Exchange PAX Gold

paxg Price Live Data

The live PAX Gold price today is $ 2 627.67 usd with a 24-hour trading volume of $27 782 810 usd. We update our PAXG to usd price in real-time. PAX Gold is up 1.18% in the last 24 hours. The current coinmarketcap ranking is #172, with a live market cap of $518 072 792 usd. It has a circulating supply of 197 186 PAXG coins and the max. Supply of 197 186 PAXG coins.

What Is PAX Gold (paxg)?

PAX 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.