How to trade gold and silver with cryptocurrency?

Table of Contents

Estimated reading time: 0 minutes

How to trade gold and silver with cryptocurrency?
In times of a crisis, sticking to hard assets could be the better option, such as gold and silver. But if you want to speculate on their price it was only possible in traditional futures markets. Is this possible with crypto?  On Kwenta you can now trade gold and silver with up to 25x leverage. Although you can speculate on the increase of the price of hard assets, users can also take advantage of downward price action by shorting them.

What is Kwenta? 

Kwenta is a decentralized derivatives trading platform, run on the Optimism blockchain which has low gas fees and near instant transactions. That offers real-world and on-chain synthetic assets using the power of the Synthetix protocol.  Kwenta works differently from traditional exchanges as its price feeds come from decentralized ChainLink oracles. Also there is no order book. Instead, trades are executed on the Synthetix debt pool. This ensures that traders have the liquidity they need at any price point to execute trades.

What are Synthetic Assets

A synthetic asset is a tokenized derivative that mimics the value of another asset. Using synthetic assets, you can trade $XAU or $XAG, which behaves like the underlying asset by tracking its price using data oracles such as Chainlink.
Kwenta Cryptocurrencies
Kwenta Cryptocurrencies
Crypto_Library_logo_512x512_svg

Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.