Binance has widened its derivatives suite by adding perpetual futures linked to gold and silver, marking a push beyond purely digital assets.

The move reflects growing demand among crypto-native traders for exposure to traditional safe-haven markets through familiar onchain infrastructure.

By listing precious metals products that trade around the clock and have no expiry date, the exchange is positioning itself at the intersection of commodities and crypto trading.

The launch comes as gold and silver prices have reached fresh records, drawing renewed attention from investors seeking hedges against volatility across global markets.

Precious metals enter crypto derivatives

The exchange said on Thursday that it had launched perpetual futures contracts tied to gold and silver.

The products allow traders to speculate on price movements without holding the underlying metals and without worrying about contract expiration.

Trading is available continuously, mirroring the structure of crypto perpetuals that already dominate derivatives volumes on major exchanges.

The contracts are listed under the symbols XAUUSDT and XAGUSDT. Both are designed to track the market price of gold and silver, respectively.

Instead of physical settlement, positions are settled in Tether’s USDT stablecoin, giving traders onchain exposure to precious metals pricing while remaining within a crypto-based settlement system.

Settlement and market access

By settling the contracts in USDT, Binance is extending the use of stablecoins beyond crypto-native assets into traditional commodity-linked products.

This structure allows traders to gain price exposure without converting funds into fiat currencies or commodity-backed instruments.

It also removes the need for storage, delivery, or custody arrangements associated with physical gold and silver.

The approach highlights how derivatives are being used to mirror traditional financial markets inside crypto trading platforms.

Binance has indicated that additional contracts linked to traditional assets are planned, suggesting that commodities and other non-crypto markets may feature more prominently in future product rollouts.

Regulatory framework in Abu Dhabi

The gold and silver perpetuals are offered through Next Exchange Limited, a Binance entity operating under the Abu Dhabi Global Market framework.

The contracts fall under the supervision of the Financial Services Regulatory Authority, with Binance holding the relevant licences within ADGM.

This regulatory setup is central to Binance’s effort to expand its derivatives catalogue while maintaining compliance in key jurisdictions.

Abu Dhabi has also become relevant for stablecoin usage, with USDT approved for use by regulated companies in the emirate, even as Tether has chosen not to seek authorisation under the European Union’s Markets in Crypto-Assets framework.

Competition and safe haven demand

Binance is not alone in offering precious metals-linked perpetual contracts.

Other exchanges active in this segment include Coinbase, MEXC, BTCC, BingX, and Bybit, although Bybit currently limits its offering to gold-linked perpetuals.

The growing number of platforms listing such products points to rising interest in blending commodity exposure with crypto derivatives trading.

The timing of Binance’s launch aligns with a period of heightened demand for safe-haven assets.

Both gold and silver have recently climbed to new all-time highs, driven by investor appetite for assets perceived as stores of value.

By enabling trading in these markets via USDT-settled perpetuals, Binance is tapping into that demand while keeping activity within its existing derivatives ecosystem.

The post Binance launches gold and silver perpetual futures in expansion beyond crypto appeared first on CoinJournal.

Binance launches gold and silver perpetual futures in expansion beyond crypto

Source: https://coinjournal.net/news/binance-launches-gold-and-silver-perpetual-futures-in-expansion-beyond-crypto/

Check our Market Overview 

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Bitcoin wavered below $101,000 on Thursday, slipping 2.4% as risk assets broadly declined.

The world’s largest cryptocurrency mirrored weakness in US equities, with both the S&P 500 and Nasdaq 100 moving lower amid renewed concerns over the economy and labor market.

Fresh data from employment firm Challenger, Gray & Christmas, revealed more than 153,000 job cuts in October, which is the highest for that month since 2003.

“October’s pace of job cutting was much higher than average for the month,” said Andy Challenger, the firm’s chief revenue officer.

The latest figures added to investor unease, particularly as the ongoing US government shutdown has delayed official employment reports. Analysts suggested the grim data could pressure the Federal Reserve to deliver more rate cuts to support the economy.

