{"id":4670,"date":"2024-12-24T11:51:07","date_gmt":"2024-12-24T11:51:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4670"},"modified":"2024-12-24T11:51:07","modified_gmt":"2024-12-24T11:51:07","slug":"deribit-eyes-growth-in-asset-backed-crypto-with-pax-gold-debut","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4670","title":{"rendered":"Deribit Eyes Growth In Asset-Backed Crypto With Pax Gold Debut"},"content":{"rendered":"<div>\n<p>Crypto derivatives exchange <strong>Deribit <\/strong>is building on the success of its recent addition, <strong>Pax Gold<\/strong>, as it explores expanding into <a href=\"https:\/\/www.benzinga.com\/news\/events\/24\/11\/42012198\/a-new-era-how-tokenization-could-reduce-frictions-and-potentially-costs-in-finance\">asset-backed crypto products<\/a>.<\/p>\n<p>Within its first week, PAXG trading on Deribit exceeded $250 million in notional value, signaling strong interest in gold-backed tokens among traders, according to company executives. <\/p>\n<p>In an interview with Benzinga, <strong>Shaun Fernando<\/strong>, Chief Risk Officer and Head of Product Strategy at Deribit, described the debut as aligned with market demand. <\/p>\n<p>&#8220;There&#8217;s significant overlap between gold and crypto traders,&#8221; he said, adding, &#8220;PAXG provides stability and flexibility, making it a natural fit for our platform.&#8221;<\/p>\n<p>PAXG, backed 1:1 by LBMA-accredited gold reserves, offers traders several advantages, including 24\/7 trading, no management &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42667518\/deribit-eyes-growth-in-asset-backed-crypto-with-pax-gold-debut\" alt=\"Deribit\" eyes growth in asset-backed crypto with pax gold debut>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto derivatives exchange Deribit is building on the success of its recent addition, Pax Gold, as it explores expanding into asset-backed crypto products. Within its first week, PAXG trading on Deribit exceeded $250 million in notional value, signaling strong interest in gold-backed tokens among traders, according to company executives. In an interview with Benzinga, Shaun [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4670","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4670"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4670\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}