Tag: Positive

  • Circle Obtains Limited Purpose Trust Charter from NYDFS

    Circle Obtains Limited Purpose Trust Charter from NYDFS

    Circle has secured a limited purpose trust charter from the New York Department of Financial Services (NYDFS), enabling it to operate under the name Circle New York Trust. This regulatory approval is a key development in the company’s strategy to enhance its operational framework for digital assets within the United States.

    The newly chartered Circle New York Trust will be supervised by the NYDFS. The entity is authorized to hold digital assets for customers and function in a fiduciary capacity, as permitted by New York banking law. It is important to note that a limited purpose trust company, unlike a traditional bank, cannot accept customer deposits or issue loans.

    This charter represents an expansion of Circle’s existing regulatory standing in New York, building upon the BitLicense it was granted in 2015. Circle CEO Jeremy Allaire described the acquisition of the trust charter as a long-standing objective and a significant milestone. “This charter reflects over a decade of regulatory commitment and positions USDC within a strong, respected framework as digital dollars become central to the global financial system,” Allaire stated.

    The NYDFS charter is the latest in a series of strategic regulatory and operational moves by Circle. Earlier in the month, the company received approval from the Office of the Comptroller of the Currency to establish a national trust bank, a move that allows Circle to integrate key USDC operations into a federal banking framework and offer digital asset custody services.

    Furthermore, Circle recently acquired nearly 1,000 blockchain patents from IBM. The company intends to leverage this portfolio across its USDC stablecoin, the Circle Payments Network, and its Arc blockchain.

    In reaction to the news of the NYDFS charter, Circle’s shares rose 8.4% on Friday, trading around $68.40, according to Yahoo Finance.

    Collectively, the NYDFS trust charter and the recent OCC approval underscore Circle’s commitment to strengthening its market position in the digital asset sector through robust regulatory compliance and expanded operational capabilities.

    Why This Matters

    The materials describe a narrow update: Circle has been granted a limited purpose trust charter by the NYDFS, allowing it to operate as Circle New York Trust. The charter places Circle New York Trust under the supervision of the New York Department of Financial Services.

    Broader Context

    Source materials place the factual news in this context: Circle has received a limited purpose trust charter from the New York Department of Financial Services (NYDFS), giving the USDCstablecoinissuer another regulatory approval as it expands its operations.

  • Evernorth Amends SEC Filing, Outlines $1 Billion XRP Treasury and Nasdaq Listing Plans

    Evernorth Amends SEC Filing, Outlines $1 Billion XRP Treasury and Nasdaq Listing Plans

    Evernorth, a Ripple-backed company, has filed an amended SEC registration statement that formalizes employment agreements for key senior executives and details its strategy to establish a $1 billion XRP treasury. The company also reiterated its intention to list on the Nasdaq under the ticker XRPN.

    Filing Details and Executive Formalization
    The amended Form S-4 filing outlines the employment terms for Jessica Jonas, Sagar Shah, and Meg Nakamura. According to the filing, Jessica Jonas is set to receive an equity award valued at approximately $4.5 million. Sagar Shah and Meg Nakamura are each slated to receive equity awards worth around $2.8 million, pending shareholder approval. These incentive packages are part of Evernorth’s 2026 Omnibus Incentive Plan. The filing also suggests that Asheesh Birla’s equity award remains valued at approximately $44 million.

    Evernorth’s XRP Treasury Strategy
    Central to the filing is Evernorth’s plan to build a $1 billion XRP treasury, targeting roughly 473 million XRP. This allocation represents approximately 0.8% of XRP’s current circulating supply. The company’s implied cost basis for this XRP acquisition is noted at about $2.44, significantly higher than XRP’s current trading price of around $1.06.

    The strategy, if completed, could lead to a reduction in the open market supply of XRP, potentially strengthening the long-term supply reduction narrative. The filing suggests that the transaction is progressing, as evidenced by the formalization of executive compensation.

    Nasdaq Listing and Regulatory Pathway
    Furthermore, Evernorth’s intention to list on the Nasdaq under the ticker XRPN indicates a move towards operating within a regulated U.S. securities framework. This pathway could potentially facilitate easier access for compliant institutional capital.

    However, significant uncertainties remain. The exact timeline for SEC clearance of the S-4 filing is not specified. The market’s current pricing of these plans is also a key question, with XRP trading well below Evernorth’s implied cost basis.

    Market Implications and XRP Price Context
    Potential risks include SEC delays, broader macroeconomic weakness, or a decisive break below key support levels for XRP, which currently sits near $1.00. A break below this level could expose XRP to the $0.85 to $0.90 area. Conversely, reclaiming $1.10 could improve momentum, with the next resistance zone identified between $1.14 and $1.15.

    Analysts suggest that while XRP’s institutional thesis is compelling, the current price levels require patience for upside to conservative targets around $2.80, with an invalidation risk near $0.98, approximately 9% below the current spot price. The success of Evernorth’s strategy hinges on SEC approval of the filing, the completion of its XRP treasury, and the Nasdaq listing.

    Related Developments
    In related developments, LiquidChain ($LIQUID), a Layer 3 infrastructure project aiming to fuse Bitcoin, Ethereum, and Solana ecosystems, is currently in its presale phase, priced at $0.01485, having raised approximately $926,000 to date. LiquidChain’s architecture features Single-Step Execution and a Deploy-Once model designed to address cross-chain fragmentation.

    Why This Matters

    The materials describe a narrow update: Evernorth filed an amended Form S-4 with the SEC, formalizing employment agreements for senior executives and outlining plans for a $1 billion XRP treasury. Whether the market has already priced in Evernorth’s XRP treasury and Nasdaq listing plans.

    Broader Context

    Source materials place the factual news in this context: Evernorth amended its SEC registration statement again.

  • Max Open Interest Shifts for SOXLUSDT, DRAMUSDT Perpetual Contracts (Aug 1, 2026)

    Max Open Interest Shifts for SOXLUSDT, DRAMUSDT Perpetual Contracts (Aug 1, 2026)

    Bybit Adjusts Open Interest Limits for Perpetual Contracts

    Cryptocurrency exchange Bybit announced it will increase the maximum open interest for several selected Perpetual Contracts, effective August 1, 2026, at 7:30 AM UTC. The move aims to enhance the trading experience for its users.

    The adjustments will affect the following contracts:

    • SOXLUSDT: Max open interest will increase from 10% to 15%.
    • DRAMUSDT: Max open interest will increase from 10% to 15%.
    • QQQUSDT: Max open interest will increase from 10% to 15%.
    • SPYUSDT: Max open interest will increase from 10% to 15%.
    • SNDKUSDT: Max open interest will increase from 10% to 15%.
    • SKHYUSDT: Max open interest will increase from 10% to 15%.
    • SKHYNIXUSDT: Max open interest will increase from 10% to 15%.

    Further details regarding position size limits can be found in the exchange’s Help Center.

  • Six Stocks Added as Collateral for Margin, Crypto, and Institutional Loans

    Six Stocks Added as Collateral for Margin, Crypto, and Institutional Loans

    New Collateral Assets to Expand Trading Options

    Starting July 31, 2026, at 8 AM UTC, six new xStocks assets will be available for use as collateral across Margin Trading, Crypto Loans, and Institutional Loans.

    The newly added xStocks collateral assets are:

    • NVDAX
    • HOODX
    • CRCLX
    • TSLAX
    • GOOGLX
    • AAPLX

    These assets are designated for collateral purposes exclusively; borrowing them is not supported.

    With the introduction of these new collateral assets, users will be able to:

    • Utilize them as collateral to borrow funds for trading or withdrawals through Crypto Loans.
    • Employ them as collateral for Institutional Loans.

    Collateral ratios and other relevant parameters for UTA accounts, Crypto Loans, and Institutional Loans will be updated on the respective pages once the assets are listed. These pages include:

    • Margin Trading
    • Crypto Loans
    • Institutional Loans

    Further updates will be provided as asset support continues to expand, aiming to enhance the trading experience.

  • Grok AI Forecasts Ethereum Price Surge by 2026

    Grok AI Forecasts Ethereum Price Surge by 2026

    Grok AI Forecasts Major Ethereum Surge, Setting Ambitious Price Targets

    Grok AI, the artificial intelligence chatbot developed by xAI, has predicted a significant breakout for Ethereum, setting unusually high price targets. The bullish outlook suggests Ethereum could reach between $6,000 and $8,000 by the end of 2026, with an optimistic stretch scenario projecting a climb to $10,000 to $12,000. This forecast stands in stark contrast to its current trading price of approximately $1,890.

