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PAXG
PAX Gold

739
Mkt Cap
$2.26B
24H Volume
$300.5M
FDV
$2.26B
Circ Supply
459,009.97
Total Supply
459,009.97
PAXG Fundamentals
Max Supply
0.00
7D High
$5,124.23
7D Low
$4,864.83
24H High
$4,945.85
24H Low
$4,863.15
All-Time High
$5,619.09
All-Time Low
$1,399.64
PAXG Prices
PAXG / USD
$4,926.08
PAXG / EUR
€4,160.67
PAXG / GBP
£3,627.97
PAXG / CAD
CA$6,725.61
PAXG / AUD
A$6,957.51
PAXG / INR
₹446,670.00
PAXG / NGN
NGN 6,617,495.00
PAXG / NZD
NZ$8,192.59
PAXG / PHP
₱285,134.00
PAXG / SGD
SGD 6,225.35
PAXG / ZAR
ZAR 78,675.00
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press releases
Wintermute’s Strategic Masterstroke: Unlocking Institutional OTC Trading for Tokenized Gold
BitcoinWorld Wintermute’s Strategic Masterstroke: Unlocking Institutional OTC Trading for Tokenized Gold In a landmark move for digital asset infrastructure, leading crypto market maker Wintermute has strategically launched an institutional over-the-counter (OTC) trading desk for tokenized gold. This pivotal development, announced in London on April 10, 2025, directly targets professional investors seeking exposure to Pax Gold (PAXG) and Tether Gold (XAUT). Consequently, this initiative bridges traditional finance with the burgeoning world of blockchain-based commodities. Wintermute’s Institutional OTC Trading for Digital Gold Wintermute’s new service provides a confidential and liquid venue for large-scale trades. Specifically, institutions can now execute block trades for PAXG and XAUT against major stablecoins like USDT and USDC, flat currencies, and other leading crypto assets. This OTC model avoids the potential slippage and market impact of public order books. Therefore, it offers a tailored solution for hedge funds, family offices, and corporate treasuries. The timing of this launch is highly significant. Gold prices recently reached unprecedented nominal highs, fueled by persistent macroeconomic uncertainty. Discussions around de-dollarization in global trade have further intensified. “We are witnessing a clear convergence of factors,” explained Wintermute CEO Evgeny Gaevoy in a statement to The Block. “Macroeconomic volatility is driving demand for proven stores of value, while institutional adoption of digital assets is accelerating.” The Rising Market for Tokenized Commodities Tokenized gold represents a physical asset, like a gold bar, digitized on a blockchain. Each token is backed by real, audited gold held in secure vaults. This innovation combines gold’s historical stability with blockchain’s efficiency, transparency, and divisibility. For instance, investors can own a fraction of a gold bar, which was previously impractical. The two primary products in this space are: Pax Gold (PAXG): Issued by Paxos, each token represents one fine troy ounce of a London Good Delivery gold bar stored in Brink’s vaults. Tether Gold (XAUT): Issued by Tether, each token represents one troy ounce of gold on a London Good Delivery bar held in Switzerland. Market analysts project explosive growth for this sector. Gaevoy cited industry forecasts suggesting the tokenized gold market could expand to a staggering $15 billion by 2026. This growth is driven by increasing institutional comfort with blockchain rails and the search for inflation-resistant assets. Expert Analysis on Infrastructure and Adoption The creation of robust institutional infrastructure is a critical precursor to mainstream adoption. Wintermute’s entry as a major liquidity provider and market maker signals market maturity. Previously, large investors faced challenges sourcing sufficient liquidity for sizable tokenized gold positions without moving markets. This new OTC desk directly solves that problem. Furthermore, this development aligns with a broader trend of traditional finance (TradFi) entities building on-ramps to digital assets. Major banks and asset managers are increasingly exploring tokenization for everything from bonds to real estate. Gold, with its universal recognition, acts as a logical and less volatile entry point. Subsequently, success here could pave the way for tokenized versions of other commodities like silver or platinum. Operational Mechanics and Risk Considerations Wintermute’s OTC desk operates through direct, bilateral negotiations between the firm and its institutional counterparties. Trades are settled off-exchange, providing privacy and customization. The firm utilizes its extensive balance sheet and algorithmic trading expertise to provide competitive pricing. Importantly, all underlying gold for PAXG and XAUT undergoes regular third-party audits to ensure verifiable backing. However, investors must understand the distinct risk profiles. While the gold price risk remains, participants also assume counterparty risk with the token issuer (Paxos