Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.
Bitfinex has launched margin trading for Tether Gold with select pairs of up to five times leverage.
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX.