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Bitfinex Launches Launches Tether Gold Futures Trading

Ramsey Baker

Summary: Bitfinex, the major cryptocurrency exchange and sister exchange of stablecoin firm Tether, has released futures trading for Tether’s new gold-backed coin. On Friday, Bitfinex announced that users will be able to trade futures contracts on Tether Gold (XAU₮) against Tether (USDT). Bitfinex noted that futures trading enables traders to buy or sell assets at a ...

Bitfinex, the major cryptocurrency exchange and sister exchange of stablecoin firm Tether, has released futures trading for Tether’s new gold-backed coin.

On Friday, Bitfinex announced that users will be able to trade futures contracts on Tether Gold (XAU₮) against Tether (USDT). Bitfinex noted that futures trading enables traders to buy or sell assets at a specified price and data in future, featuring up to 100x leverage.

By Roland James

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