    Key Drivers for Ethereum’s Potential Growth

    The bullish case for Ethereum is anchored by several key factors. Accelerating inflows into spot Ether Exchange-Traded Funds (ETFs) are cited as a primary driver. These inflows have reportedly turned positive, with BlackRock’s Ether ETF (ETHA) leading the charge, accumulating cumulative net inflows exceeding $11 billion.

    A second significant catalyst is the expansion of staked Ether ETF products. These offerings are designed to unlock yield for institutional investors, transforming simple price exposure into an asset that generates income. This represents a structural shift not seen in previous Ethereum market cycles.

    Technical Upgrades and Usage Backbone

    Further bolstering the optimistic outlook are the anticipated scaling upgrades, Pectra and Fusaka. The PeerDAS upgrade is expected to dramatically increase blob capacity, leading to significantly cheaper operations for Layer 2 networks. Additionally, the Glamsterdam upgrade, slated for the latter half of 2026, aims to boost Layer 1 throughput through enhancements like enshrined Proof-of-Stake (ePBS) and parallel execution.

    Underpinning these technical advancements is Ethereum’s dominant position in stablecoins and tokenized real-world assets, a market estimated in the tens of billions and still expanding. Rising staking lockups are also contributing to a tightening liquid supply. Analysts suggest a potential recovery in the ETH-to-Bitcoin ratio could provide further tailwinds, while broader institutional and real-world asset adoption is seen as solidifying Ethereum’s role as the premier settlement layer.

    The Bearish Scenario

    Despite the bullish predictions, the report acknowledges a bearish case as a genuine possibility. Stalled ETF flows, intense competition from Layer 2 solutions that could compress fees and limit value accrual to the base layer, delays in crucial upgrades, regulatory hurdles, or a tightening macroeconomic environment could all constrain Ethereum’s price. Under such scenarios, Ethereum might trade within a range of $2,200 to $4,000.

    Recent Price Action and Technical Levels

    Ethereum’s price closed at $1,877.71, marking a 2.20% decline in a session that saw trading between $1,871.84 and $1,932.72. This downturn broke a recent streak of gains that had briefly pushed the cryptocurrency back above the $1,900 mark.

    Looking at the broader trend since September 2025, Ethereum has experienced a prolonged and uneven decline. The cryptocurrency reached a peak near $4,950 that month, followed by a sharp downturn in January, plummeting from above $3,000 to under $2,200 within weeks.

    Since that significant drop, Ethereum has attempted two recoveries. An April rally stalled near $2,450, and a subsequent attempt in June also topped out around the same level before a sharp decline to $1,540. The climb from that June low propelled the price above $1,900 for the first time since the sharp fall, but the recent drop has pulled it back below this threshold.

    Key support levels are identified at $1,850, with a further potential drop to the June low near $1,540 if the pullback deepens. Resistance is stacked at $1,930, followed by $2,200, and a more significant ceiling near $2,450, which has previously rejected two separate rally attempts this year.

    Momentum has cooled considerably after weeks of steady gains, with the recent decline erasing some of that progress. For Grok’s bullish forecast to gain traction, Ethereum must first reclaim the $1,930 level and then break through $2,450, a resistance point that has proven formidable, rather than continuing its current downward trajectory.

    The Current Market Juncture

    The report suggests that the current moment is critical, where inaction carries a greater risk than decisive movement. Bitcoin, Ethereum, and XRP are all facing similar resistance levels that have been tested for weeks. The market awaits a macro catalyst, with institutional adoption often promised for the “next quarter.” Traders anticipating a breakout are in a holding pattern, dependent on decisions beyond their control.

    Grok AI’s analysis aligns with the understanding of experienced cycle traders: capital that appears as statistical noise at Bitcoin’s scale can profoundly impact the price of smaller, less-discovered projects. The asymmetry lies in the discrepancy between an asset’s intrinsic value and its current market perception, a gap that can rapidly close once recognized. Currently, this gap remains wide open.

    LiquidChain’s Novel Approach to Cross-Chain Interoperability

    The article then shifts focus to the issue of cross-chain fragmentation, which has consistently extracted value from DeFi participants since the advent of the first bridges. Bitcoin, Ethereum, and Solana were developed independently, lacking shared infrastructure and native communication capabilities. Transactions across these networks incur significant costs in fees, failed executions, and slippage before settlement. Bridges, rather than solving the core problem, have become a business built upon it.

    LiquidChain proposes a solution that eliminates this intermediary model by merging these three networks into a single execution layer. This approach allows for a single deployment to reach all networks simultaneously, eliminating cross-chain transaction taxes and friction.