“The economy may need more interest-rate cuts from the Federal Reserve,” trading analysis firm The Kobeissi Letter wrote on X, calling the current environment “a new era of monetary policy.”

However, not all market observers are convinced the Fed will move again in December.

Singapore-based trading firm QCP Capital cautioned that a rate cut at the upcoming meeting is “not guaranteed,” noting that markets are pricing only 60–65% odds of a follow-up move.

According to CME Group’s FedWatch Tool, investors currently assign a 69% probability to a 0.25% reduction in December.

A prolonged policy pause, QCP added, could keep the US dollar firm and credit conditions tight — factors that typically weigh on Bitcoin and other risk-sensitive assets.

Institutional outflows pressure Bitcoin sentiment

Beyond macroeconomic concerns, Bitcoin also faces headwinds from waning institutional demand.

QCP Capital pointed to continued outflows from US spot Bitcoin exchange-traded funds (ETFs), which have totaled nearly $900 million over the first three days of the week.

The firm described the $100,000 price level as a key “psychological threshold,” suggesting that any stabilization in ETF flows could quickly shift sentiment — provided no new macro shocks emerge.

Market participants have maintained a cautious tone, with many traders eyeing a potential retracement toward the open “gap” in CME Group’s Bitcoin futures near $92,000 as a possible support level.

Despite the short-term weakness, analysts at JPMorgan see a longer-term opportunity in the recent decline.

JPMorgan says Bitcoin now undervalued relative to gold

In a note quoted by MarketWatch, JPMorgan analyst Nikolaos Panigirtzoglou and his team argued that Bitcoin is now more attractive than gold following its latest pullback.

The bank’s research suggested that the cryptocurrency had previously been “$36,000 too high compared with gold” at the end of last year but is now “around $68,000 too low.”

The shift marks a notable change in tone from the investment bank, which has historically viewed Bitcoin as a speculative asset.

The analysts indicated that Bitcoin’s relative undervaluation could make it appealing to investors seeking alternatives to traditional safe-haven assets.

While institutional outflows have dampened momentum in recent weeks, JPMorgan’s assessment provides a bullish counterpoint, highlighting that the cryptocurrency may have entered oversold territory compared with its long-term benchmarks.

As Bitcoin continues to trade around the $100,000 mark, market participants will be watching whether renewed institutional interest or dovish shifts in monetary policy can reignite the cryptocurrency’s rally in the weeks ahead.

The post JPMorgan sees Bitcoin as more attractive than gold after price dip appeared first on CoinJournal.

JPMorgan sees Bitcoin as more attractive than gold after price dip

Source: https://coinjournal.net/news/jpmorgan-sees-bitcoin-as-more-attractive-than-gold-after-price-dip/

Global central banks are expanding their gold holdings at a pace not seen in decades, a trend that could have major implications for Bitcoin, according to a new report from Deutsche Bank.

The bank’s strategists noted that gold’s share of central bank reserves climbed to 24% in the second quarter, its highest level since the 1990s, marking a renewed confidence in the precious metal amid shifting global monetary dynamics.

Deutsche Bank’s findings highlight how gold’s resurgence and Bitcoin’s momentum in 2025 share several common characteristics, particularly as investors and policymakers seek alternative stores of value in an uncertain economic environment.

Central Banks’ Gold accumulation reaches multi-decade highs

The report shows that official demand for gold has doubled compared to the 2011–2021 average, signaling an intensified effort by central banks to diversify away from fiat currencies.

The strategists described this as a “significant shift in global finance,” echoing patterns seen throughout the 20th century when gold played a dominant role in global reserves.

Gold’s renewed accumulation coincides with its climb past inflation-adjusted all-time highs.

Although gold prices have been setting nominal records for several years, Deutsche Bank noted that only recently has the metal surpassed its real-adjusted peak from 1980.

“It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” the bank’s strategists wrote.

They attributed the decades-long gap between those milestones to a combination of factors, including central bank gold sales, institutional sell-offs, and the rise of the fiat currency era.

The report also recalled that gold’s formal role as a reserve asset ended in 1979 when the International Monetary Fund (IMF) prohibited member countries from pegging exchange rates to gold — a move that cemented the end of the Bretton Woods system.

