US EditionTokenized Gold Hits an All-Time High in Perp Volume on Binance
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Tokenized Gold hits an all-time high in perp volume on Binance
Tether Gold (XAUT), a tokenized gold asset, smashed its previous daily perpetual trading volume record on March 23 on Binance. As XAUT traded at approximately $4,552 on March 25, its perpetual trading, a crypto derivatives product that allows traders to speculate on the price of gold without ever owning the actual asset, peaked on the largest cryptocurrency exchange by trading volume. On Monday, the XAUT perpetual volume on Binance spiked to $6.…
XAUT Perpetual Futures Volume on Binance Hits New Record Peak Above $6B
XAUT, the tokenized gold stablecoin from Tether, recently claimed a new record high in perpetual futures trading volume on Binance. The gold-backed stablecoin XAUT has seen a massive rise in trading activity, reaching a new all-time high daily perpetual volume above $6 billion on Binance despite gold's recent price struggles.Visit Website
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
