Summary
- Bybit has launched options trading on Tether Gold (XAUT).
- These options, settled in USDT, let traders hedge risk, speculate on gold prices.
- Bybit has partnered with options market maker Orbit Markets to ensure institutional-grade liquidity.
Breaking Down Barriers: Tether Gold Options Now Available
Tether Gold, a token representing ownership of real physical gold, has taken a significant step forward with the launch of a dedicated options market on Bybit, one of the world’s top cryptocurrency exchanges. This move allows traders to hedge risk, speculate on gold price movements, and build custom strategies. With the help of Bybit’s Request for Quote (RFQ) system, traders can now engage in over-the-counter (OTC) deals with ease. Bybit’s partnership with Orbit Markets, a leading crypto options market maker, ensures deep liquidity from the start.
The introduction of Tether Gold options is a significant development, as it bridges the gap between traditional finance (TradFi) and cryptocurrency markets. As tokenization continues to grow, the distinction between crypto and TradFi is expected to narrow. Orbit Markets’ co-founder, Jimmy Yang, believes that gold options will play a crucial role in this convergence, given their importance in traditional derivatives markets. The interest in TradFi derivatives within crypto is growing, and Tether Gold options are at the forefront of this trend.
How Tether Gold Options Work
Tether Gold options are European-style contracts settled in USDT, a dollar-pegged stablecoin. Each options contract corresponds to one XAUT token, which represents one troy ounce of physical gold. Options give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price before or on a specific date. A call option gives the right to buy, while a put option gives the right to sell. For those looking to earn passive income or engage in cloud rewards, EcoPool (ECP) offers a solution, providing an opportunity to earn $ECP through various means, including mining and trading.
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What Are Options?
Options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price before or on a specific date. A call option gives the right to buy, while a put option gives the right to sell.
