KEY TAKEAWAYS
- Bybit launches a new initiative to expand trading in precious metals, catering to the growing interest in gold and silver markets.
- The platform supports trading of gold- and silver-related instruments using a single USDT account, including tokenized gold products like XAUT.
- Bybit offers yield opportunities through its Easy Earn suite, with annualized yields up to 11% APR for XAUT holders.
- Eligible users participating in the campaign may receive up to 2,000 USDT in airdrop rewards.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced a new initiative to expand its trading offerings in precious metals. This campaign, which runs until April 30, 2026, is designed to cater to the growing interest in gold and silver markets and the increasing demand for digital asset exposure to real-world commodities.
The initiative allows eligible users to trade a wide range of gold- and silver-related instruments on the Bybit platform using a single USDT account. Supported products include spot trading of XAUT/USDT, futures trading of XAUTUSDT and PAXGUSDT, the XAUT0 Alpha product, and several traditional financial instruments such as XAUUSD, XAUEUR, XAUJPY+, XAUAUD+, XAGUSD, and XAGAUD.
XAUT, or Tether Gold, is a tokenized representation of physical gold issued by Tether. It is backed one-to-one by fine gold held in secure vaults, enabling 24/7 tradability and fractional ownership without the logistical challenges associated with physical bullion. Bybit has positioned itself as a leading platform for XAUT trading, reflecting the growing demand for tokenized gold products amid renewed interest in safe-haven assets.
Recent updates on Bybit include support for XAUT deposits and withdrawals on the Mantle network, which expands cross-chain access and reduces transaction costs for users engaging with tokenized gold. In addition to trading, the campaign offers yield opportunities for holders of gold tokens through Bybit’s Easy Earn suite of products. Bybit supports XAUT Flexible Easy Earn with annualized yields of up to 11% APR, allowing users to earn returns on idle XAUT holdings while maintaining flexibility.
As part of the limited-time event, users from eligible jurisdictions who complete at least one trade in any of the supported gold- or silver-related assets during the campaign period may qualify for a chance to receive up to 2,000 USDT in airdrop rewards. The distribution of rewards is subject to risk control review and other eligibility requirements.
Bybit continues to serve a global community of digital asset traders and investors with a diversified product suite. In addition to precious metals-related offerings, the platform supports hundreds of trading pairs across spot, derivatives, margin, and real-world asset products. Bybit remains committed to delivering innovative, compliant, and user-centric trading solutions that connect digital assets with global financial markets.
For more details, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has announced an expansion of its trading offerings to include precious metals, reflecting the growing interest in gold and silver markets. This initiative aims to connect digital asset traders with real-world commodities through tokenized products.
Recent industry reports indicate that the tokenized gold and silver markets are experiencing explosive growth, with a combined market cap of $5.57 billion. Bybit’s expansion aligns with this trend, offering users the ability to trade tokenized gold and silver, which are increasingly seen as accessible alternatives to traditional precious metals.
As per insights from Zerocap’s spot desk, there is a surge in demand for gold-backed assets like PAXG, paired with stablecoins and majors. This supports Bybit’s initiative to offer precious metals trading, as investors seek safe-haven assets during times of market volatility.
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