Bitfinex launches margin trading for Tether Gold

According to The Block, the cryptocurrency exchange Bitfinex has increased the margin trading of the stable currency Tether Gold (XAUt) supported by physical gold. Starting on January 30, the exchange will support XAUt margin trading as well as USD, USDT and Bitcoin trading pairs. According to the press release, the margin function will require an initial equity of 20% and provide leverage up to 5 times.