The launch enables traders to hedge gold exposure or speculate on price movements via XAUT options with institutional liquidity.
Bybit has rolled out options trading for Tether Gold (XAUT), a token backed by physical gold. The contracts, settled in USDT, allow traders to hedge risk, trade volatility, or execute custom strategies through an over-the-counter RFQ system.
Each XAUT option corresponds to one troy ounce of gold, mirroring traditional gold derivatives. Bybit partnered with Orbit Markets, a market maker with expertise in crypto and precious metals, to ensure deep liquidity from launch. Orbit’s team includes former executives from Deutsche Bank’s currencies and metals desks.
The European-style options are designed to bridge traditional finance and crypto markets, reflecting growing demand for tokenized assets. The move follows broader trends in digital asset adoption among institutional traders.