Crypto Exchange BTSE Launches Gold Futures Priced In Bitcoin

BTSE, a British Virgin Islands-based crypto exchange, has announced a new tool that enables traders to speculate on the performance of bitcoin versus gold and predict the future development of the in-demand assets.

BTSE is a financial technology company that utilizes bitcoin and cryptocurrency technologies to develop solutions that empower users to take control of their financial freedom. As part of a suite of financial services designed to introduce innovative digital assets to the traditional finance landscape, BTSE’s developments include spot and derivatives trading, OTC, and lending services.

BTSE’s new bitcoin-priced gold futures will enable users to see and predict the price per troy ounce of London fine gold in BTC. According to the company, its gold index price is derived from Tether Gold (XAUt).

BTSE said that its bitcoin-priced gold futures are in line with bitcoin’s evolution into a globally recognized asset that continues to gain more attention not only as a speculative investment, but also as a hedge against inflation.

“Bitcoin is evolving into a matured store of value. The performance of gold versus Bitcoin fascinates both institutions and retail users, so we are excited to help traders directly trade and speculate on the performance of both assets in comparison with each other by launching a gold index that is priced in BTC,” said Jonathan Leong, CEO of BTSE.

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