Recently, several exchanges in the cryptocurrency space (especially led by Binance) have collectively launched perpetual contracts for gold (XAUUSDT), silver (XAGUSDT), and U.S. stocks related (such as the upcoming TSLAUSDT). I believe this primarily represents the following core signals:
1. The deep integration of the cryptocurrency market with traditional finance (TradFi) is accelerating.
These contracts represent the first large-scale introduction of regulated traditional asset derivatives by cryptocurrency exchanges, settled in USDT, enabling 24/7 uninterrupted, high-leverage trading. This bridges the two ecosystems of crypto and TradFi, allowing traditional investors to trade gold, silver, and U.S. stocks with leverage without leaving the crypto platform.