Bybit Launches 1-Ounce XAUT Options With Orbit Markets as Tokenized Gold Reaches Top-Tier Exchange
Updated
Updated · CoinDesk · Jun 16
Bybit Launches 1-Ounce XAUT Options With Orbit Markets as Tokenized Gold Reaches Top-Tier Exchange
2 articles · Updated · CoinDesk · Jun 16
Summary
Bybit has gone live with Tether Gold options, offering European-style contracts settled in USDT and sized at one XAUT token—equal to one troy ounce of physical gold.
Orbit Markets is supplying institutional-grade liquidity through Bybit’s RFQ system, aiming to support hedging, gold-price speculation, volatility trades and custom OTC strategies from launch.
The rollout brings a multibillion-dollar gold options market onto a major crypto venue, where Bybit says demand is rising for traditional finance-style derivatives tied to tokenized assets.
XAUT options were already available on smaller platforms such as CoinCall, but Bybit’s move marks the first top-tier crypto exchange entry with dedicated market-maker support.
As crypto embraces gold options, will it disrupt traditional markets or simply inherit their risks?
With tokenized gold options now live, is the bigger risk in the smart contract or the physical gold vault?
Bybit Launches Tokenized Gold Options: Bridging TradFi and DeFi with XAUT Derivatives and Yield Products
Overview
Bybit's launch of XAUT options on June 16, 2026, marks a major step in digital finance by offering options on tokenized gold. This innovation bridges traditional finance with the crypto economy, giving traders new tools to engage with gold markets on a crypto exchange. With XAUT options, users can hedge risk, speculate on gold price movements, trade volatility, and build custom strategies to fit their market views. Bybit’s move empowers a wide range of trading strategies, making gold more accessible and dynamic for both traditional and digital asset investors.