Binance Adds USDT-Settled Silver Perpetual Futures with up to 50x Leverage
Binance has launched a US dollar–priced silver perpetual futures contract on Binance Futures, offering crypto traders direct exposure to silver prices per troy ounce. The contract is margined and settled in Tether (USDT), has a minimum notional of 5 USDT, and supports up to 50x leverage. Funding fees are charged every four hours with a cap of ±2%. Trading opened at 10:00 UTC (13:00 Istanbul time) and the product will be available for copy trading within 24 hours. Under multi-asset margin mode, traders can post cryptocurrencies such as Bitcoin (BTC) as collateral with volatility-based haircuts. Binance’s silver perp follows its recent gold perpetual launch and arrives amid a strong 2025 precious‑metals rally—silver rose about 147% to a peak near $83.75/oz while gold gained ~64%—driven by inflation concerns and industrial demand. The offering broadens commodity exposure for crypto investors but raises risk considerations for leveraged traders due to high leverage, funding‑fee mechanics, and collateral haircut rules. This is not investment advice.
Neutral
The launch expands trading products and increases on‑ramp options for crypto traders, which is generally supportive for trading volume and derivatives activity. However, the announcement is about a commodity‑linked derivative (silver) rather than a cryptocurrency, so its direct price impact on major crypto assets is limited. Short-term, the product may boost trading volumes on Binance and attract margin activity using crypto collateral (e.g., BTC), potentially increasing volatility in margin usage and funding flows. Long-term, adding commodity perps can deepen derivatives liquidity and product diversification for crypto markets, but the high leverage (up to 50x) and four‑hour funding with a ±2% cap raise counterparty and liquidation risks that could transmit stress during sharp silver price moves. Overall, the direct price effect on cryptocurrencies is ambiguous—supportive for trading activity but not clearly bullish for crypto prices themselves—so the net classification is neutral.