How to trade gold on Spot (XAUT) with Bybit

For centuries, gold has been valued as the ultimate store of value. In modern markets, the precious metal has also firmly established itself as an excellent hedge against volatility and inflation. It’s virtually an axiom that you cannot go wrong by investing in gold in times of market turbulence.

For traders who appreciate gold’s numerous benefits, Bybit offers a straightforward way to invest in the yellow metal via the gold-backed Tether Gold (XAUT) crypto. Available on Bybit’s Spot market as a swap pair with Tether (USDT), XAUT offers you a unique combination of the stability of a physical asset and the flexibility of crypto trading.    

Key Takeaways:

• You can flexibly buy and sell gold on Bybit via Spot trades of XAUT, the world’s highest-capped tokenized gold cryptocurrency.

• Each XAUT coin tracks the price of one troy ounce of gold and is fully backed by physical gold reserves held in Swiss vaults.