Vantage Launches 24/7 Gold Trading, Bypassing Traditional Market Hours

Vantage, a multi-asset broker, has launched XAUUSD247, a gold CFD trading product that allows clients to trade gold against the US dollar around the clock. This move comes on the heels of CME Group's plans to expand gold trading hours.

The new product operates as a gold CFD, meaning traders never take physical delivery of the metal. Instead, they can access liquidity 24/7, even during weekends and public holidays.

This is seen as a response to demand from traders who are accustomed to the always-on nature of cryptocurrency markets. The move also highlights the convergence of traditional finance and crypto infrastructure, with stock exchanges exploring extended hours and 24-hour trading for equities.

Vantage's CFD solution sidesteps the custody and settlement complexities of tokenized gold by staying within a traditional brokerage framework. However, it provides traders with the same 24/7 utility as on-chain gold, without the need for reserves or audits.