$XAUT ✨ $XAU ✨ $PAXG
Today the market brought us a surprise that we cannot overlook, and that is that Binance has finally given an official welcome to Tether Gold (XAUt) both in Spot and in its Perpetual Futures market.
I know that many of you will be scratching your heads wondering if this is the same as what we already had, and the truth is that there are important details that as traders we must master to avoid making mistakes.
To begin with, we must remember that we already had PAX Gold (PAXG) living on the exchange for a while, which is that regulated token in New York that many of us use for refuge. But what was really stirring the pot in recent months in the futures area was the XAUUSDT contract, which is basically trading the price of pure gold without having the token in hand.
So, what is special about what happened today with the arrival of XAUt? Well, now we have the backing of Tether, the same ones who created the stablecoin that we all use, but with the advantage that this new asset moves wonderfully on the BNB Chain. This is a blessing for us because the withdrawal fees are much lower than those of the Ethereum network that uses PAXG, giving us more flexibility to move capital.
The exciting part is that today you can already find the XAUt/USDT pair ready for scalping in futures with leverage of up to 50x. It's like having the best of both worlds, 🤔 the security of physical gold backed by a giant company and the speed of operation that we always seek on Binance.
So now you know, we have three ways to see gold on the screen, but this one today comes with all the strength of Tether's liquidity to give us good entries. Keep your eyes wide open with the volatility of this premiere and always manage your risk!.
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