Bybit Expands Gold and Silver Trading as Demand for Tokenized Metals Accelerates
Bybit is expanding its precious metals trading push with a new gold and silver campaign running through 30 April 2026, as interest in secure-haven assets continues to rise and tokenized commodity exposure becomes a more mainstream trading theme across crypto-native platforms.
Announced from Dubai, the initiative allows eligible users to trade a broad range of gold- and silver-linked instruments using a single USDT account, reinforcing Bybit’s strategy of bridging digital assets with traditional commodity markets through unified execution and capital-efficient access.
The move comes as gold and silver have regained attention as inflation hedges and geopolitical risk assets, while crypto platforms increasingly compete to offer tokenized “real-world asset” (RWA) exposure alongside spot and derivatives markets.
Campaign Runs Until April 30 With Multi-Product Metals Access via One USDT Account
Bybit said the campaign will run through 30 April 2026 and enables eligible users to trade a suite of precious metals products through a single USDT trading account. Supported instruments include tokenized gold spot and derivatives, plus a set of traditional metals-linked products available on the platform.
Products included in the campaign span:
- Spot trading: XAUT/USDT
- Futures trading: XAUTUSDT and PAXGUSDT
- Alpha product: XAUT0
- Traditional instruments: XAUUSD, XAUEUR, XAUJPY+, XAUAUD+, XAGUSD, XAGAUD
Bybit positioned the product mix as a way to provide traders with a unified experience across tokenized and traditional exposures without requiring multiple accounts or fragmented collateral pools. In practice, that design is aimed at active traders who want metals exposure but prefer crypto-style 24/7 infrastructure and stablecoin settlement.
Takeaway
XAUT Trading Focus Highlights Rising Demand for Tokenized Gold Products
The campaign places particular emphasis on XAUT (Tether Gold), which Bybit describes as “a tokenized representation of physical gold” issued by Tether and backed “one-to-one by fine gold held in secure vaults.” The token structure allows 24/7 tradability and fractional ownership, positioning it as a digital alternative to physical bullion ownership.
Bybit said it has become a leading venue for XAUT trading, reflecting demand for as investors look for secure-haven exposure with crypto-style execution speed.
The platform also highlighted recent infrastructure support for tokenized gold flows, including enabling XAUT deposits and withdrawals on the Mantle network. That addition is designed to expand cross-chain access and gold between wallets and platforms.
Tokenized commodities have historically remained niche compared to spot crypto markets. However, Bybit’s focus on XAUT and PAXG reflects how platforms are now actively pushing RWAs as a bridge product for traders who want “real-world” hedges without leaving the crypto ecosystem.
Takeaway
Yield, Airdrops and Incentives Add a Crypto-Native Layer to Metals Exposure
Beyond trading, Bybit is pairing metals exposure with crypto-native incentives — a model that traditional commodity brokers cannot easily replicate. The platform said the campaign provides yield opportunities for gold token holders through its simple Earn suite.
Bybit supports XAUT Flexible simple Earn with annualised yields of “up to 11% APR,” allowing users to earn returns on idle tokenised gold holdings while keeping the position flexible.
In addition, Bybit said eligible users who complete at least one trade in any supported gold- or silver-related asset during the campaign period may qualify for a chance to receive “up to 2,000 USDT” in airdrop rewards, subject to risk controls and eligibility checks.
From a market structure standpoint, this is how crypto platforms “financialise” commodities: they combine spot, derivatives, yield wrappers and promotional incentives into one ecosystem. For Bybit, that approach supports user retention and volume growth. For traders, it turns metals into an asset class that behaves more like crypto — tradable, yield-bearing and reward-driven.
Bybit noted that participation is subject to terms and conditions, and that certain jurisdictions are excluded, including users in the .
