Demand for crypto-based commodities perpetual contracts increased during geopolitical conflicts when traditional futures markets were closed, demonstrating their utility as alternative trading venues

"We've seen strong demand for our commodity perpetuals since introducing them earlier this year, and commodity options build on that momentum. The launch follows strong structural demand for Binance's existing gold and silver perpetuals."

"There was also an increase in demand during the US-Iran conflict. The crypto-based trading platforms that were set up for oil-linked perpetual contracts continued to operate while conventional futures markets were closed."