<p>Crypto derivatives exchange FTX has added Paxos' gold-backed futures contracts to its platform.</p> <p><span style="font-weight: 400;">Paxos launched PAX Gold (PAXG) in Sep. 2019 to lure more investors into the digital trading space. According to the company’s </span><a href="https://www.paxos.com/paxgold/"><span style="font-weight: 400;">website</span></a><span style="font-weight: 400;">, each PAXG token is backed by one troy ounce of gold bars stored in London vaults. Users can trade PAXG against dollars on Paxos’ exchange, itBit, as The Block previously </span><a href="https://www.theblockcrypto.com/post/38553/paxos-embraces-gold-pegged-crypto-as-sea-change-in-gold-trading"><span style="font-weight: 400;">reported</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">The new listings on FTX let users </span><span style="font-weight: 400;">trade PAXG as perpetual and quarterly futures contracts, Paxos announced Tuesday in a</span> <a href="https://www.paxos.com/pax-gold-spot-market-perpetuals-and-futures-trading-now-available-on-ftx/"><span style="font-weight: 400;">press release</span></a><span style="font-weight: 400;">. FTX is managed by cryptocurrency liquidity provider Alameda Research.</span></p> <p>Data gathered by <span style="font-weight: 400;"><a href="https://coinmarketcap.com/currencies/pax-gold/">CoinMarketCap</a></span> shows that PAXG saw roughly $542,000 in adjusted 24-hour volume, with the vast majority of that figure occurring Bithumb in a PAXG-USDT market. </p> <p><em><strong>Editor's Note:</strong> This article has been updated to reflect that Alameda Research, not Alabama Research, operates FTX. </em></p>