Han Tan, Chief Market Analyst at Bybit Learn, Emily Bao, Head of Spot at Bybit, and Vikas Gupta, Country Manager India at Bybit, say rising macro uncertainty and demand for gold-backed tokens have driven XAUT volumes to new peaks
Tag: digital gold alternatives for portfolio diversification
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Tokenized Gold Hits Fresh Highs as Bybit Emerges as the Leading Venue for XAUT Spot Trading
Tokenized gold trading has gained momentum as macroeconomic uncertainty and rising gold prices push investors toward safe-haven assets, with Bybit emerging as the leading centralised exchange for spot trading in Tether Gold (XAUT). The exchange currently accounts for approximately 15.75 percent of total XAUT spot trading volume across centralised platforms, according to data cited from CoinGecko
Han Tan, Chief Market Analyst at Bybit Learn, said spot gold recorded its strongest annual performance in decades during 2025. He said continued central bank buying and sustained investor demand could support further upside if current macro conditions persist into 2026.
The concentration of XAUT trading on Bybit reflects a broader shift in how market participants are navigating the current bull cycle. Traders are increasingly using tokenized real-world assets such as gold-backed tokens to manage volatility in digital asset portfolios while retaining the speed and accessibility of crypto markets.
In India, where gold has long held cultural and financial significance, interest in tokenized gold products is also growing. Vikas Gupta, Country Manager India at Bybit, said Indian traders are increasingly seeking transparent, round-the-clock access to gold exposure through digital assets, particularly amid ongoing global uncertainty.