Bybit, one of the world’s top cryptocurrency exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that gives you ownership of actual physical gold.
XAUT विकल्प अब लाइव हैं और व्यापारियों को जोखिम से बचाव करने, सोने की कीमत में उतार-चढ़ाव, व्यापार की अस्थिरता पर अटकलें लगाने और ओवर-द-काउंटर (OTC) सौदों के लिए बायबिट के रिक्वेस्ट फॉर कोट (RFQ) सिस्टम के माध्यम से कस्टम रणनीति बनाने की अनुमति देते हैं।
Bybit partnered with Orbit Markets, a leading crypto options market maker, to ensure deep liquidity from the start. Orbit’s team brings significant expertise, including former senior executives on the precious metals trading desk, notably the ex-APAC head of currencies and precious metals at Deutsche Bank.
“As tokenization accelerates, we believe the gap between crypto and fiat will continue to narrow,” said Jimmy Yang, co-founder of Orbit Markets. “Gold options are a cornerstone of traditional derivatives markets, and we are excited to see growing interest in tradable derivatives within crypto.”
XAUT options are European-style contracts settled in the dollar-pegged stablecoin USDT, with each option contract corresponding to one XAUT token, which itself represents one troy ounce of physical gold.
what are the options?
Options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a specific date. A call option gives the right to buy, while a put option gives the right to sell.