COINPURO - Crypto Currency Latest News logo COINPURO - Crypto Currency Latest News logo
Finbold 2026-03-25 17:58:54

Tokenized Gold hits an all-time high in perp volume on Binance

Tether Gold ( XAUT ), a tokenized gold asset, smashed its previous daily perpetual trading volume record on March 23 on Binance. As XAUT traded at approximately $4,552 on March 25, its perpetual trading, a crypto derivatives product that allows traders to speculate on the price of gold without ever owning the actual asset, peaked on the largest cryptocurrency exchange by trading volume. On Monday, the XAUT perpetual volume on Binance spiked to $6.40 billion, thereby climbing to become the fifth most traded perpetual pair on the exchange, according to data from CryptoQuant . Earlier this month, XAUT’s perpetual volume on this exchange hovered around $2 billion, representing a 220% increase to date. Historically, a significant rally in XAUT’s perp volume has coincided with the underlying price surge, potentially signaling a market rebound. XAUT perpetual volume on Binance YTD. Source: CryptoQuant Tokenized gold demand surge coincides with bearish sentiment The notable surge in perpetual trading for tokenized gold on Binance has coincided with a cautious price outlook. Traders on Binance have been scrambling to gain exposure to gold and other precious metals, which have broadly been in a bull market over the past year. However, XAUT’s price, which tracks that of physical gold, has signaled potential bullish exhaustion ahead of a possible market reversal. While geopolitical tensions in the Middle East have historically supported gold prices as a safe-haven asset, the current macro environment, in which global central banks signal no near-term rate cuts to combat inflation driven by elevated energy prices, has introduced headwinds that may weigh on gold’s near-term trajectory. XAUT 30-day chart. Source: Finbold During the past 30 days, the price of XAUT fell by 12.33% to reach $4,552 at press time. Over the past seven days, XAUT dropped a further 6.7%, reducing its market capitalization to approximately $2.5 billion, according to CoinMarketCap’s data . ​ The post Tokenized Gold hits an all-time high in perp volume on Binance appeared first on Finbold .

La maggior parte ha letto le notizie

coinpuro_earn
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta