Binance's XAUT Contracts Soar to $2 Billion in Daily Trading Volume

Tether Gold perpetual contracts on Binance are generating an astonishing $2 billion in daily trading volume, drawing attention from gold investors.

This surge represents a staggering 1,300-fold increase from just months ago, when XAUT perpetual futures were clocking about $1.5 million in daily volume in December 2025.

XAUT hit an all-time high of $6.4 billion on March 23, 2026, catapulting it to the fifth most-traded perpetual pair on Binance, alongside well-established assets like BTC and ETH.

The trading frenzy is likely driven by the increasing popularity of Tether Gold's (XAUT) perpetual contracts, which offer traders a leveraged way to speculate on gold price movements.