    Grok AI has identified LiquidChain as a project worth monitoring. Its presale is currently priced at $0.01454, having raised just over $860,000.

    However, the report cautions that LiquidChain’s execution remains unproven, and its adoption is an open question. Established assets offer a more predictable path to market ceilings that are already visible. LiquidChain, conversely, represents an entry point that could disappear once the market fully recognizes its potential.

  • BetFury’s H1 2026 Report: $140M Returned to Players Amid Shifting Betting Dynamics and Crypto Dominance

    BetFury’s H1 2026 Report: $140M Returned to Players Amid Shifting Betting Dynamics and Crypto Dominance

    BetFury’s H1 2026 Performance Report reveals that the crypto casino returned over $140 million to players between January and June 2026. The report also highlights a significant increase in wager volume and user registrations, juxtaposed with a decrease in the total number of bets placed.

    During the first half of 2026, BetFury players placed more than 14.1 billion bets. While the total wager volume increased by 15% compared to the previous half-year, the total number of bets decreased by 6.15% from H1 2025. In parallel, the total amount of payouts saw a 4.36% increase over the same period.

    User growth was a key feature, with BetFury reporting a 40% rise in registrations and a 20% increase in deposits. Underscoring the platform’s crypto focus, approximately 84% of deposits in H1 2026 were made using cryptocurrencies, reflecting their central role in the online gaming sector.

    BetFury’s Gross Gaming Revenue (GGR) grew by 31% in H1 2026. The company, founded in 2019 and based in Curacao, offers a broad spectrum of entertainment, including over 13,000 games, more than 20 proprietary original games with a maximum RTP of 99.28%, and betting on over 80 sports. Additionally, BetFury provides crypto staking services with up to 60% APR.

    The report indicates a complex interplay of user engagement trends. The decrease in the total number of bets, coupled with increased payouts and wager volume, suggests a shift in how players are interacting with the platform. The strong reliance on cryptocurrency for deposits further solidifies BetFury’s position within the crypto-centric online gambling market.

    BetFury stated its commitment to responsible gambling and continuous evolution based on user feedback. The company also indicated plans to deepen partnerships with leading iGaming providers and expand its strategic priorities in the latter half of 2026, though specific details were not disclosed.

    Why This Matters

    The materials describe a narrow update: BetFury, a crypto casino, published its H1 2026 Performance Report, stating that over $140 million was returned to players between January and June 2026. The exact breakdown of the $140 million returned to players across different game types or withdrawal methods.

    Broader Context

    Source materials place the announcement in this context: BetFury is a leading crypto casino founded in 2019.

  • Pi Network Targets Major Update, PI Price Breaks Resistance

    Pi Network Targets Major Update, PI Price Breaks Resistance

    Pi Network Sets Major Update Deadline as PI Surges Past Key Resistance

    Pi Network’s Core Team has announced a deadline for its next protocol update, implicitly confirming the deployment of version 25, which had not been officially announced.

    Meanwhile, the project’s native token has demonstrated resilience, trading in positive territory on a daily basis following a significant downturn earlier this month.

    The team had previously stated in mid-July that protocol version 25 was slated for deployment by July 22. This update followed a series of earlier upgrades initiated in February with the implementation of v19.6, progressing through subsequent enhancements to reach the July target.

    However, in contrast to most prior upgrades, the Core Team did not issue an official confirmation on X or its website regarding the timely deployment of version 25. Nevertheless, numerous user reports emerged online claiming its implementation. The subsequent announcement detailing the next protocol update, version 26, effectively validates that v25 has indeed been put into effect.

    As with all previous upgrades, Pi Network has urged Mainnet validators to complete the necessary procedures before the upcoming deadline of August 11. This is crucial to ensure their continued connection to the blockchain. The team has characterized version 26 as a “major milestone ahead of the final planned upgrade,” which will be v27.

    “With 8 successful upgrades completed over the past few months, these final two upgrades will bring the network up to date with the latest protocol features, improvements, and functionality,” the statement read.

    Despite a notable increase in new product lines and redesigns announced by the Core Team recently, many of which were unveiled in the past month, the project’s native token has struggled to gain traction. On the contrary, it experienced a sharp decline, hitting several consecutive all-time lows in July, with the most recent dip occurring mid-month at just over $0.07.

