Binance Futures, the derivatives arm of the world’s largest cryptocurrency exchange by trading volume, will launch a silver perpetual contract on Wednesday, allowing cryptocurrency traders to make leveraged bets on the precious metal’s outperformance in 2025.
Perpetual futures contracts (PERPS) are derivatives that allow traders to bet on the price of an asset without owning it and without an expiration date, using a funding rate (usually every few hours) to keep the price in line with the spot market. Their unlimited duration, high leverage options, and 24/7 access have made them popular in the cryptocurrency space, generating billions in daily trading volume on exchanges.
Launched at 10:00 UTC, the contract offers up to 50x leverage per troy ounce of U.S. dollar-denominated silver, allowing traders to control positions 50x larger than deposited margin and amplify gains and losses.
it has margins and is attached to a tether The exchange said in an official announcement that the world’s largest USD-pegged stablecoin has a minimum nominal value of 5 USDT. Trading these perpetual futures will incur a funding fee every four hours, capped at ±2%.
The upcoming product launch comes just weeks after the exchange debuted a gold-linked perpetual contract, signaling a growing shift among cryptocurrency traders toward the precious metal, which saw its performance surge last year.
Silver achieved a staggering 147% gain in 2025, once hitting a record of $83.75 per ounce. As of this writing, it’s changing hands for $79.84. Gold soared more than 64% to $4,317, while Bitcoin, the leading cryptocurrency by market capitalization, ended the year down more than 5%.
Both precious metals gained strength on fiscal and inflation concerns, while silver gained additional momentum from surging demand for solar panels and electronics.
Binance said in the announcement that the silver contract will be available for futures copy trading within 24 hours of launch. The multi-asset model also allows traders to use cryptocurrencies such as BTC as margin collateral, rather than just USDT, and discount based on price fluctuations.
Binance is the first major exchange to offer silver-linked perpetual contracts, building on a trend started by relatively smaller exchanges like MEXC and BTCC.