Whereas silver inventories on COMEX proceed to say no, Binance’s newly launched gold and silver perpetual futures have already surpassed $70 billion in buying and selling quantity inside weeks.
The sharp convergence throughout metals and crypto derivatives markets alerts surging demand for twenty-four/7 artificial publicity to valuable metals.
Binance recorded over $70 billion in buying and selling quantity throughout its XAU/USDT and XAG/USDT perpetual contracts.
🔥BINANCE’S GOLD & SILVER DERIVATIVES SURPASS $70B IN WEEKS
Binance has recorded over $70BILLION in buying and selling quantity throughout its newly launched XAUUSDT and XAGUSDT perpetual futures, highlighting sturdy demand for twenty-four/7 onchain publicity to gold and silver worth actions. pic.twitter.com/hBl60xzoiX
— Coin Bureau (@coinbureau) February 20, 2026
It factors to a powerful urge for food for always-on, on-chain entry to gold and silver worth actions. The milestone highlights how merchants are more and more turning to crypto-native platforms to achieve publicity to metals with out conventional market-hour constraints.
On the similar time, bodily silver dynamics are tightening. Silver backing futures maintain falling, with the March-to-Might contract roll reaching 30 million ounces per day. This tempo may clear the present open curiosity.
“At that pace, COMEX is out of silver by February 27,” wrote funding specialist Karel Mercx, including that from April onward, the market dangers a bodily scarcity except significant inflows arrive within the coming weeks.
The construction of the futures curve provides to the urgency. When adjusting for financing prices similar to SOFR (Secured In a single day Financing Charge) and storage, the March–Might unfold is approaching backwardation. This situation successfully alerts rapid demand for bodily metallic over future supply.
In carry-adjusted phrases, backwardation alerts that bodily silver is extra helpful now than later.
Rising futures costs can intensify this dynamic, as increased ahead pricing encourages speculative shopping for. It additionally prompts producers and holders to retain bodily provide in anticipation of additional appreciation, pulling further metallic out of the market.
In the meantime, gold volatility has surged, with its 30-day volatility at its highest degree since 2008. The surge displays heightened macro uncertainty and speedy shifts in positioning throughout derivatives markets.
Gold’s 30-day volatility is on the highest degree since 2008. Supply: Funding researcher Hedgeye on X
The structural shift towards round the clock buying and selling just isn’t restricted to crypto exchanges. CME Group introduced that starting Might 29, crypto futures and choices will commerce 24 hours a day, seven days every week on CME Globex, pending regulatory overview.
The crypto market does not sleep. Now, your danger administration does not should both. 🕐
24/7 buying and selling for Cryptocurrency futures and choices is coming Might 29*, so you possibly can handle your danger when it’s essential to.
See what’s altering. ➡️ https://t.co/DQt7os6uFX
*Pending regulatory overview pic.twitter.com/i6xjkJVffm
— CME Group (@CMEGroup) February 19, 2026
CME reported a file $3 trillion in notional quantity throughout crypto futures and choices in 2025, citing record-high demand for digital asset danger administration.
12 months-to-date 2026 information present common each day quantity up 46% year-over-year and futures ADV up 47%, reinforcing sustained institutional participation.
The event can also cut back the danger of weekend worth gaps. This may permit markets to reply immediately to geopolitical or macro shocks. Notably, the function is already native to crypto exchanges like Binance.
Taken collectively, the surge in derivatives exercise, accelerating silver stock drawdowns, elevated gold volatility, and the normalization of 24/7 buying and selling recommend markets are getting into a structurally completely different section.
As bodily provide tightens and monetary entry expands, merchants are positioning for potential shortage in each metals vaults and digital order books.
