Bybit Introduces Options Trading for Tether Gold (XAUT)
- Bybit has launched options trading for Tether Gold (XAUT), allowing ownership of physical gold.
- The options are European-style contracts settled in the stablecoin USDT, with each contract representing one troy ounce of gold.
- Traders can hedge risks, speculate on gold prices, and utilize Bybit’s Request for Quote (RFQ) system for OTC deals.
- Bybit partnered with Orbit Markets to ensure deep liquidity, leveraging expertise from traditional finance.
- Orbit’s team includes former executives from Deutsche Bank’s precious metals trading desks.
The introduction of XAUT options on Bybit signifies a growing intersection between cryptocurrency and traditional finance, particularly in derivatives markets. This move allows traders to engage more effectively with gold as an asset class through innovative financial products.
With the launch of XAUT options, traders can now access a new avenue for managing exposure to gold prices while utilizing the benefits of blockchain technology.(Source)
