Bybit’s Shunyet Jan Predicts Sustained Gold Rally Amid Record-Breaking Surge, Platform Sees $10 Billion Gold Trading Volume in a Day

Dubai, UAE, April 3rd, 2025, Chainwire Gold prices have shattered previous records, exceeding $3,100 per ounce, reinforcing their position as a vital safe-haven asset in an increasingly volatile global landscape. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, recognizes this critical market dynamic and reaffirms its commitment to providing the cryptocurrency community with seamless access to diverse financial opportunities. As the first crypto exchange to facilitate gold trading with USDT, Bybit empowers traders to capitalize on these exceptional market movements. Shunyet Jan, Head of Derivatives and Institutions at Bybit, forecasts continued bullish momentum for gold, citing several key factors: Strategic Central Bank Accumulation: Asian central banks are actively diversifying their reserves, significantly increasing gold holdings while reducing reliance on the US dollar. This strategic shift creates sustained demand and exerts upward pressure on gold prices. Many nations are driven by the desire to reduce dependency on the US dollar, and to have more diversified reserve assets. Persistent Geopolitical Instability: The anticipated implementation of new tariffs under the Trump administration introduces significant geopolitical uncertainty. These tensions, coupled with existing global conflicts, are expected to persist, driving investors towards the stability of gold. The uncertainty surrounding the global trade situation will cause market volatility, which in turn will increase the demand for safe haven assets. Gold as a Reliable Inflation Hedge: Gold’s established role as an inflation hedge remains crucial, particularly as concerns about rising prices intensify. Unlike cryptocurrencies like Bitcoin, which have demonstrated increased correlation with broader market trends, gold maintains its inverse relationship with inflationary pressures. Because of the possibility of rising inflation caused by the new tariffs, and other worldwide economic factors, investors are moving to gold to protect their assets. Bybit’s proactive approach to market trends led to the introduction of Gold & FX Trading in August 2024, followed by the launch of Copy Trading for Gold & FX in January 2025. These initiatives have democratized access to traditional financial markets, catering to traders of all experience levels. Highlighting the platform’s popularity, Bybit saw a remarkable $10 billion in gold trading volume yesterday alone. Additionally, Bybit will launch XAUTUSDT perpetual contracts today, providing traders with even more opportunities to engage with gold markets in a crypto-native environment. “Bybit’s strategic integration of Gold & FX trading, combined with our innovative Copy Trading, demonstrates our commitment to empowering traders with diverse and accessible opportunities,” added Shunyet Jan. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serv in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Dubai, UAE, April 3rd, 2025, Chainwire Gold prices have shattered previous records, exceeding $3,100 per ounce, reinforcing their position as a vital safe-haven asset in an increasingly volatile global landscape. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, recognizes this critical market dynamic and reaffirms its commitment to providing the cryptocurrency community with seamless access to diverse financial opportunities. As the first crypto exchange to facilitate gold trading with USDT, Bybit empowers traders to capitalize on these exceptional market movements. Shunyet Jan, Head of Derivatives and Institutions at Bybit, forecasts continued bullish momentum for gold, citing several key factors: Strategic Central Bank Accumulation: Asian central banks are actively diversifying their reserves, significantly increasing gold holdings while reducing reliance on the US dollar. This strategic shift creates sustained demand and exerts upward pressure on gold prices. Many nations are driven by the desire to reduce dependency on the US dollar, and to have more diversified reserve assets. Persistent Geopolitical Instability: The anticipated implementation of new tariffs under the Trump administration introduces significant geopolitical uncertainty. These tensions, coupled with existing global conflicts, are expected to persist, driving investors towards the stability of gold. The uncertainty surrounding the global trade situation will cause market volatility, which in turn will increase the demand for safe haven assets. Gold as a Reliable Inflation Hedge: Gold’s established role as an inflation hedge remains crucial, particularly as concerns about rising prices intensify. Unlike cryptocurrencies like Bitcoin, which have demonstrated increased correlation with broader market trends, gold maintains its inverse relationship with inflationary pressures. Because of the possibility of rising inflation caused by the new tariffs, and other worldwide economic factors, investors are moving to gold to protect their assets. Bybit’s proactive approach to market trends led to the introduction of Gold & FX Trading in August 2024, followed by the launch of Copy Trading for Gold & FX in January 2025. These initiatives have democratized access to traditional financial markets, catering to traders of all experience levels. Highlighting the platform’s popularity, Bybit saw a remarkable $10 billion in gold trading volume yesterday alone. Additionally, Bybit will launch XAUTUSDT perpetual contracts today, providing traders with even more opportunities to engage with gold markets in a crypto-native environment. “Bybit’s strategic integration of Gold & FX trading, combined with our innovative Copy Trading, demonstrates our commitment to empowering traders with diverse and accessible opportunities,” added Shunyet Jan. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serv” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.