The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
BTSE's new perpetual futures contract tracks the value of tether gold tokens priced in bitcoin.
On Thursday, hourly trading volume in Tether Gold climbed to over $13 million, up from roughly $1 million the day before.
Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.
Bitfinex has launched margin trading for Tether Gold with select pairs of up to five times leverage.