Palladium and Platinum now available on Ostium as XPD and XPT

Ostium Labs has expanded its on‑chain metals offering by adding synthetic palladium (XPD) and platinum (XPT) markets, allowing users to gain price exposure to these two precious metals directly within the Ostium protocol. XPD represents palladium and XPT represents platinum, following the standard commodity codes already used in traditional and crypto markets for these metals. Ostium sources metals price data from oracle providers such as Pyth, which already supplies feeds for palladium (XPD) and platinum (XPT), enabling the protocol to mirror real‑world spot prices on‑chain. This launch broadens Ostium’s product set beyond more common assets like gold and silver, giving on‑chain traders access to industrial precious metals that have distinct supply–demand dynamics and are widely used in automotive and other industrial applications. Similar tickers (XPD/XPT) are used for metals derivatives and perpetual futures on centralized venues such as Binance Futures, where each contract tracks the price per troy ounce of the underlying metal, underscoring that Ostium is aligning its synthetic markets with existing market conventions. The expansion matters because it pushes decentralized finance further into commodities exposure, letting users trade metals natively on-chain without using centralized brokers or traditional commodity accounts.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Palladium / Platinum Ratio is Near a Key Support Level - FTD Limited (ftdsystem.com)
• Convert Platinum (XPT) to Palladium (XPD) | Coinbase India (coinbase.com)
• Binance lists futures contracts for two precious metals XPD and XPT (binance.com)
• [PDF] Sprott Special Report: The Palladium Play - Part 1 (sprott.com)
• XPT XPD | Platinum Spot Palladium Spot - Investing.com (investing.com)

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