or Tether) and the custodian. Regulatory treatment of these digital products also continues to evolve across different jurisdictions. Wintermute’s role is to provide trading liquidity, not to act as the issuer or custodian of the underlying asset. Conclusion Wintermute’s launch of institutional OTC trading for tokenized gold marks a definitive step toward maturity for digital commodity markets. By providing essential liquidity and a professional trading venue, the firm addresses a key bottleneck for large-scale capital allocation. This strategic move leverages gold’s timeless appeal and the transformative potential of blockchain technology. As institutional adoption accelerates, robust infrastructure like Wintermute’s OTC desk will be fundamental in supporting the forecasted growth of the multi-billion dollar tokenized gold ecosystem. FAQs Q1: What is OTC trading in crypto? A1: Over-the-counter (OTC) trading involves the direct buying and selling of assets between two parties, outside of a public exchange. It is used for large, block trades to get better pricing and avoid impacting the public market price. Q2: How is tokenized gold different from owning physical gold? A2: Tokenized gold is a digital representation of physical gold stored in a vault. It offers easier transfer, fractional ownership, and integration with digital finance, but you do not take physical possession of the metal. Q3: What are the main benefits of Wintermute’s new OTC desk for institutions? A3: The main benefits are access to deep liquidity for large trades, price certainty without slippage, confidentiality, and the ability to trade against various currencies and stablecoins in a single venue. Q4: Are PAXG and XAUT the same? A4: No. PAXG is issued by Paxos and XAUT is issued by Tether. They are separate products representing gold held by different custodians in different locations, though both follow the London Good Delivery standard. Q5: What does the $15 billion market projection for 2026 signify? A5: This projection, cited by Wintermute’s CEO, indicates strong analyst belief in rapid institutional adoption. It suggests tokenized gold will move from a niche product to a significant segment within the broader digital asset and commodity markets. This post Wintermute’s Strategic Masterstroke: Unlocking Institutional OTC Trading for Tokenized Gold first appeared on BitcoinWorld .
bitcoinworld·2d ago
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PAX Gold sees inflow as new wallet swaps 9,156 ETH in 2 days
On-chain data: a new wallet swapped 9,156.45 ETH to 3,734.19 PAX Gold (PAXG) in two days, flagging risk-off hedging and raising liquidity, custody risks. Read original article on coinlineup.com
CoinLineup·3d ago
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Gold Price Forecast: Tokenized Market Hits $6 Billion
Gold prices trade at $4,965 per ounce as of writing, up 2.4% over the past seven days, while the tokenized gold market has surged beyond $6 billion in total value. This rapid expansion marks one of the strongest growth phases in blockchain-based commodities, fueled largely by demand for gold-backed digital tokens. Industry data shows that tokenized commodities, led overwhelmingly by gold, have climbed 53% in under six weeks. The sector has added more than $2 billion year-to-date and now locks over 1.2 million ounces of physical gold in vaults that back digital tokens circulating on blockchain networks. Investors increasingly seek exposure to gold through on-chain instruments that offer 24/7 trading and fractional ownership. Source: @Gateresearch via X Gold Rally Drives On-Chain Demand The surge in tokenized gold closely tracks the metal’s historic price run. Gold rose from around $2,600 per ounce on January 2nd, 2025, to an all-time high of near $5,600 on January 28, 2026, according to Trading Economics data. Over the past two years, the metal has gained roughly 140%, supported by persistent inflation concerns, geopolitical tensions, central bank buying, and uncertainty around U.S. monetary and fiscal policy. As gold tested record levels, investors turned to blockchain-based versions of the asset. Tokenized gold allows holders to claim exposure to physical bullion stored in vaults without handling custody logistics. Settlement occurs on-chain with near-instant finality, which appeals to market participants who operate within digital asset ecosystems. XAUT and PAXG Command Market Share Two tokens dominate the space. Tether Gold (XAUT) and Paxos Gold (PAXG) together control approximately 96.7% of the tokenized gold market. XAUT’s market capitalization has climbed to $2.65 billion, reflecting gains of more than 50% over the past month. PAXG stands near $2.3 billion, supported by institutional interest in audited and compliant structures. Source: Our Crypto Talk via X This