We're pleased to announce that we now support perpetual swap* trading on Tether Gold (XAU₮), a digital token backed by physical gold listed on Bitfinex in January.
Futures trading began on the Tether Gold/Tether pair (XAUTF0/USTF0) at 06/03/2020 8:30 AM UTC. The perpetual swap pair will allow up to 100x leverage. The launch of futures on XAU₮ offers another means of obtaining exposure to the world's most enduring asset.
Futures contracts enable traders to buy or sell assets at a specified price and date in the future, providing a means of hedging and offsetting risks, as well as an opportunity to multiply profits. Trading will only be available in certain jurisdictions, and is exclusive to verified users.
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. For more information on XAU₮, please visit: https://gold.tether.to
*Derivatives/Futures trading products are provided by iFinex Financial Technologies Limited
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 at the date of this press release) at gold.tether.to/legal.