{"id":24162,"date":"2026-06-18T11:27:44","date_gmt":"2026-06-18T11:27:44","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/06\/18\/bybit-launches-tether-gold-options-as-tokenized-gold-trading-expands\/"},"modified":"2026-06-18T11:27:44","modified_gmt":"2026-06-18T11:27:44","slug":"bybit-launches-tether-gold-options-as-tokenized-gold-trading-expands","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/06\/18\/bybit-launches-tether-gold-options-as-tokenized-gold-trading-expands\/","title":{"rendered":"Bybit Launches Tether Gold Options as Tokenized Gold Trading Expands"},"content":{"rendered":"

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Bybit<\/b> launched <\/span>options trading <\/b>for Tether Gold (<\/span>XAUT<\/b>) on its platform on June 12, becoming the first crypto exchange to offer options on a tokenized real-world asset, according to the exchange\u2019s announcement. The new product allows traders to hedge or bet on gold price volatility through XAUT, amid the continuous expansion of tokenized gold and real-world assets on the blockchain.<\/span><\/p>\n

Bybit Turns Tokenized Gold Into an Options Market<\/b><\/h2>\n

With XAUT options, Bybit is bringing tokenized gold beyond spot trading and into the crypto derivatives market. XAUT is typically used as a token representing physical gold, but options offer a more flexible way to trade, from risk hedging to betting on gold price volatility within a crypto-native environment.<\/span><\/p>\n

According to <\/span>Bybit\u2019s June 12 announcement,<\/span><\/a> this is the first time a crypto exchange has offered options on a <\/span>tokenized real-world asset.<\/b> The exchange also partnered with Orbit Markets to support liquidity in XAUT options and deployed a <\/span>Request for Quote (RFQ) <\/b>mechanism targeting professional clients.<\/span><\/p>\n

This move comes as tokenized gold is gaining traction from both sides: the demand for gold as a hedging asset and the trend of bringing real-world assets onto the blockchain. For Bybit, the new product helps transform XAUT from a token tracking gold prices into a tool that can be used in broader derivative strategies.<\/span><\/p>\n

How the XAUT Options Work<\/b><\/h2>\n

With XAUT options, the underlying asset is Tether Gold, while the contracts are settled in USDT, according to CoinDesk. Each XAUT represents one fine troy ounce of physical gold, so this product brings gold price volatility into the crypto market\u2019s derivative structure.<\/span><\/p>\n

For traders, XAUT options can be used to hedge or trade based on the direction of gold prices without handling physical gold delivery or opening a traditional commodities account. XAUT holders can use put options to limit risk when prices drop, while traders expecting prices to rise can use call options instead of buying the token directly.<\/span><\/p>\n

Bybit also deployed a Request for Quote (RFQ) for XAUT options, targeting institutional and professional clients. According to the exchange, RFQ will support OTC trading with non-standard strikes, customized maturities, and multi-leg strategies, instead of relying solely on available contracts on the order book. This mechanism helps Bybit serve large orders or more complex derivative structures outside the regular listed market.<\/span><\/p>\n

Why Tokenized Gold Is Getting More Attention<\/b><\/h2>\n

Tether Gold is currently the largest gold token by market capitalization. According to CoinGecko data, XAUT is trading around $4,319, with a market cap of approximately $2.65 billion, a 24-hour trading volume of about $490 million, and a circulating supply of around 612,823 XAUT.<\/span><\/p>\n