Bybit, one of the world’s top crypto exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that provides ownership of real, physical gold.
XAUT options are now available, allowing traders to 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 (OTC) trading.
Bybit has partnered with Orbit Markets, a leading options market maker active in both cryptocurrencies and traditional finance, to ensure abundant liquidity from the start. Orbit’s team brings together significant expertise, including former senior executives from precious metals trading desks, most notably Deutsche Bank’s former head of Asia Pacific currencies and precious metals.
“We believe the distinction between cryptocurrencies and TradFi will continue to narrow as tokenization accelerates,” said Jimmy Yang, co-founder of Orbit Markets. “Gold options are a cornerstone of the traditional derivatives market, and we are excited to see the growing interest in TradFi derivatives within cryptocurrencies.”
XAUT options are European-style contracts settled in dollar-pegged stablecoins. $USDTeach option contract corresponds to one XAUT token, which itself represents one troy ounce of physical gold.
What are options?
An option is a derivative contract that gives the buyer the right to buy or sell the underlying asset at a set price before or on a specific date. A call option gives you the right to buy, and a put option gives you the right to sell.
