The crypto space has a new gameplay. After a leading exchange launched stock tokens in the wallet section, today it directly opened a TradFi zone in the contract area—traditional financial futures are officially live.
The first product targets the king of hedging: London Gold XAU/USDT perpetual contracts. This thing is a bit different from those 24/7 crypto contracts—traditional assets like gold follow the old-school approach—trading all day on weekdays (24 hours x 5 days), with one hour daily for system maintenance, and closed on weekends.
Interestingly, the platform previously had a gold stablecoin PAXG, which is a token backed by physical gold. This time, they directly launched futures contracts settled entirely in USDT, with lower barriers and more flexible leverage.
The boundary between traditional finance and the crypto world has once again become blurred.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
APY_Chaser
· 12-14 11:03
Golden futures enter the crypto world, now they're really going big.
View OriginalReply0
GateUser-3824aa38
· 12-11 11:55
Gold futures enter the crypto space, now it’s really hard to distinguish from traditional finance. It feels like the entire industry is moving towards the middle...
View OriginalReply0
DAOTruant
· 12-11 11:45
Golden futures entering the crypto world? Now it really feels like everything can be tokenized. It seems like the exchanges are building their own financial supermarket.
View OriginalReply0
failed_dev_successful_ape
· 12-11 11:27
Gold futures are here. Is the next step to directly move into oil and bulk commodities? Is crypto really consuming traditional finance?
The crypto space has a new gameplay. After a leading exchange launched stock tokens in the wallet section, today it directly opened a TradFi zone in the contract area—traditional financial futures are officially live.
The first product targets the king of hedging: London Gold XAU/USDT perpetual contracts. This thing is a bit different from those 24/7 crypto contracts—traditional assets like gold follow the old-school approach—trading all day on weekdays (24 hours x 5 days), with one hour daily for system maintenance, and closed on weekends.
Interestingly, the platform previously had a gold stablecoin PAXG, which is a token backed by physical gold. This time, they directly launched futures contracts settled entirely in USDT, with lower barriers and more flexible leverage.
The boundary between traditional finance and the crypto world has once again become blurred.