Binance Futures, the derivatives division of the world's largest cryptocurrency exchange, has launched perpetual futures contracts for silver, enabling crypto traders to take leveraged bets on the precious metal. The XAGUSDT contract went live on January 7, 2026, at 10:00 UTC.
The contract offers up to 50x leverage on silver priced in U.S. dollars per troy ounce. It is margined and settled in Tether's USDT stablecoin, with a minimum notional value of 5 USDT. As a perpetual contract, it has no expiry date and uses a funding fee mechanism, settled every four hours and capped at ±2%, to keep its price aligned with the spot silver market.
This launch follows Binance's recent introduction of gold perpetuals and signals a growing trend of crypto traders diversifying into precious metals. In 2025, silver dramatically outperformed the crypto market, rallying 147% to a record high of $83.75 per ounce, driven by fiscal concerns, inflation, and surging industrial demand from sectors like solar panels and electronics. Gold also surged over 64%, while Bitcoin ended the year down more than 5%.
Binance noted that the silver contract will be available for futures copy trading within 24 hours of launch. Furthermore, its Multi-Assets Mode will allow traders to use cryptocurrencies like Bitcoin (BTC) as margin collateral, subject to haircuts for volatility, instead of being limited to USDT. Binance is the first major exchange to offer silver perpetuals, building on a trend initiated by smaller venues like MEXC and BTCC.
