WEEX launches spot and perpetual contracts for the silver token XAG.
TL;DR
WEEX launched Silver (XAG) spot and perpetual contracts on January 7, offering digital derivatives pegged to global silver prices. This move supports precious metal token trading amid a market rally, with silver gaining over 150% in the past year.
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On January 8, WEEX announced that it had launched Silver (XAG) spot and perpetual contracts on January 7.
Silver is a digital derivative based on the spot price of silver (XAG), pegged in real-time to the silver prices of major global markets. Over the past year, precious metals have experienced an epic market rally, with silver topping the global asset class return list with a gain of over 150%, and gold achieving its largest annual gain in nearly half a century with a 66% increase. WEEX now supports spot and contract trading of various precious metal tokens such as PAXG, XAUT, and XAG to meet the investment needs of users in the crypto market.