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July 11, 2020
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Crypto exchange BTSE launches Bitcoin-denominated gold futures

Bitcoin-denominated gold futures cryptocurrency (crypto asset) exchange BTSE announced on October 10 that it will launch a gold futures trading on Bitcoin (BTC). According to the official announcement, the transaction will start immediately. The futures trade in anticipation of a rise or fall in the price of one troy ounce of gold (about 31 grams) against BTC. Use Tether Gold (XAU₮) as an indicator of the price of gold. BTSE claims it is the world’s first exchange to launch BTC-denominated gold futures. While the spread of new coronavirus infection affects the global economy, BT…

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