Crypto Platforms Are Replacing National Commodity Exchanges for Gold Trading

Retail investors now trade gold on Binance at volumes that exceed those of major national commodity exchanges. This shift is driven by the availability of gold perpetual contracts, which which allow traders to hold positions without expiry dates and avoid contract rollovers and settlement dates. The exchange operates 24/7, allowing traders to respond in real-time to geopolitical and macroeconomic changes. This infrastructure supports tokenized gold products like PAXG and XAUT, which enable users to own fractions of physical gold without holding the asset directly. Binance gold trading volume is now twice that of the Dubai Gold and Commodities Exchange and India's Multi Commodity Exchange, and four times that of the Tokyo Commodity Exchange.