Bybit Launches Tether Gold Options for Hedging and Volatility Trading

Crypto exchange Bybit has launched Tether Gold options, allowing traders to bet on swings in gold prices and hedge price risk. The new product uses a European-style option structure and is settled in Tether's USDT stablecoin.

The move marks the first time a major exchange with institutional-grade liquidity has offered such a product, according to CoinDesk. Bybit partnered with Orbit Markets to provide liquidity for the XAUT options.

Bybit's launch of Tether Gold options may broaden the overlap between real-world asset tokenization and crypto derivatives markets, making it easier for investors to trade gold volatility in crypto markets.