Binance Launches TradFi Perpetual Contracts for Traditional Assets

Binance has launched TradFi Perpetual Contracts, offering perpetual futures trading for traditional assets such as precious metals. This marks a significant expansion beyond cryptocurrency derivatives. The platform aims to provide traders with continuous exposure to traditional markets through leveraged contracts. The move reflects growing institutional interest in cross-asset trading platforms.

The first product under this new offering is the silver perpetual contract, introduced with up to 50x leverage. The XAGUSDT perpetual futures contract is set in USDT and operates 24/7. This product allows traders to speculate on silver price movements with enhanced leverage.

The contract is part of Binance's broader TradFi Perps framework, alongside gold perpetuals launched earlier.

Bitget also recently expanded into TradFi markets, opening its trading suite to all users after a successful beta. The platform reported over $100 million in single-day trading volume during the beta period. This highlights the strong demand for cross-asset trading and the competitive landscape emerging in the space.

Why Did This Happen?

Binance's move aligns with broader trends in tokenization and market integration. Bernstein analysts predict a 'tokenization supercycle' in 2026, forecasting stablecoin supply to grow 56% year-over-year to $420 billion. This growth is driven by crypto markets, cross-border payments, and major fintech players entering the space.

The introduction of TradFi Perps also comes amid regulatory developments. The Office of the Comptroller of the Currency has approved conditional banking charters for crypto firms like Circle and Binance, signaling a more open regulatory stance. These approvals facilitate the integration of crypto and traditional financial services.

How Did Markets React?

The market response to Binance's new product has been largely positive. Bitcoin and Ethereum ETFs have seen strong inflows, with BlackRock's iShares Bitcoin Trust leading the way. The broader crypto market continues to see institutional participation increase.

Ethereum's recent fork also contributed to market optimism, as it enhanced the network's scalability. Analysts at Coindesk noted the fork's significance in supporting further growth in decentralized applications.

What Are Analysts Watching Next?

Analysts are closely monitoring how the new TradFi Perps will compete with existing platforms. CME Group reported a record 28.1 million average daily volume in 2025, including strong performance in metals and cryptocurrencies. The introduction of silver and gold perpetuals by Binance positions it to challenge traditional derivatives players.

The regulatory environment will also be a key factor. The White House is considering Democratic nominees for the Commodity Futures Trading Commission (CFTC), which could influence oversight of prediction and crypto markets. This development is particularly important as Congress debates crypto market structure legislation.

Investor sentiment remains bullish, with Bitcoin and Ethereum showing strong support levels. Bernstein predicts Bitcoin could reach $150,000 in 2026. Ethereum's recent price recovery and increased ETF inflows reinforce this optimism.

The move into traditional assets by crypto platforms also reflects a broader trend of financial convergence. Morgan Stanley has filed for two new crypto ETFs, signaling further institutional adoption. This trend is likely to continue as regulatory clarity improves and market demand grows.