DUBAI, UAE, Jan. 29, 2026 /PRNewswire/ -- Bybit , the world's second-largest cryptocurrency exchange by trading volume, announced that it has become the No.1 centralized exchange for spot trading of Tether Gold (XAUT) , commanding approximately 15.75% of total XAUT trading volume among centralized venues, according to CoinGecko data. "Spot gold rose over 64% in 2025 - its biggest annual gain since 1979," said Han Tan, Chief Market Analyst at Bybit Learn. The concentration of XAUT trading on Bybit reflects a broader shift in how market participants are approaching the current bull cycle. The platform offers spot trading, margin trading with up to 10x leverage, and derivatives trading with up to 50x leverage. Bybit / CryptoArk / IMakeItAbout BybitBybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users.