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Deribit Partners With Paxos to Launch Pax Gold Futures and Options Trading

Introduction

Deribit, a leading digital derivatives exchange, has announced a significant expansion of its offerings by introducing the Pax Gold token (PAXG) to its platform. This move is expected to provide traders with a new asset class to diversify their portfolios, while also offering a tangible and secure way to invest in gold.

Key Features of Pax Gold

  • 1:1 backed by a fine troy ounce of LMBA good delivery gold vaulted in London
  • Available in various forms, including spot, perpetual, futures, and derivatives
  • Empowers traders to diversify their portfolios with a new asset class
  • Benefits of Trading Pax Gold on Deribit

  • Increased liquidity: With the addition of PAXG to its platform, Deribit is expected to increase liquidity in the gold market, making it easier for traders to buy and sell gold. Improved security: Pax Gold is backed by a tangible asset, providing traders with a secure way to invest in gold. Diversification opportunities: By offering Pax Gold, Deribit empowers traders to diversify their portfolios, reducing their reliance on traditional assets like stocks and bonds. ### How Pax Gold Works**
  • How Pax Gold Works

    Pax Gold is a digital token that represents a claim on a physical gold asset.

    Introduction

    The world of cryptocurrency has seen a significant surge in the adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs). Amidst this growth, Pax Gold (PAXG) has emerged as a notable player in the market. As an ERC-20 token backed by 1:1 gold reserves, PAXG has garnered attention from investors and traders alike. In this article, we will delve into the world of Pax Gold, exploring its features, benefits, and the various products offered by Deribit.

    What is Pax Gold? Pax Gold is an ERC-20 token issued by Paxos, a well-established digital asset platform. The token is designed to provide a secure and transparent way to invest in gold, leveraging the benefits of blockchain technology. By backing PAXG with 1:1 gold reserves, Paxos ensures that the token’s value is pegged to the value of gold, providing a stable store of value and a hedge against inflation. ### Key Features of Pax Gold

  • Backed by 1:1 gold reserves: PAXG is backed by a 1:1 ratio of gold reserves, ensuring that the token’s value is pegged to the value of gold. ERC-20 token: PAXG is an ERC-20 token, allowing for seamless integration with existing DeFi platforms and wallets. Transparency: Paxos provides transparent and auditable records of the gold reserves backing PAXG, ensuring that investors can trust the token’s value.

    The Rise of Pax Gold

    Pax Gold is the latest innovation in the world of blockchain and cryptocurrency, offering a unique solution to the traditional gold market. The concept of Pax Gold is rooted in the idea of providing a secure and transparent way to invest in gold, while also offering a new level of accessibility to traders.

    Key Features of Pax Gold

  • Physical Gold Backing: Each Pax Gold token is backed by an ounce of real, physical gold, providing a tangible asset for investors. Seamless Trading: Traders can now gain seamless access to the highest-grade physical gold held in custody by Paxos through Deribit.

    The company was founded in 2017 by a group of experienced traders and investors who recognized the need for a more efficient and transparent platform for trading crypto derivatives.

    The Founding of Deribit

    Deribit was founded in 2017 by a group of experienced traders and investors who were dissatisfied with the existing crypto derivatives market. They recognized the need for a more efficient and transparent platform for trading crypto derivatives, and set out to create a centralized, institutional-grade exchange that would cater to the needs of professional traders and investors.

    Key Features of Deribit

  • Centralized Exchange: Deribit is a centralized exchange, meaning that all trades are executed on a single platform, reducing the risk of market manipulation and increasing the efficiency of trades. Institutional-Grade: Deribit is designed to cater to the needs of professional traders and investors, offering advanced features and tools that are not available on other exchanges. Options and Futures Trading: Deribit offers options and futures trading, allowing users to trade a wide range of assets, including cryptocurrencies, commodities, and indices. * Regulatory Compliance: Deribit is committed to regulatory compliance, ensuring that all trades are executed in accordance with relevant laws and regulations. ## The Benefits of Using Deribit**
  • The Benefits of Using Deribit

    Using Deribit offers several benefits, including:

  • Increased Efficiency: Deribit’s centralized exchange and institutional-grade features make it easier to execute trades quickly and efficiently.

    Paxos’s regulatory compliance is the key to its success in the blockchain and tokenization revolution.

    The Rise of Paxos: A New Era in Blockchain and Tokenization

    Paxos has been at the forefront of the blockchain and tokenization revolution, transforming the way financial institutions and businesses operate. With its cutting-edge technology and regulatory compliance, Paxos has established itself as a leader in the industry.

    Regulatory Compliance: The Key to Success

    Paxos’s regulatory compliance is a significant factor in its success. The company is licensed to engage in virtual currency business activity by the New York Department of Financial Services (NYDFS), a testament to its commitment to adhering to the highest standards of regulation. This license allows Paxos to operate in the virtual currency space, issuing regulated digital assets that are recognized by governments and institutions worldwide.

    Media Contact M Group Strategic Communications (on behalf of Deribit) deribit@mgroupsc.com Logo – https://mma.prnewswire.com/media/2359647/Deribit_logo.jpg View original content:https://www.prnewswire.co.uk/news-releases/deribit-partners-with-paxos-to-launch-pax-gold-futures-and-options-trading-302332982.html

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