The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitget's CFD platform has reached a record $8 billion in trading volume, driven by gold prices surpassing the $5,000 per ounce milestone. Gold-linked contracts accounted for 95% of this activity, bolstered by the rising prominence of gold-backed digital assets. Specifically, the market capitalization of Tether Gold (XAUt) has reached $3.3 billion, with the token backed by 154 tons of physical gold reserves. This surge reflects a growing pivot by traders in China and Europe toward precious metals via crypto-adjacent platforms to hedge against global volatility. The record volume underscores the increasing integration of traditional commodities into digital asset ecosystems amid heightened geopolitical tensions.
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