Crypto Derivatives Platform Delta Exchange Launches XAUT Perpetual Contracts Against USDT

Crypto derivatives platform Delta Exchange has launched Tether Gold (XAUT) Perpetual Contracts with up to 20x leverage against USDT.

Delta Exchange is pioneering the sphere of stablecoin-settled contracts and supplying one of the largest markets for Altcoin Futures. The company’s mission is to provide efficient ways for retail and institutional investors to participate in derivatives trading. It is dedicated to helping clients leverage high-quality derivatives investment opportunities.

XAUT is a digital asset offered by TG Commodities Limited that allows holders to obtain the combined benefits of both physical and digital assets. XAUT holders are able to exercise ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility. The token can be transferred to any on-chain address from the purchasers’ Tether wallet after purchase and each specific gold bar(s) will be associated with an on-chain address where the Tether Gold is held. One full token represents one troy fine ounce of gold on a London Good Delivery bar.

With the high demand for trading Futures on gold-backed cryptoassets, especially a gold spikes rise as a result of the market sell-off being experienced due to worldly events, the option to trade on gold-backed assets provide a means of hedging to aid in the offsetting of risk.

“The introduction of Tether Gold (XAUT), the digital token, backed by physical gold onto the Delta Exchange platform is significant in opening a new sector of trading that will allow traders access to physical gold,” said Pankaj Balani, CEO of Delta Exchange. “These futures contracts will provide a means of hedging to aid in the offsetting of risk. We have received good demand for trading Futures on gold backed cryptoassets for some time now and as the gold prices spike, in the backdrop of Coronavirus scare and global markets sell-off, we expect to see good trading activity in XAUT Futures.”