Fintech PR

Deribit Partners With Paxos to Launch Pax Gold Futures and Options Trading

Published

2 days ago

December 16, 2024

Deribit will now offer spot, perpetual, futures, and derivatives for the PAXG token

DUBAI, UAE, Dec. 16, 2024 /PRNewswire/ — Deribit, the world’s premier digital assets derivatives exchange, today announced it has added support for the Pax Gold (PAXG), a token created by Paxos that is backed 1:1 by a fine troy ounce of LMBA good delivery gold vaulted in London. By adding PAXG to its platform, Deribit empowers traders to diversify their portfolios and hedge against market volatility. PAXG offers a unique opportunity to gain exposure to gold, a traditional safe-haven asset, within the digital asset ecosystem.

Within the first week of launch, Deribit trading volume exceeded a quarter billion USD in notional value for gold, underscoring the growing demand for trading traditional assets on the blockchain. The partnership between Deribit and Paxos will allow investors to trade high-quality products that until now were missing in the crypto ecosystem, such as liquid gold options. PAXG also increases the versatility of Deribit’s cross-collateral feature by giving users more choice over the assets they hold as collateral.

Deribit CEO Luuk Strijers said, “With the addition of Pax Gold, users can now leverage the perpetual or dated futures for the usual delta one strategies, or they have the choice to generate yield, hedge, or create various different strategies with the options. We are committed to providing Deribit users with a wealth of options, offering flexibility that matches their risk profile.”

PAXG is an ERC-20 token from Paxos backed by 1:1 with LMBA accredited gold reserves, offering investors a cost-effective way to own investment-grade physical gold in digital form. Deribit now offers a range of PAXG products, including spot, perpetual, futures and options contracts. This range of products will enable traders to construct their portfolios to deal with potential market volatility, inflation and geopolitical risks.

Nick Robnett, Head of Asset Growth at Paxos, added, “Pax Gold is a blockchain asset where each individual token is backed by an ounce of real, physical gold. It offers all the benefits of physical gold with the convenience and mobility of digital assets. Through Deribit, traders can now gain seamless access to the highest-grade physical gold held in custody by Paxos.”

Deribit’s commitment to providing cutting-edge trading solutions is further demonstrated by its recent achievements, including the launch of a hybrid custody model and the attainment of SOC 2 Type 2 certification. These advancements, combined with the addition of Pax Gold, solidify Deribit’s position as a leading platform for professional traders.

About Deribit
Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Dubai, United Arab Emirates. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit has been consistently acknowledged as a leader in space as one of few exchanges to secure the ISO 27001 certificate and was named Best Exchange for Innovation by Hedgeweek.

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 regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Paxos Digital Singapore is the issuer of Global Dollar (USDG), a USD-backed stablecoin that powers the Global Dollar Network and is substantively compliant with MAS’ upcoming stablecoin regulatory framework. 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.

Media Contact
M Group Strategic Communications (on behalf of Deribit)
[email protected]

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Fintech PR

DealHub introduces API-First CPQ to deliver Automated Headless Quoting

Published

51 minutes ago

December 18, 2024

CISION (PR Newswire)

dealhub-introduces-api-first-cpq-to-deliver-automated-headless-quoting

AUSTIN, Texas, Dec. 18, 2024 /PRNewswire/ — DealHub.io, the leading provider of advanced, enterprise-grade Configure, Price, Quote (CPQ) platform, announced the release of its API-First, headless quoting architecture. The new headless quoting environment extends the power and flexibility of DealHub CPQ to support quote automations across all sales channels, including PLG, e-Commerce and self-service portals.

DealHub API-First CPQ provides organizations the flexibility to develop scalable quoting solutions powered by DealHub’s robust logic-driven, configurable Playbooks. The headless quoting environment provides a composable and modular architecture that can be seamlessly integrated with revenue applications and custom user interfaces.

“API powered quoting will open a world of opportunities for DealHub customers to rapidly and effortlessly deploy new omnichannel revenue streams, from a single hub,” stated Eyal Orgil, Chief Revenue Officer at DealHub. “Headless quoting is a further example of the expanded possibilities provided with DealHub CPQ and the non-stop innovation we continue to introduce to redefine the modern CPQ.”

DealHub API-First Headless Quoting can be leveraged to support all sales processes, from new business to renewals and amendments. The Headless environment provides full access to DealHub’s rich CPQ functionality, including:

Configurable Logic-engine to generate error-free quotes and contracts
Multi-dimensional pricing able to dynamically set the most applicable pricing
Seamless back-end integration with Salesforce, HubSpot, Microsoft Dynamics and other CRMs
Powerful call-outs and queries to sync with ERP-based pricebooks, external product catalogs, and other back-end systems

About DealHub

DealHub delivers a business-logic driven engine to power the complete Quote-to-Revenue workflow incorporating CPQ, CLM, Subscription Billing, DealRoom, and new composable API-First Headless Quoting. This intelligent flow drives revenue execution from new business to renewed customers without delays and errors, ensuring a superior buyer experience across all revenue streams.

