Users will need to create a separate account for predictions, which is not linked to their spot trading accounts. Binance noted that the outcome—either "yes" or "no"—will be presented in a range from $0.01 to $0.99. The launch was facilitated through the Predict.fun protocol on the BNB Smart Chain network. According to DefiLlama, the platform's TVL is $18.8 million. Binance also reported on the first 90 days of operations for its TradFi derivatives. The daily trading volume for gold peaked at $7.6 billion, while silver reached $6.4 billion. Gold turnover on the crypto exchange significantly surpassed the figures from the Multi Commodity Exchange of India (MCX), the Dubai Gold and Commodities Exchange (DGCX), and the Tokyo Commodity Exchange (TOCOM). Meanwhile, oil contracts accounted for only 1% of the volume of the New York Mercantile Exchange (NYMEX) and ICE.
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Binance has launched prediction markets through its Binance Wallet.
Users will need to create a separate account for predictions, which is not linked to their spot trading accounts. Binance noted that the outcome—either "yes" or "no"—will be presented in a range from...