Binance's XAUT gold perpetual contracts hit $2B daily volume, surging 1,300x since Dec 2025.

Binance's Tether Gold (XAUT) perpetual contracts have surged to about $2 billion in daily trading volume, up from just $1.5 million in December 2025, marking a 1,300-fold increase. XAUT even peaked at $6.4 billion in daily volume in March 2026, making it the fifth most-traded perpetual pair on Binance alongside major cryptocurrencies like BTC and ETH. Unlike spot gold tokens, XAUT contracts are leveraged futures used for speculation rather than holding physical gold. This rapid growth reflects rising demand for tokenized gold derivatives and Binance's expanding offerings in real-world asset (RWA) contracts, signaling a shift in trading preferences on the platform.