Over $6B: XAUT Futures Volume Rewrites Records On Binance
A gold-backed crypto token jumped from 453rd place to fifth among the most actively traded perpetual pairs on Binance — all within a matter of weeks.
Binance does not list XAUT for spot trading. Access to the token itself is available through the Binance Web3 Wallet or decentralized exchanges. The exchange limits its direct offering to perpetual futures, meaning all of that $6.40 billion in daily volume is derivatives activity — not direct purchases of the token.
XAUT currently carries a market cap of $2.54 billion and a fully diluted valuation of $3.21 billion. Each token is backed one-to-one by a troy ounce of physical gold meeting LBMA Good Delivery standards. The gold is held in vaults in Switzerland and issued by Tether on the Ethereum and Tron networks.
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Binance Expands Its Real-World Asset Offerings
The record volume arrives as Binance moves to add more real-world asset products. Reports indicate the exchange is set to launch perpetual pairs for METAUSDT, NVDAUSDT, and GOOGLUSDT on March 26, each offering up to 10x leverage. The expansion signals growing platform interest in bridging traditional financial assets with crypto derivatives markets.
Whether XAUT’s volume holds at these levels remains to be seen. The token went from a footnote in Binance’s rankings to one of its most traded products in a single quarter — a move few would have predicted at the start of the year.
Featured image from Shutterstock, chart from TradingView
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