We're pleased to announce that Bitfinex has added margin trading for Tether Gold (XAU₮), a digital asset backed by physical gold. This follows the listing of Tether Gold on Bitfinex.
Margin trading for Tether Gold with US dollar (XAU₮/USD), tether (XAU₮/USD₮), and bitcoin (XAU₮/BTC) began 30/01/20 at 2:00 PM UTC. These pairs can be traded with an initial equity of 20% and a maximum leverage of 5x. Furthermore, the maximum leverage for BTC/USD has been increased from 3.3x to 5x.
Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets.
If you wish to learn more about margin trading, please visit our knowledge base.
About Tether Gold (XAU₮)
XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar.
Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAU₮ token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
Today, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.
For more information on XAU₮, please visit: gold.tether.to
This post is not an offer to sell or the solicitation of an offer to buy XAU₮. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.