    Every attempt at a breakout was quickly stifled. A significant rejection at the $0.10 mark pushed the token downwards, falling below $0.09 and $0.08. The token tanked to $0.074 just a few days ago, bringing it perilously close to setting a new low.

    However, the token managed to rebound yesterday and has continued to rally today, potentially spurred by the aforementioned announcement. PI is currently up by over 6% in the last 24 hours and appears to have reclaimed the $0.08 level.

  • MoonPay’s PayBox Lets AI Agents Make Purchases Using Crypto and Cards

    MoonPay’s PayBox Lets AI Agents Make Purchases Using Crypto and Cards

    MoonPay has launched PayBox, a new payment vault that enables artificial intelligence agents to make purchases using stored cryptocurrency wallets and payment cards. The product integrates with AI chatbots like Claude and ChatGPT, representing a significant advancement in allowing AI to execute financial transactions.

    PayBox acts as a secure repository for users’ crypto wallets and payment cards. Through its integration with AI chatbots, AI agents can now initiate and complete purchases on behalf of users, contingent on the user approving the transaction via a passkey. This capability extends beyond the previous functionality where AI chatbots could only assist with researching and planning purchases.

    “Billions of AI agents are coming online, and every one of them will need to hold, move, and spend money safely,” the company stated. PayBox aims to resolve the trade-off between convenience and control often found in existing solutions, which typically require users to grant full custody of funds to a single party for autonomous transactions.

    According to MoonPay, PayBox is designed so that no single entity, including MoonPay or the AI agent, can unilaterally access a user’s funds or credentials. This security is bolstered by technology from Sodot, acquired by MoonPay for approximately $100 million in April. Sodot’s technology reportedly secures over $50 billion in assets and more than 10 million wallets.

    The security architecture of PayBox employs multi-party computation (MPC) to split wallet keys and trusted execution environments (TEEs) to store fragments of these keys, ensuring that no single entity holds complete wallet keys.

    For card payments, PayBox routes transactions through Visa’s agentic commerce protocol. This integration allows AI to process payments without direct access to sensitive card numbers, thereby mitigating the risk of credential leaks.

    At its launch, PayBox supports Solana and seven Ethereum-compatible chains, in addition to x402, an open payment protocol, to facilitate a wide range of transactions.

    This release follows a series of related developments from MoonPay, including an open wallet standard for AI agents in March, an app for buying crypto within ChatGPT in May, and a desktop app connecting Claude and Codex to crypto wallets in June.

    While specific transaction limits and the full roster of integrated retailers are not yet detailed, the introduction of PayBox signifies a move towards AI agents participating more directly in commerce. The company has emphasized that users retain control through passkey approval for AI-initiated spending.

    Uncertainties remain regarding the precise launch date of ‘today,’ the specific monetary limits for AI agents, and the full range of services and retailers that may be integrated with PayBox.

    Why This Matters

    The materials describe a narrow update: MoonPay has released PayBox, a new product that functions as a payment vault. The exact date of the ‘today’ launch.

    Broader Context

    Source materials place the factual news in this context: MoonPay Ventures is an investor in Dastan, Decrypt’s parent company.

  • Pi Network Unveils New Launchpad Model Prioritizing Liquidity and Application Utility

    Pi Network Unveils New Launchpad Model Prioritizing Liquidity and Application Utility

    Pi Network’s Core Team has detailed a new model for launching ecosystem tokens, shifting the focus from traditional capital raising to the creation of immediate liquidity and the integration of tokens with real application functions. This innovative approach was outlined following the recent completion of the Testnet token distribution for SLICE, an ecosystem asset connected to a working third-party game.

    A New Approach to Token Launches

    Under the Pi Network’s new model, committed Pi coins are directed into a liquidity pool paired with the new ecosystem asset, rather than being retained by projects as raised funds. The Pi Network Core Team explained that this mechanism aims to provide a robust foundation for new tokens from their inception, directly linking them to application functionalities such as access, payments, rewards, governance, and user engagement. This approach is intended to better reflect the purpose of future ecosystem tokens by supporting product utility, attracting new users, and encouraging activity, rather than primarily serving as a capital accumulation tool.

    SLICE Token: A Practical Test Case

    The recent SLICE token distribution served as a practical test of this model. The participation period for SLICE ran from June 11 to June 28. During this time, over 240,000 Pioneers committed nearly 16 million Test-Pi to acquire 10 million SLICE test tokens. These transactions occurred through Pi’s decentralized order book or an automated market maker (AMM). The SLICE token is connected to a functioning third-party game called Slice of Pi, allowing the network to test engagement-based bonuses through a live application.

