PAXG and ZRO Perp Markets Now Live on Backpack Exchange — Trade & Earn Points Now

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LFG! Two new perpetual futures markets are now live on Backpack Exchange, PAXG-PERP and ZRO-PERP, expanding your opportunities to trade both tokenized gold and cross-chain interoperability in one place.

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Whether you’re hedging with digital gold or playing the omnichain narrative, both markets are open 24/7 with zero-gas execution, deep liquidity, and Backpack Points on every trade to boost your climb on the Season 3 leaderboard.

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Trading Details

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Markets Live:

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• PAXG-PERP (Perpetuals)
  
  
• ZRO-PERP (Perpetuals)
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Leverage: Up to 50× on perpetual futures

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Market Cap:

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• PAXG: $1.33B
  
  
• ZRO: $327.08M

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About PAX Gold (PAXG): Tokenized Gold on the Blockchain

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PAX Gold (PAXG) is a digital asset backed 1:1 by physical gold stored in London vaults and issued by Paxos Trust Company. It bridges traditional finance and DeFi, allowing traders to gain exposure to real-world gold while enjoying instant, on-chain settlement.

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With regulated custody and real-asset backing, PAXG combines gold’s proven stability with crypto’s efficiency, making it the ultimate safe-haven trade in a digital format.

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Key Features

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• Fully-backed: Each token equals one fine troy ounce of gold.
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• Regulated Issuer: Overseen by the NYDFS.
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• Instant Settlement: Move value globally in minutes.
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• DeFi Ready: Trade, lend, or collateralize across chains.
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• Hard-Asset Stability: Security of gold, speed of crypto.

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About LayerZero (ZRO): The Omnichain Protocol

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LayerZero (ZRO) powers seamless cross-chain communication across 50+ blockchains. It enables liquidity, governance, and applications to move freely between ecosystems — removing the need for wrapped tokens or bridges.
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The ZRO token underpins network governance, staking, and protocol fees, aligning incentives across developers, validators, and users to build the future of interoperable DeFi.

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Key Features

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• Omnichain Messaging: Secure cross-chain connectivity.
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• Unified Liquidity: True multichain asset movement.
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• Developer-Friendly: Plug-and-play SDK for builders.
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• Secure Relayers: Verified delivery via oracle + relayer model.
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• Ecosystem Growth: Adopted by major DeFi and gaming apps.

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Trade Now

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PAXG-PERP: Trade perpetual futures with up to 50× leverage.
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ZRO-PERP: Trade perpetual futures with up to 50× leverage.
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ZRO/USD: Spot market
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Backpack now supports perpetual trading for PAX Gold (PAXG) and both spot and perp trading for LayerZero (ZRO), giving traders full flexibility, from simple exposure to high-leverage plays.
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Trade perps backed by real-world assets and cross-chain infrastructure, and earn Backpack Points with every trade during Season 3.

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Limited-Time Achievements:

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This launch comes with exclusive achievements for early traders:

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Trade Now on Backpack Exchange. Earn Backpack Points with every trade and climb the Season 3 leaderboard.