Binance launches its first perpetual contract for a traditional asset, XAU (spot gold).
TL;DR
Binance has launched its first perpetual contract for a traditional asset, XAU (spot gold), under the 'TradFi Perps' brand. Unlike crypto contracts, these trade on a 24/5 schedule with daily maintenance and market closures.
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On December 11, according to information on the official page, Binance has added perpetual contracts for traditional assets XAU (spot gold) to its trading platform.
As previously announced, Binance launched traditional asset perpetual contracts today, branded "TradFi Perps". The main difference between TradFi Perps and USDT-based perpetual contracts lies in the trading hours of the underlying assets. Unlike cryptocurrencies that trade 24/7, traditional assets (such as XAU) typically operate on a 24/5 trading model, with one hour of maintenance daily, and are affected by scheduled and unscheduled market closures.