Bybit launches options trading on Tether Gold with institutional liquidity

Bybit launched options on Tether Gold (XAUT), letting traders hedge and speculate on gold prices via crypto. The exchange partnered with Orbit Markets for institutional-grade liquidity, bringing a multi-billion-dollar asset class on-chain.

• Bybit launched European-style options on Tether Gold (XAUT), settled in USDT, with each contract representing one troy ounce of physical gold.
• The exchange partnered with Orbit Markets, whose team includes ex-Deutsche Bank precious metals executives, to ensure deep liquidity.
• Gold options are a multi-billion-dollar market on CME and MCX; this is the first time a top-tier crypto exchange offers them with institutional support.
• Traders can use the options to hedge risk, speculate on gold prices, or build custom strategies via Bybit's RFQ system for OTC deals.

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