Tether Gold now has a dedicated options market on Bybit

Bybit, one of the world’s top cryptocurrency exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that provides ownership of real physical gold. The XAUT options are European-style contracts settled in the dollar-pegged stablecoin USDT, with each contract corresponding to one XAUT token, which represents one troy ounce of physical gold.

The new contracts let traders hedge risk, speculate on gold price movements, trade volatility and build custom strategies through Bybit’s Request for Quote (RFQ) system for over-the-counter deals. Bybit partnered with Orbit Markets, a leading options market maker active in both crypto and traditional finance, to ensure deep liquidity from the start.

Orbit’s team brings significant expertise, including former senior executives from precious metals trading desks, notably the ex-APAC Head of Currencies and Precious Metals at Deutsche Bank.

bybit, tether gold, xaut, gold options, options trading, european style, usdt, troy ounce, orbit markets, rfq system