Now Live: Trade Silver (XAG) and Gold (XAUt) Perpetual Swaps on BitMEX

As of 11 March at 12:00 UTC, a new perp listing for Silver (XAG) – XAGUSDT – is now available to trade on BitMEX, with up to 20x leverage. Expanding exposure to commodities markets, XAGUSDT joins Tether Gold (XAUt), via the XAUtUSDT perpetual swap. 

To celebrate the listing, we are hosting the Gold vs Silver Campaign, where participants trading XAGUSDT or XAUtUSDT are eligible to compete for a share of a $30,000 prize pool, including physical gold bars, silver tokens, and $10,000 in trading credits.

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,050 in Trading Credits for verified users- you can register here.

Strategic Differentiation: Tokenised Commodities

By trading these perpetual swaps, users can access the price movements of silver and gold 24/7 with up to 33.3x leverage, without the logistical requirements of physical custody.

Traders can now access our gold and silver markets through the following contracts: 

Silver (XAG): Trade XAGUSDT

Gold (XAUt):Trade XAUtUSDT

XAGUSDT and XAUtUSDT Contract Specs

Both perpetual swaps are linear, margined in USDT. This allows users to gain exposure to the price of the Silver and Tether Gold, and trade with leverage without needing to have any XAG or XAUt holdings.

Key contract details for the token listings:

About XAG

Our XAGUSDT (Silver) Perp is a synthetic derivative that allows you access leveraged exposure to Silver prices as traded on traditional markets directly on BitMEX. Like other perpetual swaps, it never expires, trades 24/7, with up to 20x leverage, and settles in USDT (Tether).

The index price of the XAGUSDT on BitMEX is constructed using oracles that track traditional markets. When traditional markets are open, the majority of the index price is referenced cash prices provided by oracles (Pyth and Chainlink), with the remainder made up of the median of the bid, ask and last prices of the XAGUSDT contract on BitMEX. When traditional markets are closed, the index price will be the median of the bid, ask, and last prices on the XAGUSDT contract on BitMEX: in this case a 2% hourly price band is applied. Click here to learn more about the mark method applied to this contract. 

About XAUt

Tether Gold (XAUt) is a digital asset backed by physical gold, offering a blockchain-based way to buy, hold, and transfer gold ownership. Each XAUt token corresponds to one troy ounce of real gold, securely stored in Swiss vaults. This process, underpinned by blockchain technology, guarantees a transparent and unalterable record of ownership. This innovation in gold investment allows investors to buy, hold, and transfer fractional amounts of gold with ease.

To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders. 

For the absolute latest, follow us on Twitter, join our Telegram channel or read our blog and site announcements. 

In the meantime, if you have any questions please contact Support who are available 24/7.

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