concentration underscores the rapid rise of real-world asset tokenization while highlighting structural questions. The dominance of two issuers concentrates counterparty and custody exposure within a narrow segment of the market. Any operational disruption or shift in trust toward these custodians could influence the broader $6 billion niche. The composable structure of decentralized finance adds another layer of complexity. Market participants often use tokenized gold as collateral across multiple protocols. Under stress conditions, liquidations within one platform could trigger broader market reactions. Such interconnections shape risk dynamics in ways that differ from traditional gold exchange-traded funds or direct physical holdings. A Split Market Narrative The growth of tokenized gold also reflects a broader shift in investor behavior. In an environment marked by ranging crypto prices and macroeconomic uncertainty, capital flows toward assets with perceived stability and tangible backing. At the same time, other segments of the digital asset market continue to attract speculative interest. This dual movement signals a market that searches for direction. Some investors hedge with blockchain-based gold, while others pursue high-risk opportunities elsewhere in crypto. Rather than contradict each other, these flows illustrate how participants adapt to changing economic signals. Last two weeks, Gold traded at historic levels and tokenized supply expands beyond 1.2 million ounces, and the digital commodities sector stands at a notable inflection point. The question now centers on whether sustained gold strength will continue to draw capital on-chain, or whether shifts in macro conditions will alter the pace of this rapid expansion.
coinpaper·5d ago
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Erik Voorhees Invests Heavily in Gold as Markets Shift
Erik Voorhees invested heavily in gold, balancing his crypto portfolio with PAXG. Gold prices surged past $5,000 due to central bank purchases and ETFs. Continue Reading: Erik Voorhees Invests Heavily in Gold as Markets Shift The post Erik Voorhees Invests Heavily in Gold as Markets Shift appeared first on COINTURK NEWS .
cointurken·7d ago
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All about Tether’s $150M bet on digital gold and what it means
Can Tether gold maintain its lead amid Paxos Gold's massive growth?
ambcrypto·12d ago
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Robinhood Lists Spot PAXG: Strategic Expansion into Gold-Backed Digital Assets
BitcoinWorld Robinhood Lists Spot PAXG: Strategic Expansion into Gold-Backed Digital Assets In a significant move that bridges traditional finance with digital assets, Robinhood Markets Inc. announced on March 15, 2025, the spot listing of PAX Gold (PAXG) on its popular trading platform. This development marks a pivotal expansion of the company’s cryptocurrency offerings beyond conventional digital currencies. Consequently, millions of retail investors now gain direct access to tokenized gold through a familiar interface. The listing represents Robinhood’s continued evolution from a stock trading app to a comprehensive financial services platform. Moreover, this strategic addition arrives during a period of renewed interest in gold as a hedge against economic uncertainty. Industry analysts immediately recognized the announcement’s potential to reshape retail investment patterns. Therefore, this analysis explores the implications, mechanics, and broader context of Robinhood’s PAXG integration. Understanding the Robinhood PAXG Listing Mechanics Robinhood’s integration of PAX Gold operates through a straightforward spot trading mechanism. Users can now buy, sell, and hold PAXG directly within the Robinhood Crypto section of the application. Each PAXG token corresponds to one fine troy ounce of a London Good Delivery gold bar. These physical bars remain securely stored in Brink’s vaults. The Paxos Trust Company, the issuer, regularly publishes audit reports verifying the gold reserves. This transparency addresses common concerns about asset-backed tokens. Robinhood’s implementation includes real-time price tracking against both USD and BTC pairs. The platform charges no commission for PAXG transactions, maintaining its zero-fee structure for crypto trades. Additionally, users benefit from instant settlement and 24/7 market access. This accessibility contrasts sharply with traditional gold investment vehicles like ETFs or physical bullion. For instance, traditional options often involve storage fees and limited trading hours. Robinhood’s interface simplifies the entire process through intuitive design. The company confirmed that PAXG holdings receive the same security protections as other crypto assets on the platform. These protections include insurance coverage and cold storage for the majority of assets. Technical Implementation and User Experience The technical rollout followed Robinhood’s established protocol for new asset additions. Engineers integrated PAXG’s blockchain infrastructure with Robinhood’s existing systems. This integration required ensuring compatibility with Ethereum’s ERC-20 standard. The development team conducted extensive security testing before the public launch. Users now see PAXG alongside other cryptocurrencies in their portfolio view. The trading interface displays familiar charting tools and order types. Market data providers supply real-time pricing information through established APIs. Robinhood’s educational resources now include PAXG-specific content explaining gold tokenization. Customer support teams received specialized training on the new asset class. This comprehensive approach reflects Robinhood’s commitment to user experience. The platform’s design emphasizes simplicity while maintaining regulatory compliance. Furthermore, the listing appears simultaneously across Robinhood’s mobile and web applications. This consistency ensures a seamless experience for all users regardless of device preference. Market Context and Strategic Timing Analysis Robinhood’s PAXG listing arrives during a transformative period for both cryptocurrency and precious metals markets. Global economic indicators show increasing inflation concerns across major economies. Central banks continue adjusting monetary policies in response to these pressures. Consequently, institutional and retail investors increasingly seek inflation-resistant assets. Gold historically performs well during such economic conditions. Meanwhile, cryptocurrency adoption continues expanding beyond speculative trading. Digital assets increasingly serve as practical investment vehicles. Tokenized commodities represent a natural convergence of these trends. PAXG specifically has demonstrated steady growth since its 2019 launch. Trading volumes reached record levels throughout 2024. Several factors explain this increased interest. First, blockchain technology solves traditional gold’s liquidity challenges. Second, fractional ownership opens gold investment to smaller portfolios. Third, regulatory clarity around asset-backed tokens improved significantly. Major financial institutions now recognize their legitimacy. Robinhood’s decision capitalizes on these converging trends. The company strategically positions itself at the intersection of traditional and digital finance. This move follows similar expansions by competitors like Coinbase and Kraken. However, Robinhood’s massive retail user base distinguishes its impact. The platform serves over 23 million funded accounts according to recent filings. This scale potentially introduces millions to gold investment for the first time. Market analysts predict accelerated adoption of tokenized commodities following this listing. The broader industry watches for similar moves by other retail-focused platforms. Comparative Analysis with Traditional Gold Investments Investment Type Minimum Investment Storage Method Trading Hours Liquidity PAXG on Robinhood Fractional token Digital/Physical vault 24/7 High Physical Gold Bullion 1 ounce minimum Personal/Third-party Market hours Low Gold ETFs (e.g., GLD) Share price Custodial Exchange hours High Gold Mining Stocks Share price N/A Exchange hours Medium This comparison highlights PAXG’s unique advantages through Robinhood’s platform. Fractional ownership eliminates traditional barriers to entry. 24/7 trading accommodates global investors across time zones. Digital storage removes physical security concerns. High liquidity ensures efficient price discovery. These characteristics particularly appeal to younger, digitally-native investors. Robinhood’s demographic data confirms this alignment. The platform’s user base skews toward millennials and Generation Z. These cohorts demonstrate strong interest in both technology and alternative investments. However, they often lack exposure to traditional precious metals. Robinhood’s interface bridges this knowledge gap through familiar design patterns. The platform’s educational resources further support informed decision-making. This comprehensive approach differentiates Robinhood from purely transactional platforms. Regulatory Landscape and Compliance Framework Robinhood’s PAXG listing operates within an evolving regulatory environment. The Securities and Exchange Commission maintains specific guidelines for asset-backed tokens. Paxos Trust Company, as PAXG’s issuer, holds necessary New York State Department of Financial Services approvals. These approvals require regular third-party audits of gold reserves. Robinhood itself operates under multiple state money transmitter licenses. The company also maintains registration as a money services business with FinCEN. These regulatory foundations ensure compliance with anti-money laundering requirements. Furthermore, Robinhood Crypto operates as a separate entity with specialized licensing. This structure provides clear jurisdictional boundaries for regulators. Recent court decisions have clarified digital asset classification frameworks. The Howey Test remains the primary standard for security determinations. PAXG’s structure as a directly-backed commodity token avoids security classification. This distinction simplifies regulatory treatment compared to utility or security tokens. State regulators increasingly coordinate through organizations like NASAA. This coordination promotes consistent enforcement across jurisdictions. Robinhood’s legal team engaged proactively with relevant agencies before the listing. These engagements focused on consumer protection and market integrity. The company’s transparency regarding fee structures and risk disclosures meets regulatory expectations. Ongoing compliance includes transaction monitoring and reporting obligations. This comprehensive approach reflects Robinhood’s commitment to regulatory partnership. The listing’s timing coincides with broader legislative developments. Several proposed bills address digital asset regulation at federal level. Industry participants anticipate clearer frameworks emerging from these efforts. Robinhood’s established compliance infrastructure positions it well for future developments. Risk Management and Consumer Protection Measures Robinhood implements multiple layers of protection for PAXG investors. The platform provides clear educational materials explaining gold market volatility. These materials emphasize PAXG’s price correlation with physical gold markets. Users receive warnings about cryptocurrency-specific risks including technological vulnerabilities. The platform’s security architecture includes multi-signature wallets and cold storage. Insurance coverage protects against certain types of losses. Customer funds remain segregated from corporate assets. These measures align with industry best practices for digital asset custodianship. Robinhood’s dispute resolution processes follow established financial services standards. The company maintains dedicated channels for regulatory inquiries and consumer complaints. These protections address common concerns about digital asset platforms. Furthermore, Robinhood’s public reporting provides transparency about security incidents. This openness builds trust with both users and regulators. The company’s risk management framework undergoes regular independent review. These reviews ensure continued effectiveness as threats evolve. This comprehensive approach demonstrates Robinhood’s maturation as a financial services provider. Broader Implications for Digital Asset Adoption Robinhood’s PAXG listing represents more than just another asset addition. The move signals accelerating convergence between traditional and digital finance. Tokenized commodities bridge familiar assets with blockchain efficiency. This bridging effect potentially attracts conservative investors to digital platforms. Meanwhile, cryptocurrency enthusiasts gain exposure to established value stores. This mutual accommodation benefits both ecosystems. Industry observers note several likely consequences. First, competing platforms may accelerate their own commodity token listings. Second, institutional interest may increase as retail adoption demonstrates viability. Third, regulatory discussions may incorporate real-world use cases. Fourth, traditional financial institutions may accelerate digital transformation initiatives. These developments collectively advance digital asset mainstream acceptance. Robinhood’s specific approach emphasizes accessibility and education. The platform reduces psychological barriers through familiar interface design. This design philosophy contrasts with specialized cryptocurrency exchanges. Robinhood integrates digital assets into broader financial management. This integration reflects how consumers increasingly view their portfolios. Modern investors rarely compartmentalize asset classes rigidly. Instead, they seek unified platforms managing diverse holdings. Robinhood’s evolution mirrors this behavioral shift. The company now offers stocks, options, cryptocurrencies, and now tokenized commodities. This comprehensive approach addresses holistic financial needs. Consequently, Robinhood positions itself as a primary financial relationship for millions. This strategic positioning has significant implications for traditional brokerage models. Established firms now face pressure to match Robinhood’s digital asset integration. The resulting competition likely benefits consumers through improved offerings. Market dynamics