Binance Futures, the derivatives arm of the world’s largest crypto exchange by trading volume, launched a silver perpetual contract on Wednesday, allowing crypto traders to make leveraged bets on the preeminent precious metal in 2025.
A perpetual futures contract, or “PERP”, is a derivative product that allows a trader to bet on the price of an asset without owning it, without an expiration date, and using funding rates, typically hourly, to match the price with the spot market. Due to its infinite duration, high leverage options, and 24/7 access, it is extremely popular in the cryptocurrency space, generating billions of daily trading volumes across exchanges.
The contract opens at 10:00 UTC and offers up to 50x leverage on silver priced in USD per troy ounce, allowing traders to control positions of 50x their deposited margin, amplifying both profits and losses.
Margined and settled with Tether USDT$0.9990is the world’s largest dollar-pegged stablecoin, with a minimum notional value of 5 USDT, the exchange said in an official announcement. Trading these perpetual futures incurs a funding fee of up to ±2% every 4 hours.
The impending launch comes weeks after the exchange debuted gold-related perpetual trading, showing that crypto traders are increasingly diversifying into the precious metal, dramatically outperforming the crypto market last year.
Silver rose an astonishing 147% in 2025, hitting a record price of $83.75 per ounce at one point. As of this writing, the trade has changed at $79.84. Gold rose more than 64% to $4,317, while Bitcoin, the top cryptocurrency by market capitalization, ended the year down more than 5%.
Both precious metals rallied on fiscal and inflation concerns, while silver gained further momentum from a surge in demand for solar panels and electronics.
Binance said in an announcement that the Silver contract will be available for futures copy trading within 24 hours of launch. Multi-asset mode allows traders to use cryptocurrencies such as BTC as well as USDT as margin collateral, and haircuts are applied to account for price fluctuations.
Binance is the first major exchange to offer perpetual trading tied to silver, building on a trend pioneered by smaller exchanges like MEXC and BTCC.