Bitcoin emerges as a modern parallel to Gold

Deutsche Bank’s macro strategist Marion Laboure explored potential parallels between gold and Bitcoin in a report titled “Gold’s reign, Bitcoin’s rise.”

She observed that both assets have shown similar long-term performance patterns since their inception and share a reputation for high volatility and periods of underperformance.

Laboure emphasized that both gold and Bitcoin have a low correlation with traditional financial assets, making them attractive options for diversification.

These shared traits, she suggested, contribute to their appeal as potential “safe-haven” assets in times of market uncertainty.

While Laboure acknowledged that Bitcoin’s volatility and lack of backing remain major concerns, she noted that volatility has declined to historic lows.

Other challenges — including limited adoption, speculative behavior, cybersecurity risks, and liquidity constraints — continue to limit Bitcoin’s suitability as a mainstream reserve asset, but its trajectory is drawing increasing institutional attention.

Looking ahead: Bitcoin and Gold in central bank reserves by 2030?

Despite lingering skepticism among policymakers, Laboure predicted that both Bitcoin and gold could feature on central bank balance sheets by 2030.

The forecast reflects a gradual convergence between traditional and digital stores of value, particularly as institutional adoption of Bitcoin expands and governments explore ways to diversify their reserves.

Still, she cautioned that Bitcoin’s volatility and perceived risk profile remain key barriers for central banks, whose primary mandate is to preserve capital stability.

The post Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves appeared first on CoinJournal.

Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves

Source: https://coinjournal.net/news/deutsche-bank-sees-parallels-between-gold-and-bitcoin-as-central-banks-boost-gold-reserves/

Bitcoin could rally to $165,000 by the end of 2025, according to analysts at JPMorgan, who argue the cryptocurrency remains undervalued relative to gold on a volatility-adjusted basis.

The projection comes as bitcoin hovers near $119,000, bolstered by growing investor demand for alternative stores of value amid global economic and political uncertainty.

Bitcoin valuation relative to gold

In a report released Wednesday, JPMorgan analysts led by Nikolaos Panigirtzoglou said the bitcoin-to-gold volatility ratio has fallen below 2.0, meaning bitcoin now consumes about 1.85 times more risk capital than gold.

On that basis, they estimate bitcoin’s $2.3 trillion market capitalization would need to rise by roughly 42% — translating into a price of about $165,000 — to align with the $6 trillion invested privately in gold through exchange-traded funds (ETFs), bars, and coins.

The analysis marks a notable shift compared with the end of 2024, when JPMorgan calculated bitcoin was $36,000 overvalued relative to gold. Now, they suggest it is undervalued by approximately $46,000.

“This mechanical exercise thus could imply significant upside for bitcoin,” the analysts wrote.

The latest outlook builds on an earlier forecast from August, when the bank projected a year-end bitcoin price of $126,000.

Since then, rising gold prices have improved bitcoin’s relative attractiveness, prompting JPMorgan to revise its implied target upward.

The rise of the “debasement trade”

JPMorgan’s analysts framed the bullish scenario within what they call the “debasement trade,” a growing movement among investors seeking protection against inflation, government deficits, geopolitical risks, and declining trust in fiat currencies.

Both bitcoin and gold have benefitted from this trend, with inflows into ETFs tracking the two assets rising significantly over the past year.

According to the report, retail investors have been the driving force behind the surge, particularly in bitcoin ETFs. Inflows into spot bitcoin funds accelerated in the first half of 2025, before easing somewhat in August. At the same time, gold ETFs began attracting stronger demand, narrowing the gap in cumulative inflows between the two asset classes.

The analysts noted that while institutional investors have participated through CME futures contracts, positioning in futures has been weaker compared with ETF inflows, highlighting the retail tilt of the debasement trade.

A bullish consensus emerging

Bitcoin’s potential upside, as highlighted by JPMorgan, adds to a broader wave of bullish calls heading into the final quarter of the year.

Several other analysts and firms have floated forecasts of bitcoin reaching $200,000, underscoring heightened optimism around the asset.

At present, bitcoin is trading near $119,000, leaving room for significant gains if JPMorgan’s $165,000 target materializes.

The upward revision reflects both relative valuation dynamics with gold and the broader macro environment driving demand for non-traditional stores of value.

Whether bitcoin achieves JPMorgan’s implied valuation will depend on the persistence of investor appetite for the debasement trade and its ability to compete with gold for capital allocation.

For now, the report highlights bitcoin’s evolving role alongside precious metals as a key hedge against economic and political risks.

The post JPMorgan sees Bitcoin climbing to $165,000 by year-end, citing gold valuation gap appeared first on CoinJournal.

JPMorgan sees Bitcoin climbing to $165,000 by year-end, citing gold valuation gap

Source: https://coinjournal.net/news/jpmorgan-sees-bitcoin-climbing-to-165000-by-year-end-citing-gold-valuation-gap/

A hopeful rally in the cryptocurrency market was decisively crushed on Thursday, as steady selling pressure throughout the US trading session sent prices into a familiar retreat.

The failed bounce underscores a growing sense of fatigue in the digital asset space and throws a stark and revealing light on the silent, powerful ascent of its analog rival: gold.

After a brief flirtation with the 113,000 dollar level, Bitcoin (BTC) was beaten back, sinking to 111,800 late in the session for a loss of 0.7 percent over the past 24 hours.

The selling was even more pronounced in other major tokens, with Ether (ETH) and XRP shedding a more sizable 2.1 percent and 1.4 percent, respectively.

The one notable bright spot in a sea of red was Solana’s SOL, which managed to buck the trend with a respectable 3.1 percent gain.

A silent ascent to the summit

While the crypto market grapples with its own inertia, a different story is unfolding in the world of precious metals.

Quietly, but with unshakable conviction, gold has been on the rise. The yellow metal added another 0.8 percent on Thursday, climbing to 3,477 dollars per ounce.

This puts the safe-haven asset just a few dollars shy of the record high of 3,534 dollars it touched earlier this month.

The performance in August paints an even more dramatic picture of this great divergence: while Bitcoin has slid 5.2 percent, gold has rallied by nearly 4 percent.

The great disconnect

This decoupling is the great mystery currently haunting the market.

The very same macroeconomic tailwinds that are propelling gold higher—namely, the prospect of lower interest rates and a weaker US dollar—are conspicuously failing to ignite any significant bid for “digital gold.”

The fundamental case for Bitcoin as an inflation hedge and a store of value is being put to a severe test, and for now, it is failing.

A September showdown looms

The stage is now set for a potentially volatile final four months of the year.

The resumption of Federal Reserve rate cuts appears to be firmly on the table for September, a move that could be amplified by President Trump’s appointment of one or possibly two new, likely dovish, members to the Fed’s board.

As these powerful forces converge, the market is watching to see if Bitcoin can finally catch the golden tailwind or if its strange and troubling disconnect is a sign of a deeper malaise.

The post Bitcoin remains under pressure as gold targets a new all-time high appeared first on CoinJournal.

Bitcoin remains under pressure as gold targets a new all-time high

Source: https://coinjournal.net/news/bitcoin-remains-under-pressure-as-gold-targets-a-new-all-time-high/

JP Morgan analysts expect Bitcoin to outperform gold for the rest of the year.

The research firm predicts this performance on the back of more US institutions buying Bitcoin and a zero-sum trade where Gold is losing lately.

Gold’s blitz fading

Gold had a strong start to 2025, racing to a 28% gain in its 52-week peak at $3,509.9 per ounce on April 22.

At that time, Bitcoin was down 3% for the year till then.

This rally was largely fueled by heightened geopolitical tensions, escalating US-China trade tensions, and persistent global recession fears fueled by tariffs, which drove significant safe-haven buying.

Central bank purchases also played a role in this upward trajectory.

A JP Morgan analyst in an earlier note said that momentum in gold’s price could push it to $6,000 over the next four to five years.

This surge would be fueled by a change in investors’ preference towards US investments.

