurrency users to access traditional finance instruments, while also enabling traditional market participants to explore digital assets on Binance’s regulated platform. This further demonstrates Binance’s leadership in the industry, committed to continuously expanding user choices while strictly adhering to high regulatory standards, and deepening the integration between traditional finance and crypto markets.

TradFi Perpetual Contracts are designed around a simple and seamless trading experience, with perpetual contracts that have no expiration date and eliminate the need for contract rollovers. Traders can use these products to hedge between traditional and digital assets, diversify investments, and enhance portfolio strategies.

Key Advantages and Features of TradFi Perpetual Contracts

• 24/7 Traditional Market Exposure: Unlike traditional markets that only operate during specific hours, Binance’s TradFi Perpetual Contracts support continuous round-the-clock trading, covering pre-market, after-hours, and night trading sessions, providing global users with greater flexibility and accessibility.
• Simple, Transparent Trading Experience: TradFi Perpetual Contracts are settled in USDT, using a familiar settlement currency, and adopt the consistent fee structure of Binance’s existing perpetual contracts, allowing users to achieve cross-asset diversification in an intuitive and cost-effective manner on a trustworthy platform.
• Leverage to Amplify Trading Returns: Users can amplify market exposure through leverage mechanisms, supporting diverse risk tolerances and trading strategy needs.
• Robust Pricing Mechanism and Advanced Risk Management: Even when trading hours for underlying assets are limited, Binance maintains continuous trading. To ensure fair pricing and effectively manage risks during non-trading hours, Binance employs multi-layered pricing and risk management mechanisms:
• Price Index: Aggregates market data from multiple data providers, updating every second during trading hours; during non-trading hours, the price index maintains its last value to ensure price stability.
• Mark Price: Updates every second during trading hours; during non-trading hours, uses a smooth futures price calculated using Exponential Weighted Moving Average (EWMA) to reduce the risk of severe price volatility.
• Deviation Constraints: Sets limits on deviations between the mark price and price index (for example, the deviation range for commodity contracts XAUUSDT is ±3%), effectively controlling risk in a continuous trading environment.

TradFi Perpetual Contracts can be traded through Binance’s web version, mobile app, and API. Users simply need to log in to their Binance account, navigate to Binance Contracts, and find the【TradFi】tab below the trading pair search bar to browse and trade available TradFi Perpetual Contracts.