Revolutionizing Gold and Commodities Markets with On-Chain, Zero-Fee Perpetual Futures

Singapore, 8th May, 2025 – RabbitX, a leading zero fees decentralized perpetual futures exchange, has partnered with Paxos, a regulated blockchain infrastructure provider, to launch Pax Gold (PAXG) perpetual futures, ushering in a new era of 24/7, transparent, and permissionless gold and commodities trading.

PAXG is a digital asset fully backed 1:1 by physical gold held in custody and independently audited, giving traders access to the security of real-world assets with the flexibility and efficiency of crypto markets. Through RabbitX, users can trade gold perpetual futures any time, with real-time settlement, zero fees, and complete on-chain transparency.

Built on the Ethereum ecosystem, RabbitX has surpassed 100,000 connected users and is integrated across five major blockchains including Ethereum, Arbitrum, Base, Blast, and Sonic,  solidifying its position as one of the most connected decentralized futures exchanges.

Pioneering a New Standard in Gold and Commodities Onchain Trading

In today’s increasingly uncertain geopolitical landscape, where concerns of a trade war with China are driving global investors toward safe-haven assets like gold, the ability to seamlessly trade both Gold and Bitcoin on a single platform is more critical than ever. By integrating traditional and digital commodities on RabbitX, users can hedge against macroeconomic risks with increased flexibility and speed.

Commodities remain one of the largest asset classes globally. As the financial world becomes more fragmented, RabbitX is committed to unifying access to derivatives through a platform that supports real-time cross-margining between crypto and traditional markets. 

The launch of PAXG perpetual futures is a transformative leap for commodities markets traditionally bound by legacy infrastructure, restricted trading hours, and opaque systems. With RabbitX’s integration:

• Gold becomes tradable 24/7, including weekends and holidays, thus removing the traditional 9-to-5 market constraints.
• No middlemen or brokers are needed because individual traders can directly access the market and manage exposure without relying on third parties.
• Real-time settlement and margining ensures that positions are updated instantly, reducing systemic risk and avoiding cascading margin calls like those seen in the London Metal Exchange (LME).
• On-chain custody eliminates counterparty and insolvency risks, offering a more transparent and secure alternative to traditional clearing houses.
• Zero trading fees make gold futures more accessible and efficient for all market participants.

Perpetual futures native to decentralized finance offer a more efficient and innovative structure than traditional futures or CFDs, with 24/7 market access, instant funding, and settlement. By eliminating delays like T+1 or T+2, RabbitX delivers superior capital efficiency and trading agility in a volatile global environment.

“PAXG integrates the enduring stability of physical gold with the advanced functionality of digital assets,” said Ronak Daya, Head of Product at Paxos. “Our collaboration with RabbitX will enable its extensive user base to engage in gold perpetual futures trading, benefiting from real-time settlement, zero transaction fees, and comprehensive on-chain transparency.”

Ming Wu, Founder of RabbitX, expressed his excitement and said, “We're really excited about the launch of Paxos Gold futures on RabbitX, enabling 24/7 futures trading of the premier Gold-backed token. Perpetual futures enhance futures trading, and we are pleased to partner with Paxos to support trading in PAXG token futures”

Bridging Traditional Assets with DeFi Infrastructure

This partnership marks the first step in the intersection of traditional finance and decentralized markets. For the first time ever, gold, which is one of the oldest and most reliable stores of value, is being traded in a modern, borderless format that aligns with the needs of today’s global, digital economy.

About RabbitX

RabbitX is a global, permissionless perpetual futures exchange built for the next generation of traders. Launched in 2023, RabbitX aims to redefine market access by combining speed, transparency, and zero fees. The platform offers deep liquidity across 100+ markets, up to 50x leverage, and low-latency execution, available 24/7 with no account restrictions. Fully on-chain and secured by Ethereum, RabbitX is rebuilding the foundation of finance with real-time settlement, automated clearing, and price transparency at its core. For more information, please visit https://rabbitx.com

About Paxos

Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous  digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing stablecoin Lift Dollar (USDL). Paxos Singapore is the issuer of Global Dollar (USDG), a USD-backed stablecoin that powers Global Dollar Network and is compliant with the MAS’ upcoming stablecoin framework. USDG is also available on Solana. Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

Press Contact

Shilika Jain, Head of PR at Myosin (On behalf of RabbitX)