Binance Users Register Record Gold Futures Trading Activity – What This Means
The Binance exchange has registered a surge in derivatives activity triggered by an ongoing pullback in gold’s price. The highly priced commodity and world’s largest asset has experienced a steady price decline since around February amid exacerbating geopolitical tensions and concerns about global inflation levels. Related Reading: Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash Binance Users Show Heavy Interest In Gold Market In an X post by renowned analyst Darkfost, gold has declined by more than 17% from its all-time high above $5,300,....
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Gold (XAU) and silver (XAG) futures have climbed into the top five by trading volume on Binance Futures. Binance Metal Rush Doesn’t Leave Crypto Behind Just weeks after Binance rolled out gold and silver perpetual futures settled in USDT, the cumulative volume across the metals contracts already reached the tens of billions of dollars, a CryptoQuant report from yesterday claims. However, CryptoQuant’s analyst Marteen assures that Binance is still overwhelmingly crypto‑native. Bitcoin leads the futures volume around the low‑$20‑billion range with Ethereum following behind at $18.1B and....
Binance expanded its product suite on January 5 with the launch of gold futures trading, offering users 24/7 access to price exposure on the precious metal. The move reflects a broader trend within digital asset platforms: the convergence of traditional macro assets and crypto-native infrastructure. By introducing round-the-clock gold derivatives, Binance is positioning itself at […]
After declining to around $65,500 on Friday, Bitcoin appears to be recovering slowly this weekend. Having briefly reclaimed the $67,000 level on Saturday, March 28, the premier cryptocurrency seems to be enjoying a brewing bullish momentum. According to the latest on-chain data, the Bitcoin price might be preparing for a broader expansion to the upside over the next few weeks. BTC Net Short Positions Jump 52% In Two Days In a recent post on the social media platform X, popular crypto trader Ali Martinez shared an insight into the general sentiment among the crowd in the world’s....
New leverage limits on Binance Futures will soon apply to existing users with registered futures accounts of less than 30 days. Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection.After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday.“We didn't want to make this a thingy,” the CEO said, noting that the new restrictions will be applied “over....
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board.
Products Offered Unchanged
Almost a year after Binance blocked South African users from accessing its futures trading platform, the crypto exchange has said perpetual and delivery futures contracts are now available to eligible users from the country. In a....