Cryptocurrency exchange Binance has exceeded $70 billion in commodity trading volume following the introduction of gold and silver futures. The platform’s stablecoin reserves have also grown significantly, surpassing $45 billion and now representing 65% of all stablecoins held on centralized exchanges. This concentration of capital coincides with a rebound in precious metals prices and growing stablecoin supply amid evolving regulatory discussions.
The world’s leading crypto exchange, Binance, has surpassed $70 billion in commodity trading volume after launching gold and silver futures trading early this year. The expansion places the exchange among the top platforms broadening beyond traditional digital assets to capture new speculative and hedging demand.
Binance offers 24/7 trading through USDT-margined perpetual futures contracts for gold (XAUUSDT) and silver (XAGUSDT). These contracts provide synthetic, non-physical exposure to price movements, which have rebounded over the past week.
In a parallel development, Binance‘s stablecoin reserves have surpassed $45 billion. The exchange’s reserves now hold 65% of all stablecoins on centralized exchanges, referring specifically to USDT and USDC balances in exchange-controlled wallets.
As the U.S. prepares for a potential regulatory overhaul, stablecoins on exchanges are accumulating. Loosened regulations have reportedly hyped the stablecoin market and sparked increased supply over the past year.
With Binance housing the majority of this stablecoin reserve, capital continues to concentrate on its platform. However, precious metals are also gaining traction, positioning the exchange to potentially capitalize on two emerging markets.
