Bybit Launches Gold-Backed Crypto Options Trading

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

Explore Agentic TradingLet AI Trade for You

New Product Launch: Bybit has introduced options trading for TetherGold (XAUT) on its platform, aimed at providing strategic opportunities for investors, thereby enhancing its competitive edge in the crypto market.
Options Structure: These new options utilize a European-style structure, with each contract equivalent to one troy ounce of physical gold, leveraging the RFQ system for personalized pricing, which enhances trading flexibility for large transactions.
Liquidity Assurance: Bybit has partnered with Orbit Markets to ensure robust liquidity for options trading, leveraging Orbit's extensive experience in both crypto and traditional financial markets to provide institutional-grade liquidity and pricing transparency for traders.
Market Context: The international market for gold options boasts multi-billion dollar trading volumes, and Bybit's entry signifies its efforts to promote this asset class on a cryptocurrency exchange, catering to investors' demand for diversified investment strategies.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like XAUT with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for XAUt

Technical Sentiment Analysis for Tether Gold (XAUt). As of , Tether Gold (XAUt) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Tether Gold (XAUt) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3707.758	3863.879	4048.758	4204.879	4389.758	4545.879	4730.758
Fibonacci	3863.879	3994.141	4074.617	4204.879	4335.141	4415.617	4545.879

About XAUT

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on XAUT?

Get Started Free