Gate XAUT Futures Volume Hits $338 Million – Ranks Second Globally

Gate’s 24-hour XAUT futures volume surged past $338 million, with open interest up over 37%, reflecting rising demand in global gold-backed derivatives trading.

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XAUT

Summary

Gate reported a 24-hour trading volume of $338 million in XAUT (Tether Gold) futures, securing the second-highest global ranking. Open interest grew by 37.59%, the largest increase among peers. The exchange offers continuous trading across precious metals, stocks, forex, commodities, and indices.

Terms & Concepts
  • XAUT (Tether Gold): A digital token issued by Tether that is pegged to the price of physical gold, enabling blockchain-based gold trading.
  • Futures: Financial contracts obligating parties to buy or sell an asset at a predetermined future date and price.
  • Open Interest: The total number of outstanding futures or options contracts that have not been settled, indicating market activity levels.