PAX Gold (PAXG) Price

Name: PAX Gold
Brand: Cryptocurrency
SKU: PAXG
Price: 2382.66 USD
Availability: InStock
Rating: 4,5 (7 reviews)

PAXG

PAX Gold

4,5

★

$2,382.66

-0.31%

Today's Current Price in US Dollar

Market cap

439,330,282.0

Total volume

4,340,750

Circulating supply

184,238

Total supply

184,238

Buy / Long

Sell / Short

PAX Gold (PAXG) is a digital token underpinned by physical gold, where each token is akin to owning one fine troy ounce of a London Good Delivery gold bar, safeguarded in secure vault locations. Ownership of PAXG conveys rights to the actual gold, supervised by the Paxos Trust Company, linking the token's value directly with the prevailing market price of the physical gold it represents.

PAX Gold offers its holders the tangible benefits of owning specific gold bars combined with the convenience and rapidity afforded by digital currencies. It allows for fractional ownership of physical gold bars. Through the Paxos platform, users can swiftly and seamlessly exchange their tokens for designated gold, non-designated gold, or traditional currency (and the reverse), mitigating any risk of settlement. PAXG is also tradable on the itBit exchange run by Paxos and will be accessible for exchange on additional cryptocurrency exchanges, digital wallets, loaning services, and other platforms within the cryptocurrency space.

PAXG investors have the capability to verify the serial number, worth, and physical details of the gold they own in vaults simply by inputting their Ethereum wallet address into the PAXG lookup feature found at Paxos.com/paxgold.