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Binance Gold-Backed Products Top $325 Million in Seven-Day Trading Outside Launch Peaks

Cumulative trading passed $8 billion, and volume reached $78 million on Nov. 5. The seven-day record excludes early launch peaks.

By Enna Lee
Published
A gold bar sits atop a seven-tier black stone plinth / TokenPost.ai
A gold bar sits atop a seven-tier black stone plinth / TokenPost.ai

Binance's gold-backed products traded more than $325 million over the latest seven days, their highest volume outside early launch surges, even as crypto markets weakened.

Cumulative trading since launch exceeded $8 billion, while volume on Nov. 5 reached $78 million.

Tokenized assets had a combined market value of about $50 billion as of Nov. 8. Commodity-backed assets made up nearly $6 billion of that total, with gold accounting for a large share.

Gold was near $4,000 an ounce after falling more than 30% since the start of the year.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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