📌 Binance now offers perpetual futures for Platinum (XPTUSDT) and Palladium (XPDUSDT) that trade 24/7 with up to 100× leverage. (HOKANEWS.COM)
🪙 Step-by-Step: Trading Platinum and Palladium Futures on Binance
1) Create & Verify Your Binance Account
If you haven’t already, sign up on Binance and complete identity verification (KYC).Without verification, you won’t be able to trade futures. (Binance)
2) Enable Futures Trading
Go to the Futures section and activate your Futures account.You might be asked to confirm you understand risks before activation. (Perpusnas)
3) Deposit Funds
Deposit USDT or supported assets into your Binance account.Then transfer funds from your Spot Wallet to your Futures Wallet to use as margin. (Binance)
4) Find the Metals Futures Contracts
In the Futures interface, open the “TradFi” or “Contracts” list.Search for:XPTUSDT – Platinum perpetual futuresXPDUSDT – Palladium perpetual futures
These are USDT-settled contracts you can trade without owning the physical metals. (HOKANEWS.COM)
5) Choose Margin & Leverage
Select Margin Mode:Cross Margin (uses all available margin across positions)Isolated Margin (only uses the margin in that position)Set your leverage level (up to 100×). Higher leverage increases risk and potential loss. (HOKANEWS.COM)
6) Decide Your Position
Go Long if you think the metal price will rise.Go Short if you think the price will fall.Enter:Order Type (Market, Limit, Stop)PriceTrade Size (minimum ~0.001 XPT/XPD). (Coin Gabbar)
7) Manage Risk
Set Stop-Loss and Take Profit orders.Keep track of funding rates (paid/received every 8 hours) — important for perpetual futures. (Coin Gabbar)
8) Monitor & Close Your Trade
Watch your position in the “Open Positions” panel.Close manually at target price or let SL/TP execute.
📊 What’s Unique About These Contracts
Perpetual (no expiry) — you don’t need to roll over contracts. (HOKANEWS.COM)Leverage up to 100× — amplify potential gains and losses. (HOKANEWS.COM)USDT settlement — profits/losses are paid in Tether (USDT). (Coin Gabbar)24/7 trading — unlike traditional metal futures with fixed hours. (HOKANEWS.COM)
⚠️ Risk Tips (Important!)
Futures trading, especially with high leverage, can lead to rapid losses and even full loss of your margin if the market moves against you.
Start small.Use stop losses.Don’t trade with money you can’t afford to lose.Learn how funding fees affect your positions. (HOKANEWS.COM)
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