RabbitX, a prominent exchange for permissionless perpetual futures, has announced its latest collaboration with Paxos, a well-known asset tokenization and blockchain infrastructure platform. As a part of this collaboration, Rabbit and Paxos are offering trading of gold futures with Paxos Gold perpetual futures. The platform revealed this collaboration in its recent press release and tweet.

RabbitX and Paxos Partner to Offer Gold Futures Trading

As a part of RabbitX and Paxos’ mutual initiative for gold futures trading, $PAXG will operate as the central digital asset. It is completely supported by physical gold with a 1:1 collateral. The project enables 24/7 trading of gold perpetual futures to facilitate traders with a massive 50x leverage. In this respect, the traders can utilize RabbitX to transparently and safely enjoy a significant leverage with gold-backed asset trading.

RabbitX permits the consumers to carry out the gold perpetual futures trading at any time. In addition to this, the development also offers real-time settlement, full on-chain transparency, as well as zero fees. Simultaneously, in a remarkable achievement, RabbitX has exceeded the 100,000 mark in terms of connected consumers.

RabbitX Enables 50x Gold Futures Trading Across 5 Blockchains

RabbitX is also integrated across up to 5 key blockchains, including Sonic, Blast, Base, Arbitrum, and Ethereum. This solidifies its status as a key exchange for decentralized futures. Thus, the mutual endeavor provides a notable opportunity for the traders to get huge leverage on gold perpetual futures trading in a compliant and transparent manner.

According to RabbitX, a key feature of the gold futures that it is releasing in collaboration with Paxos is continuous trading. In this way, the traders can perform trading of gold perpetual futures across time zones and even on holidays and weekends with an enormous 50x leverage.

Apart from that, the initiative eliminates the requirement for clearing houses or intermediaries while offering zero free trading. Additionally, the initiative offers real-time settlement as well as margin updates.