BTCC Launches Tokenized Commodities Enabling Users to Trade Gold and Silver with USDT

USDT could allow faster and more efficient transactions than conventional methods whilst the availability of gold and silver on various cryptocurrency exchanges may provide greater accessibility and liquidity to traders.

February 9, 2023 - BTCC announced that users can now trade gold, silver, and others such as Apple, Meta, and Microsoft merely by having USDT in their BTCC accounts and without having to open accounts on other conventional exchanges which trade stocks and commodities.

Trading in gold and silver in USDT may provide certain benefits such as a more stable value for trading and reducing volatility thanks to pegging to US$. Trading in precious metals like gold and silver has also been a traditional way to hedge against inflation and economic uncertainty.

"I've noticed that more and more people seem to be investing in gold using cryptocurrency these days. The popularity of investing in gold using cryptocurrency may be fueled by a combination of factors, including an increase in knowledge and understanding of cryptocurrency, the potential for high returns, and the opportunity to diversify an investment portfolio," says the Chief Research Officer at BTCC.

Trading gold and silver with USDT refers to exchanging tokenized commodities with Tether, a stablecoin pegged to the US dollar. This allows traders to trade the commodities while minimizing exposure to volatility in the crypto market. Tokenized commodities are digital assets representing ownership of a physical commodity, such as gold or silver. They are created through tokenization, which involves converting a real-world asset into a digital token that can be bought, sold, and traded on blockchain networks.

BTCC’s tokenized futures are fixed at 1:1 with the relevant stock/commodities market prices. However, BTCC’s tokenized futures have higher leverage at 50-150x allowing traders to choose leverage per their risk profile.

BTCC tokens are not in circulation on the market, and BTCC will only offer futures trading for services of the tokens. In contrast to conventional trading, BTCC only offers contract trading for services of the underlying stocks. If the underlying stock executes corporate actions, including dividends and bonuses, BTCC traders won’t qualify for those corporate actions.