Gold Prices Soar to Record Highs as Bybit Empowers Traders
Dubai, UAE, April 3rd, 2025, Chainwire – In a remarkable turn of events, gold prices have skyrocketed to unprecedented levels, now exceeding an astonishing $3,100 per ounce. This surge solidifies gold’s reputation as a crucial safe-haven asset in a world marked by increasing volatility and uncertainty. Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, is keenly aware of this significant market shift and is dedicated to offering the cryptocurrency community enhanced access to a variety of financial opportunities. As a pioneering crypto exchange, Bybit is the first to enable gold trading using USDT, empowering traders to take full advantage of these extraordinary market trends.
Shunyet Jan, Head of Derivatives and Institutions at Bybit, anticipates a sustained bullish trend for gold, pointing to several pivotal factors:
1. Strategic Central Bank Accumulation:
- Central banks across Asia are actively diversifying their reserves, ramping up gold holdings while decreasing their reliance on the US dollar. This strategic pivot is not just a trend; it signifies a long-term commitment to gold, creating a robust demand that is likely to keep pushing prices upward. Many nations are motivated to lessen their dependency on the US dollar and diversify their reserve assets.
2. Persistent Geopolitical Instability:
- The anticipated reinstatement of new tariffs under the Trump administration is generating significant geopolitical uncertainty. This environment of tension, combined with ongoing global conflicts, is likely to push investors toward the safety of gold.
- The unpredictable nature of the global trade landscape is expected to fuel market volatility, which, in turn, will elevate the demand for safe-haven assets like gold.
3. Gold as a Reliable Inflation Hedge:
- Gold’s long-standing role as a hedge against inflation remains vital, especially as apprehensions around rising prices grow. Unlike cryptocurrencies such as Bitcoin, which have shown a tendency to correlate with broader market trends, gold continues to exhibit an inverse relationship with inflationary pressures.
- With the likelihood of rising inflation due to new tariffs and various global economic factors, investors are increasingly turning to gold as a safeguard for their assets.
Bybit’s forward-thinking approach to market trends prompted the introduction of Gold & FX Trading back in August 2024, followed by the launch of Copy Trading for Gold & FX in January 2025. These initiatives have made traditional financial markets more accessible, catering to traders of every experience level. To highlight the platform’s growing popularity, Bybit reported an impressive $10 billion in gold trading volume just yesterday.
As an exciting addition, Bybit is set to roll out XAUTUSDT perpetual contracts today, further enhancing the opportunities for traders to engage with gold markets within a crypto-native framework.
“Bybit’s strategic integration of Gold & FX trading, alongside our innovative Copy Trading features, showcases our commitment to empowering traders with diverse and accessible opportunities,” expressed Shunyet Jan.
About Bybit
Bybit stands as the world’s second-largest cryptocurrency exchange by trading volume, proudly serving a global community of over 60 million users. Founded in 2018, Bybit is on a mission to redefine transparency in the decentralized world, fostering a simpler, more open, and equitable ecosystem for all. With a keen focus on Web3, Bybit strategically collaborates with leading blockchain protocols to build robust infrastructure and drive on-chain innovation. Renowned for its secure custody solutions, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the divide between traditional finance (TradFi) and decentralized finance (DeFi), empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Head of PR
Tony Au
Bybit
media@bybit.com