    The model’s mechanism adjusts the token price based on the amount of SLICE and Test-Pi remaining in the pool, utilizing a constant-product formula to maintain balance during swaps. As SLICE is acquired from the pool, it becomes scarcer relative to Test-Pi, increasing its displayed price. Conversely, selling SLICE back to the pool decreases its price. Participants can review their allocations, launch prices, effective purchase prices, and the SLICE liquidity pool status following the distribution phase.

    Testnet Status Clarified

    It is crucial to note that the Pi Network Core Team has emphasized that SLICE will remain a Testnet-only asset. It holds no real-world value and will not migrate to the Mainnet. This distinction underscores the experimental nature of the token and the Launchpad model itself.

    This new Launchpad model represents a departure from conventional token launch strategies, prioritizing the creation of functional utility and immediate liquidity for ecosystem projects within the Pi Network. The successful distribution of the SLICE test token demonstrates the model’s potential to foster a more integrated and utility-driven ecosystem.

    Why This Matters

    The materials describe a narrow update: The Pi Network Core Team has outlined a new model for launching ecosystem tokens. The new update published by the team hours ago comes just a few days after they reported they had completed the token distribution of the Testnet coin called SLICE.

    Broader Context

    Source materials place the factual news in this context: The Core Team behind the popular project revealed more details about how its platform can support future ecosystem tokens.

  • Binance Unveils Commodity Options: Trade Gold and Silver with USDT

    Binance Unveils Commodity Options: Trade Gold and Silver with USDT

    Binance Introduces Commodity Options, Bridging Traditional Markets and Crypto Trading

    Binance is expanding its suite of traditional finance (TradFi) products by launching Commodity Options, allowing users to trade gold and silver with the same speed and simplicity as crypto options. These USDT-settled, European-style contracts are built on Binance’s existing options infrastructure.

    A New Trading Dimension

    The introduction of Commodity Options offers traders a novel way to express market direction, speculate on volatility, and hedge existing positions, all within a single Binance account. This feature provides a new dimension for trading, enabling strategies that focus on defined risk rather than just directional bets.

    Portfolio Diversification and Defined Risk

    Investors can now diversify their portfolios by gaining direct exposure to traditional commodity markets, specifically gold and silver, through their Binance accounts. For buyers of these options, the maximum loss is limited to the premium paid, eliminating liquidation risk on long positions. This defined risk structure is a key benefit for those looking to hedge their TradFi exposure.

    USDT Settlement and Promotional Fees

    All Commodity Options trades will be settled in USDT, meaning there is no need to hold the underlying physical commodity. To celebrate the launch, Binance is offering a limited-time promotion with a 0.000% maker fee rate and a 0.020% taker fee rate for all users. This promotion, running until further notice from July 29, 2026, 10:00 UTC, aims to provide one of the most competitive fee structures in the market.

    How to Trade Commodity Options

    To begin trading, users can log in to their Binance account, navigate to the “Options” section under the “Futures” tab, and select their desired underlying asset (XAUUSDT for gold, XAGUSDT for silver). Traders will then choose an expiration date and strike price, select “Buy Call” or “Buy Put,” and enter their price and quantity before placing the order. Commodity Options are also accessible via the Binance App and API.

    Contract Specifications

    Binance’s Commodity Options are USDT-settled and cash-settled. They are European-style, meaning they can only be exercised at expiry. The expiry structure includes 1-day and 1-week options for each underlying asset, with approximately 10 strikes available daily and 12 strikes weekly. Trading hours follow the underlying market sessions for gold and silver, which are open from Sunday 6:00 PM (ET) to Friday 5:00 PM (ET), with a daily closure from 5:00 PM to 6:00 PM (ET). Retail users can only buy to open and sell to close positions.

    Trading Hours and Important Notes

    The trading hours for XAUUSDT and XAGUSDT mirror the underlying commodity markets. It is important to note that the market is closed during off-hours, and no new orders can be placed or matched during this period. Trading may also conclude early on holidays.

    For comprehensive details on contract specifications, pricing, expiration, settlement, API references, position limits, and risk management, users are encouraged to consult the FAQ section.

    Binance recently secured a comprehensive license under the Abu Dhabi Global Market (ADGM) framework, marking a significant step in its regulatory compliance efforts.