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ROAD TOWN, British Virgin Islands, January 30, 2020 – Bitfinex, a state-of-the-art digital asset trading platform, has launched margin trading for Tether Gold, enabling traders to execute more advanced strategies on the metal in a digital form.
Margin trading for Tether Gold with US dollar (XAU₮/USD), tether (XAU₮/USD₮t), and bitcoin (XAU₮/BTC) began on 30/01/20 at 12:00 PM UTC. These pairs can be traded with an initial equity of 20% and a maximum leverage of 5x. Furthermore, the maximum leverage for BTC/USD has been increased from 3.3x to 5x.
“The launch of margin trading on Tether Gold will allow more advanced trading strategies, enabling a more sophisticated means of hedging exposure and managing risk,” said Paolo Ardoino, CTO at Bitfinex. “Raising our leverage from 3.3x to 5x is a noteworthy development, and is also timely given growing interest in gold and the recent flight to assets perceived as a hedge against crisis events and geopolitical risks.”
Margin trading enables traders to borrow funds to increase leverage, offering the potential for greater profits than in traditional trading. Still, the potential for greater rewards also comes with higher levels of risk, particularly given the volatility of digital assets.
About Tether Gold (XAU₮)
XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar.
Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAU₮ token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
Today, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.
For more information on XAU₮, please visit: https://gold.tether.to/
Important Note
This post is not an offer to sell or the solicitation of an offer to buy XAU₮. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as ofat the date of this press release) at gold.tether.to/legal.
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About Bitfinex
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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