Futures on Tether Gold are here
Futures on Tether Gold are here

Futures on Tether Gold are here

By Marco Cavicchioli - 6 Mar 2020

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Perpetual futures on Tether Gold have been launched today on Bitfinex

Trading began at 8:30 AM UTC with the perpetual swap pair Tether Gold/Tether (XAUTF0/USTF0), which offers a leverage of up to 100x. The launch of XAU₮ futures offers another way to gain exposure to the world’s leading safe-haven asset. 

However, trading of this pair is only available in certain jurisdictions, and only for verified users.

Futures contracts allow traders to buy or sell assets at a specific price and date in the future, thus providing a means of hedging and offsetting risk. 

In addition, thanks to leverage, they can maximize profits. 

XAU₮ is a digital asset collateralized by physical gold and offered by TG Commodities Limited. 

Each XAU₮ token represents an ounce of gold troy on a London Good Delivery gold bar stored in a special vault. 

Futures contracts, like other derivatives offered on the exchange, are provided by iFinex Financial Technologies Limited, a subsidiary of Bitfinex and Tether. 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

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