suggest continued innovation across the financial services landscape. Expert Perspectives on Market Evolution Financial analysts offer varied interpretations of Robinhood’s strategic move. Dr. Elena Rodriguez, fintech researcher at Stanford University, notes the demographic implications. “Robinhood democratizes gold investment for digitally-native generations,” she observes. “These investors appreciate gold’s historical role but prefer digital convenience.” Meanwhile, Michael Chen, portfolio manager at Global Digital Assets Fund, emphasizes institutional reactions. “Traditional gold ETFs may experience outflows as digital alternatives gain traction,” Chen predicts. “The 24/7 trading capability alone represents a significant advantage.” Regulatory experts highlight compliance aspects. Sarah Johnson, former CFTC official, explains the oversight framework. “PAXG’s structure provides clearer regulatory pathways than algorithmic stablecoins,” Johnson states. “The physical backing establishes tangible value propositions for examiners.” Industry practitioners note technical considerations. David Park, blockchain engineer, details implementation challenges. “Integrating PAXG required robust oracle solutions for price feeds,” Park explains. “Robinhood’s infrastructure now supports diverse asset types seamlessly.” These expert views collectively illustrate the listing’s multidimensional impact. The consensus suggests accelerating convergence between asset classes. This convergence reflects broader technological transformation across finance. Conclusion Robinhood’s PAXG listing represents a strategic milestone in digital asset evolution. The integration brings tokenized gold to millions of retail investors through an accessible platform. This development bridges traditional safe-haven assets with blockchain technology’s efficiency. Market context suggests favorable timing amid economic uncertainty and inflation concerns. Regulatory compliance frameworks provide necessary stability for sustainable growth. Furthermore, the listing accelerates convergence between conventional and digital finance. Robinhood’s comprehensive approach emphasizes education, security, and user experience. These elements collectively support informed investment decisions. The broader implications include potential expansion of tokenized commodity offerings across platforms. Institutional interest may increase as retail adoption demonstrates practical utility. Ultimately, this Robinhood PAXG listing advances digital asset mainstream acceptance. The move reflects evolving consumer preferences toward unified financial management. Future developments will likely build upon this foundation of accessibility and innovation. FAQs Q1: What exactly is PAXG and how does it work? PAX Gold (PAXG) is an Ethereum-based token where each token represents ownership of one fine troy ounce of a London Good Delivery gold bar stored in professional vaults. The Paxos Trust Company issues the tokens and publishes monthly audit reports verifying the physical gold reserves. Q2: How does buying PAXG on Robinhood differ from buying physical gold? Buying PAXG on Robinhood provides digital ownership without physical storage concerns, enables fractional purchases of less than one ounce, allows 24/7 trading, and involves no storage fees or insurance costs typically associated with physical bullion ownership. Q3: What are the main risks associated with investing in PAXG? Primary risks include gold price volatility, potential smart contract vulnerabilities (though PAXG has undergone extensive security audits), regulatory changes affecting tokenized assets, and the custodial risk associated with the vault operators holding the physical gold. Q4: Can I transfer my PAXG tokens from Robinhood to an external wallet? Currently, Robinhood does not support external transfers for PAXG or other cryptocurrencies, meaning tokens must remain within the Robinhood ecosystem. The company has indicated it is working on wallet functionality for future release. Q5: How does PAXG compare to gold ETFs like GLD or IAU? PAXG offers direct ownership of specific gold bars rather than shares in a trust, provides 24/7 trading versus exchange hours only, typically has lower expense ratios (0.02% for PAXG versus 0.40% for GLD), and enables fractional ownership at the token level rather than share level. This post Robinhood Lists Spot PAXG: Strategic Expansion into Gold-Backed Digital Assets first appeared on BitcoinWorld .
bitcoinworld·15d ago
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PAXG's Golden Defiance: Surging Past Chaos as Traders Bet on the Bull
As Bitcoin stumbles, PAXG surges 4.82% to $4,964, defying the downtrend with billion-dollar volume. Traders eye strong supports at $4,568 and resistances at $4,975, weaving a tale of digital gold's...
