Bybit Emerges as the Top Player in Global XAUT Spot Trading Amid Rising Tokenized Gold Values

Bybit's Dominance in the XAUT Market

In a remarkable turn of events, Bybit, the second-largest cryptocurrency exchange by trading volume, has announced its position as the leading centralized exchange for the spot trading of Tether Gold (XAUT). As noted in a recent report by CoinGecko, Bybit captures around 15.75% of the total XAUT trading volume across centralized exchanges.

The increasing activities around XAUT come as its price reaches new all-time highs, hovering around $5,500. This surge is closely associated with the physical gold market, which has recently seen prices exceed $5,000. Factors contributing to the rising gold prices include macroeconomic uncertainties, ongoing inflation fears, escalating geopolitical tensions, and the continuous accumulation of gold by central banks. These elements have collectively reaffirmed gold's status as a vital asset for hedging and preserving value globally.

Han Tan, Bybit's Chief Market Analyst, highlighted, "Spot gold saw an incredible 64% rise in 2025, marking its most significant annual gain since 1979. If the current macro conditions persist and central banks alongside ETF investors keep purchasing, gold is likely to reach new highs throughout 2026."

As demand for gold-backed tokens such as XAUT grows, Bybit has solidified itself as the primary hub for liquidity and price discovery. Notably, trading on Bybit remains consistent, even during weekends and whenever traditional commodities markets are inactive. This robust liquidity makes Bybit an essential destination for traders looking to adjust their gold holdings in real-time, regardless of conventional trading hours.

The concentration of XAUT trading on Bybit signifies a broader trend in how market participants are engaging with the ongoing bull market. An increasing number of traders are opting for tokenized real-world assets (RWAs) like gold-backed tokens, as they seek to balance the volatility associated with digital asset portfolios while taking advantage of the speed, accessibility, and vast reach offered by cryptocurrency markets.

Emily Bao, Head of Spot at Bybit, acknowledged, "The resurgence of gold is reflected on the blockchain with XAUT, and traders are increasingly selecting Bybit as their preferred platform for trading. We've concentrated on creating the deepest liquidity and the most dependable market access, which facilitates efficient executions as tokenized gold emerges as a core macro asset in the crypto landscape."

Bybit's diverse product offerings enable traders to leverage XAUT's upward momentum through various strategies. The exchange provides options for spot trading, margin trading with leverage of up to 10x, and derivatives trading with an ample leverage of 50x. Furthermore, users can deposit XAUT across multiple blockchain networks, including Solana, Ethereum, Mantle, Monad, and TON. The platform also supports automated strategies such as Dollar-Cost Averaging (DCA), recurring purchases, and Grid Bot trading, along with on-chain tools for alpha trading and yield farming, thus allowing users multiple avenues to engage with the gold market.

As the tokenized gold sector continues to expand, Bybit is committed to ensuring strong liquidity, around-the-clock trading access, and institutional-grade infrastructure. This dedication underlines Bybit's status as the foremost centralized exchange for XAUT trading amid the current gold-driven bull market.

About Bybit

Founded in 2018, Bybit is recognized as the world's second-largest cryptocurrency exchange by trading volume, catering to a global user base of over 80 million. The exchange aims to redefine accessibility in the decentralized realm, fostering a transparent ecosystem for all. With an emphasis on Web3, Bybit is strategically partnered with leading blockchain protocols to provide a solid infrastructure and promote on-chain innovations. Noted for its secure custody services, varied marketplaces, user-friendly experience, and cutting-edge blockchain tools, Bybit bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi). To delve deeper into decentralized finance, visit Bybit.com. For media inquiries, reach out via [email protected].