Binance Launches First Traditional Asset Perpetual Contract on XAU (Spot Gold)

BlockBeats News, December 11th, according to official website information, Binance Futures has added support for trading Traditional Asset XAU (Spot Gold) perpetual contracts.

According to a previous announcement, Binance today launched Traditional Asset Perpetual Contracts under the brand name "TradFi Perps." The main difference between TradFi Perps and U-based perpetual contracts is the trading hours of the underlying assets. Unlike cryptocurrencies that trade 24/7, traditional assets (such as XAU) usually follow a 24/5 trading schedule with 1 hour of daily maintenance time, and are subject to scheduled and unscheduled market closures.