coinotag·15d ago
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Coinbase Perpetual Futures Expansion: A Strategic Leap for PAXG, ZEC, PEPE, AAVE, ONDO, ENA, and NEAR
BitcoinWorld Coinbase Perpetual Futures Expansion: A Strategic Leap for PAXG, ZEC, PEPE, AAVE, ONDO, ENA, and NEAR In a significant move for institutional and advanced retail traders, Coinbase Derivatives announced on April 15, 2025, its plan to list perpetual futures contracts for seven diverse digital assets: PAXG, ZEC, PEPE, AAVE, ONDO, ENA, and NEAR. This expansion notably broadens the accessible product suite on a regulated U.S. platform, potentially increasing market depth and liquidity for these assets. Consequently, the decision reflects a calculated response to growing demand for sophisticated crypto derivatives beyond Bitcoin and Ethereum. Decoding the Coinbase Perpetual Futures Expansion Coinbase Derivatives, the regulated futures arm of the Nasdaq-listed crypto exchange, strategically selected this specific cohort of assets. The selection spans multiple cryptocurrency sectors, from decentralized finance (DeFi) and Layer 1 protocols to meme coins and tokenized commodities. Each asset brings unique volatility and utility profiles to the derivatives market. For instance, perpetual futures contracts allow traders to speculate on an asset’s future price without an expiry date, using funding rates to tether the contract price to the spot market. This product is a cornerstone of crypto trading but has been largely confined to offshore exchanges for many altcoins. Furthermore, this launch follows a clear pattern of gradual product expansion by Coinbase. The platform initially launched with Bitcoin and Ethereum futures before adding Litecoin and Bitcoin Cash. Therefore, introducing seven new contracts simultaneously marks its most aggressive expansion to date. This move directly challenges other regulated entities and provides a U.S.-compliant venue for trading these instruments. Market analysts immediately noted the potential for improved price discovery and reduced reliance on less-regulated offshore platforms. Analyzing the Seven New Assets and Their Market Impact The chosen assets represent a calculated diversification. PAXG (Pax Gold) is a digital token backed by physical gold, offering a bridge between commodity and crypto markets. ZEC (Zcash) provides privacy-focused transactions. Meanwhile, PEPE represents the volatile meme coin sector, AAVE is a flagship DeFi lending protocol, and NEAR is a competing Layer 1 blockchain. ONDO and ENA are newer entrants representing real-world asset tokenization and synthetic dollar protocols, respectively. This diverse mix suggests Coinbase is targeting different trader demographics and hedging needs simultaneously. The inclusion of a meme coin like PEPE, for example, acknowledges its substantial retail trading volume, while PAXG caters to institutional investors seeking gold exposure. The table below summarizes the core utility of each asset: Asset Primary Category Key Utility PAXG Tokenized Commodity Gold-backed digital asset ZEC Privacy Coin Shielded transactions PEPE Meme Coin Community-driven cryptocurrency AAVE DeFi Decentralized lending/borrowing ONDO RWA Real-world asset tokenization ENA DeFi/Synthetics Interest-free synthetic dollar NEAR Layer 1 Blockchain Scalable smart contract platform Market data from CoinGecko and CryptoCompare shows increased trading volume and social discussion around these assets following the announcement. Historically, similar listings have provided a short-term liquidity boost and heightened visibility. However, the long-term price impact depends on broader market conditions and adoption of the futures products themselves. Expert Analysis on Regulatory and Strategic Implications Financial regulation experts point to this expansion as a sign of growing maturity and regulatory clarity within the U.S. crypto derivatives space. Coinbase Derivatives operates under the oversight of the Commodity Futures Trading Commission (CFTC). Listing these assets required a review process to ensure market integrity and compliance. Consequently, this action could pressure other regulated entities to expand their own offerings, fostering healthy competition. From a strategic viewpoint, analysts from firms like Bernstein and JMP Securities have noted that derivatives are a high-margin business for exchanges. Expanding the product lineup directly contributes to Coinbase’s revenue diversification beyond simple spot trading fees. Moreover, by offering perpetual futures for these assets, Coinbase can capture trading activity that might otherwise occur on offshore platforms, bringing it into a regulated environment with U.S. customer protections. This aligns with the company’s stated mission of building the trusted infrastructure for the crypto economy. The