Dubai, United Arab Emirates, April 3, 2025, Chain Wire
Gold prices have broken previous records of over $3,100 per ounce, strengthening their position as a key safe haven asset in an increasingly volatile global landscape. By trading volumes, BYBIT, the world’s second largest cryptocurrency exchange, recognizes the dynamics of this important market and reaffirms its commitment to providing the cryptocurrency community with seamless access to diverse financial opportunities. As the first crypto exchange to promote gold trading with USDT, BYBit allows traders to take advantage of these exceptional market movements.
Shunyet Jan, Head of Derivatives and Institutions at Bybitthe forecast continued its bullish momentum in gold, citing several key factors.
Strategic Central Bank Accumulation:
- Asian central banks are actively diversifying their reserves, increasing their gold holdings significantly while reducing their dependence on the US dollar. This strategic change creates sustained demand and places upward pressure on gold prices. Many countries are driven by their desire to reduce their dependence on the US dollar and have more diverse reserve assets.
Permanent geopolitical instability:
- The expected implementation of new tariffs under the Trump administration introduces important geopolitical uncertainty. These tensions, coupled with existing global conflicts, are expected to last, driving investors towards gold stability.
- The uncertainty surrounding the world trade situation will cause market volatility, which will increase the demand for safe shelter assets.
Gold as a reliable inflation hedge:
- Gold’s established role as an inflation hedge remains important, especially as concerns about price increases are intensified. Unlike cryptocurrencies like Bitcoin, gold maintains an inverse relationship with inflationary pressures, as it has been shown to have an increased correlation with broader market trends.
- Investors are moving to gold to protect their assets as inflation can increase caused by new tariffs and other global economic factors.
BYBIT’s aggressive approach to market trends introduced gold and forex trading in August 2024, and gold and forex copy trading began in January 2025. These initiatives democratize access to traditional financial markets and cater to traders of all levels of experience. Emphasizing the popularity of the platform, Bybit saw an astounding $10 billion gold trading volume of $10 billion yesterday alone.
Additionally, BYBIT will launch a permanent contract for Xautusdt today, giving traders even more opportunities to engage in the gold market in a crypto-born environment.
“The strategic integration of Buybit gold and Forex trading and innovative copy trading demonstrate our commitment to providing traders with diverse and accessible opportunities,” added Shunyet Jan.
About Bybit
By trading volumes, BYBIT is the world’s second largest cryptocurrency exchange, serving a global community of over 60 million users. Founded in 2018, BYBIT redefines openness in a decentralized world by creating a simple, open and equal ecosystem for all. With a focus on Web3, Bybit Partners is a strategic partner with key blockchain protocols, providing robust infrastructure and driving innovation on the chain. Famous for its secure custody, diverse markets, intuitive user experiences and advanced blockchain tools, the gap between Bybit Bridges Tradfi and Defi will help builders, creators and enthusiasts reach their full potential in Web3. Discover the future of decentralized finance at Bybit.com.
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