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Bitget, a famous cryptocurrency exchange, is going to expand the trading possibilities by introducing gold trading with Tether ($USDT), along with other traditional asset classes. The only purpose of this launch is to enhance the trading possibilities along with the existing traditional assets. Bitget is also known as a major global crypto exchange and plays a significant role in helping cryptocurrency users.
The other side of this step is that a stronger connection is going to be built between traditional finance (TradFi) and Web3 technology. As the world is growing, everybody needs protection and safe future decisions for their digital assets. Gold remains an important asset at all times, whether it is in the past, present, or almost in the coming future. Gracy Chen, the CEO of Bitget, has released this news through its official social media X account.
Bitget is a step toward an improvement in the way of trading and every day seeks an opportunity to strengthen the users’ assets. Now, users will be able to trade in crypto assets, stocks, Gold, and Forex (FX) under USDT without the need for any conversion into fiat for making it tradable.
Gold is a timeless favorite and considered a more authentic and ownable asset with mental satisfaction. So, many people have purchased a lot of assets in the form of holding gold. Moreover, Gold is also acceptable and given the title of a universal tradable asset.
In short, USDT is going to become a major trading currency that allows holders of different assets to convert their assets into tradable assets, all over the world. In addition, there is another advantage in that there is no involvement of banks, ensuring faster execution, easier for global users, and seamless switching between various assets.
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