Evolving Landscape of Crypto Derivatives Trading The introduction of these contracts occurs within a broader context of rapid derivatives market growth. Data from CCData indicates that crypto derivatives consistently account for over 70% of total trading volume globally. Perpetual futures are particularly popular due to their flexibility. However, their complexity and leverage risks necessitate educated participation. Coinbase’s entry into this multi-asset space provides a potentially safer gateway with established compliance standards. Key benefits of this expansion include: Enhanced Liquidity: Concentrates trading volume on a regulated platform. Improved Risk Management: Allows institutions to hedge exposures in new asset classes. Price Discovery: Contributes to more efficient and transparent pricing mechanisms. Market Legitimacy: Regulatory approval lends credibility to the underlying assets. Nevertheless, traders must understand the inherent risks of leveraged derivatives, including liquidation and funding rate costs. The launch will likely be accompanied by educational resources from Coinbase, as seen in previous product rollouts. Ultimately, this development is a step toward a more mature, institutional-grade crypto market structure. Conclusion The planned launch of perpetual futures for PAXG, ZEC, PEPE, AAVE, ONDO, ENA, and NEAR by Coinbase Derivatives represents a pivotal expansion in the regulated crypto market. This strategic move diversifies trading products, captures evolving market demand, and underscores the growing institutionalization of digital asset trading. By bringing these instruments onshore, Coinbase enhances market safety and liquidity. The success of this Coinbase perpetual futures expansion will be closely watched as a barometer for both altcoin derivatives demand and the viability of a multi-asset regulated futures ecosystem in the United States. FAQs Q1: What are perpetual futures contracts? Perpetual futures are derivative contracts that allow traders to speculate on an asset’s price without an expiration date. They use a funding rate mechanism to keep their price aligned with the underlying spot market. Q2: Why is Coinbase listing futures for these specific assets? Coinbase selected assets across key crypto sectors (DeFi, Layer 1, meme coins, RWAs) to diversify its offerings, meet demonstrated trader demand, and capture volume from various market segments in a single strategic expansion. Q3: How does this benefit traders? Traders gain access to leveraged trading and hedging tools for these assets on a regulated U.S. platform, which may offer greater security and compliance than offshore exchanges. It also improves overall market liquidity and price discovery. Q4: Are there risks associated with trading these new futures? Yes. All derivatives trading involves significant risk, including the potential for total loss due to leverage and liquidation. Traders must understand funding rates, margin requirements, and market volatility before participating. Q5: When will these perpetual futures be available for trading? Coinbase Derivatives has announced its plan to launch them. The exact launch date is subject to regulatory readiness and operational testing. Traders should monitor official Coinbase announcements for the specific timeline. This post Coinbase Perpetual Futures Expansion: A Strategic Leap for PAXG, ZEC, PEPE, AAVE, ONDO, ENA, and NEAR first appeared on BitcoinWorld .
bitcoinworld·20d ago
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Tokenized Gold Prices Surge With Tether, Pax Tokens Tracking The Precious Metal’s Rally
Tether Gold and Pax Gold both climbed nearly 6% in 24 hours, tracking gold’s move above $5,500 per ounce for the first time.
Stocktwits·20d ago
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Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal
Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.
coindesk·21d ago
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AboutPAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
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Ethereum EcosystemReal World Assets (RWA)StablecoinsTokenized AssetsTokenized CommoditiesTokenized Gold
Date
Market Cap
Volume
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February 18, 2026
$2.26B
$300.5M
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February 18, 2026
$2.24B
$387.5M
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February 17, 2026
$2.29B
$197.26M
$4,998.06
February 16, 2026
$2.31B
$263.61M
$5,021.30
February 15, 2026
$2.31B
$72.87M
$5,021.71
February 14, 2026
$2.32B
$251.86M
$5,043.46
February 13, 2026
$2.26B
$366.95M
$4,915.72
February 12, 2026
$2.33B
$340.96M
$5,076.52
February 11, 2026
$2.32B
$340.24M
$5,044.10
February 10, 2026
$2.31B
$427.42M
$5,036.47

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