For more information, visit dealhub.io or follow DealHub on LinkedIn.

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View original content:https://www.prnewswire.co.uk/news-releases/dealhub-introduces-api-first-cpq-to-deliver-automated-headless-quoting-302334782.html

Fintech PR

Vantage Markets Celebrates a Landmark Year of Achievements in 2024

Published

51 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-markets-celebrates-a-landmark-year-of-achievements-in-2024

PORT VILA, Vanuatu, Dec. 18, 2024 /PRNewswire/ — Vantage Markets closes 2024 with a series of remarkable milestones, reinforcing its position as a leader in the trading industry. From record-breaking accolades to impactful partnerships and community contributions, the year has been a testament to Vantage’s vision and commitment to excellence.

In 2024, Vantage earned 26 prestigious awards, a 1.6x increase compared to the previous year. These accolades span innovation, customer service, and trading technology, underscoring the company’s dedication to delivering unparalleled value to its global community of traders.

This year also marked Vantage’s three-year partnership with McLaren Racing, a collaboration that brought shared values of speed, precision, and performance to the global stage. Through this partnership, Vantage connected with millions of fans and traders worldwide, reinforcing its brand identity as a high-performance trading platform.

Vantage celebrated its 15th anniversary this year, highlighting a journey of consistent growth and technological advancements. From humble beginnings to a global presence, the company remains committed to empowering traders with cutting-edge tools and resources.

Reflecting on these achievements, Marc Despallieres, Chief Strategy & Trading Officer of Vantage, shared: “2024 has been a transformative year for Vantage. Celebrating 15 years of excellence, achieving a record number of industry awards, and successful partnership with McLaren, we have solidified our position as a global leader. As we look forward, our focus remains on innovation, empowering traders, and fostering a vibrant trading community.”

In addition to its business achievements, Vantage continues to make a positive impact through the Vantage Foundation, which addresses critical social challenges such as mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage demonstrates its commitment to giving back and fostering community well-being.

With its sights set on 2025, Vantage aims to build on the strong foundation laid in 2024. By prioritizing technological innovation, community engagement, and sustainability, the company is poised to set new benchmarks in the trading industry.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

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View original content:https://www.prnewswire.co.uk/news-releases/vantage-markets-celebrates-a-landmark-year-of-achievements-in-2024-302334377.html

Fintech PR

Vantage Australia Celebrates a Landmark Year of Achievements in 2024

Published

51 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-australia-celebrates-a-landmark-year-of-achievements-in-2024

SYDNEY, Dec. 18, 2024 /PRNewswire/ — Vantage Markets celebrates an outstanding year in 2024, marked by record-breaking achievements, meaningful partnerships, and impactful community contributions. From industry recognition to social responsibility initiatives, this year reflects Vantage’s dedication to excellence, innovation, and empowering traders globally.

Vantage received 26 prestigious industry awards in 2024, a 1.6x increase compared to the prior year. These accolades recognise the company’s leadership in trading innovation, customer service, and technology, affirming its position as a top-tier global trading platform.

This year marked Vantage’s three-year partnership with McLaren Racing, a collaboration built on shared values of speed, precision, and innovation. Together, they leveraged the global platform of motorsport to connect with millions of fans and traders, reinforcing Vantage’s commitment to performance and collaboration.

2024 also saw Vantage commemorate its 15th anniversary, a milestone reflecting its evolution from a single-market platform to a global trading powerhouse. Over the years, the company has empowered traders with cutting-edge tools, comprehensive education, and a seamless trading experience.

Jack Kelly, Head of Sales, Vantage Australia, reflected on the year:
“2024 has been nothing short of extraordinary for Vantage. From celebrating 15 years of innovation to receiving a record number of industry awards and a remarkable partnership with McLaren Racing, we’ve shown our commitment to excellence on every front. Moving forward, we remain dedicated to providing world-class trading solutions while fostering trust, innovation, and meaningful connections with our clients and partners.”

Beyond business success, Vantage made a significant impact through the Vantage Foundation, addressing critical social issues like mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage continues to demonstrate its commitment to building stronger communities and making a positive difference.

As Vantage looks ahead, it plans to build on 2024’s successes by driving innovation, enhancing client experiences, and expanding its efforts to create lasting impact within the trading industry and beyond.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

Any reference to figures or awards pertains to Vantage group of companies.

trade smarter @vantage

Vantage Global Prime Pty Ltd (ACN 157 768 566), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.