Binance launches its first perpetual contract for a traditional asset, XAU (spot gold).

According to its official website, Binance has added perpetual contracts for the traditional asset XAU (spot gold) to its trading platform.

As previously announced, Binance launched perpetual contracts for traditional assets today, branded as "TradFi Perps." The main difference between TradFi Perps and USDT-margined perpetual contracts lies in the trading hours of the underlying asset. Unlike cryptocurrencies, which 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.