A debasement trade where investors buy gold and Bitcoin as a hedge against weakening international currencies has turned into a zero-sum game in 2025, JP Morgan analysts noted.

Gold was the asset that was gaining, and Bitcoin was losing in this arrangement until recently, they said.

Since April’s peak, Gold prices have declined by 8% while Bitcoin has gained by 18%.

The analysts noted that this performance has reflected in investor appetite as well.

Data indicating the flow of money showed that money was taken out of gold exchange-traded funds (ETFs) and being poured into spot bitcoin and crypto funds since April, JP Morgan said.

Bitcoin ETFs have attracted over $40 billion in inflows since their approval in 2024.

In futures data, the gold position has declined while bitcoin has been trending upwards.

Catalyst for Bitcoin

The surge in Bitcoin price was also supported by companies and US institutions, either buying the crypto asset or encouraging the buying with supporting regulations.

Strategy, a business intelligence company, has plans to buy $84 billion worth of bitcoin by 2027 in two separate $42 billion plans.

The company said it has already met 60% of the first $42 billion buying project.

Prominent hedge funds like Citadel, Millennium, and Susquehanna have also invested in the crypto asset.

Major companies like Tesla, Coinbase, Block, and MetaPlanet have also added Bitcoin to their reserves.

US states are also buying bitcoin to pad their reserves. New Hampshire recently became the first US state to pass a crypto bill.

Under the new rule, the state can invest up to 10% of its public funds in Bitcoin and precious metals.

Arizona also passed a Bitcoin reserve bill into law and promises no increased taxes.

Analysts said that as more US states make rules to invest in Bitcoin, it could act as a “sustained positive” catalyst for Bitcoin.

The post Bitcoin to outperform gold in second half of 2025: JP Morgan appeared first on CoinJournal.

Bitcoin to outperform gold in second half of 2025: JP Morgan

Source: https://coinjournal.net/news/bitcoin-to-outperform-gold-in-second-half-of-2025-jp-morgan/

Bybit and FXStreet have released a joint report forecasting that gold could rise to $4,000 per ounce by the end of 2025, driven by a combination of macroeconomic pressures, technical momentum, and increasing investor aversion to traditional assets.

The report comes on the heels of gold reaching an all-time high of around $3,500 per ounce last month, marking a 26% gain year-to-date and a 41% jump over the past 12 months.

Over the same period, the S&P 500 has declined 11%, highlighting gold’s renewed strength as a safe-haven asset.

Safe-haven demand intensifies

Investors are reallocating capital into gold in response to persistent inflation, a weakening US dollar, and deteriorating real returns in equity and bond markets.

The metal’s traditional role as a hedge against currency devaluation has resurfaced, with both central banks and private investors seeking shelter from fiat instability.

Adding to this flight to safety are escalating concerns over US trade policy under President Donald Trump, which has reignited fears of a global tariff war.

The report added:

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions.

The report notes that capital is being pulled from vulnerable currencies—including the euro, yen, yuan, and peso—into gold, which offers liquidity and political neutrality.

Bullish technical setup

From a technical standpoint, indicators remain supportive of further gains.

The MACD remains in positive territory, with the 12-day moving average above the 26-day, signaling sustained bullish momentum.

Meanwhile, the RSI at 60 reflects ongoing strength without tipping into overbought levels.

Analysts expect gold to consolidate near $3,500, a key resistance level, before targeting $4,000 by year-end, assuming macroeconomic and geopolitical headwinds persist.

Silver: the overlooked hedge

The report also points to silver as a compelling diversification opportunity.

Though trailing gold in performance, silver remains well below its 2011 peak of $50 per ounce and may benefit from both defensive capital flows and rising industrial demand, particularly from green energy and infrastructure sectors.

For investors seeking broader exposure, silver’s asymmetric upside presents an attractive hedge.

The post Bybit-FXStreet report sees gold hitting $4,000 by end-2025 appeared first on CoinJournal.

Bybit-FXStreet report sees gold hitting $4,000 by end-2025

Source: https://coinjournal.net/news/bybit-fxstreet-report-sees-gold-hitting-4000-by-end-2025/

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