Gold (XAU) Perpetual, USDT-Settled
A cash-settled perpetual contract tracking Gold, a commodity, settled in USDT with up to 100x leverage. You hold a derivative, not the underlying asset.
XAU/USDT-PERP is a cash-settled perpetual contract tracking Gold, a commodity. You hold a derivative, not the underlying commodity — there is no ownership and nothing is delivered. Margin and profit or loss are denominated in USDT, with leverage up to 100x, and the contract never expires.
The same instrument is also listed settled in USDC (up to 25x).
Other commodities listed as perpetual contracts: XAG, WTI, BRENT, NATGAS, COPPER and PLAT.
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