Crypto exchange Binance is strengthening its position in the tokenized commodities segment, becoming one of the main platforms for round-the-clock trading in gold and silver.
According to a DL Research report, the shift toward a continuous trading model is accelerating across both traditional and crypto markets. Analysts noted that traditional exchanges are extending their trading hours, while crypto platforms are integrating classical assets. The report concludes that Binance is at the center of this transformation, providing 24/7 access to commodity instruments and enabling real-time price formation.
Analysts point out that traditional markets are only beginning to move toward continuous trading. Nasdaq is planning to launch a 24-hour trading model, the NYSE is developing tools to extend trading sessions, and brokers already offer limited access outside core trading hours.
At the same time, up to 70% of overnight volumes are generated outside the U.S., and a significant share of returns comes from off-session hours. Between 2020 and 2025, the SPDR S&P 500 ETF (SPY) delivered around 47% of its growth during the gaps between trading sessions, compared to 29% during regular daytime trading. A similar pattern is seen with the Nasdaq-100 ETF (QQQ), which gained 53% outside the main session and only 30% during the day.
Against this backdrop, the crypto market infrastructure, operating without interruption, is beginning to encompass traditional assets. The tokenized real-world assets (RWA) market grew from $4.3 billion to approximately $22 billion over the past year. Commodities became one of its key segments, with analysts forecasting the RWA market to reach $30 trillion by 2030.
The market cap of tokenized commodities increased from $1.1 billion to $6.4 billion, with around 95% accounted for by gold. XAUT ($3.7 billion) and PAXG ($2.4 billion) are showing rapid user base growth. Over the past year, the number of XAUT holders rose from 3,000 to over 30,000, while PAXG holders increased from 48,000 to 98,000.
Analysts highlight that Binance is becoming one of the key platforms for 24/7 commodity trading. The exchange introduced gold and silver trading within its ecosystem in early 2026, and in recent months the total trading volume of perpetual contracts on these instruments exceeded $153 billion, with over 113 million trades executed.
Liquidity is primarily concentrated in precious metals. Daily turnover for gold contracts consistently ranges between $3.7 billion and $4 billion, while silver contracts reach up to $7 billion. Trading activity also remains high — on certain days, total trades exceed 6.3 million, according to DL Research.
Activity on Binance enables continuous price discovery, unlike traditional markets with fixed trading sessions. This allows participants to respond to macroeconomic events and liquidity shifts in real time.
Moreover, trading volumes on decentralized platforms are growing. Over the past year, the volume of tokenized gold transactions on DEXs increased from $1.4 billion to more than $8.4 billion, while PAXG’s share rose from 5% to nearly 20%.
The World Gold Council (WGC) is developing infrastructure to integrate tokenized gold into the financial system, and UBS is providing clients with access to investments in tokenized gold.
