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PAX Gold

PAXG


$2,680.78

$4.45 (0.17%)

Past 1 day

  • Volume (24H)

    $347.4K


  • Circulating Supply

    197.6K


  • Market Cap

    $525.8M


About PAX Gold (PAXG)

PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.

PAXG was initially issued in September, 2019 and has seen significant growth in market capitalization and volume as gold prices have fluctuated significantly in 2020. PAXG’s advantages over other gold trading products include abilities such as 1) redemption for physical, allocated gold 2) fractional ownership 3) no holding fees (fees charged upon creation/redemption/transfer) and  4) instant settlement.

These features have helped the market capitalization of PAXG grow to over $50M.

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Refer friends and get crypto

You can get $15 in the crypto of your choice and earn up to 25% of your friends' trading fees for a year.

Invest in PAX Gold when you spend.

Earn crypto rewards on every purchase with The Gemini Credit Card.

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PAX Gold Cryptopedia articles

Paxos- Next-Generation Infrastructure for Physical & Digital Assets (Cryptocurrencies)

Paxos: Next-Gen Physical & Digital Assets Infrastructure

Cryptopedia Staff5 min read

Paxos’ Pax Gold vs. Traditional Gold Investments (Cryptocurrencies)

Paxos’ Pax Gold vs. Traditional Gold Investments

Cryptopedia Staff4 min read

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PAX Gold links and resources

The whitepaper

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PAX Gold website

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