PAX Gold (PAXG) price is $3149.34

PAX Gold (PAXG) Live Price Data

The live PAX Gold (PAXG) price is $3 149.34, with a 24 hours Blynex trading volume of 325.07 K. The price of PAXG changed by +0.99% in the past 24 hours. With a circulating supply of 197.97K PAXG and a maximum supply of 197.97K PAXG coins. PAXG currently ranks #175 in market cap. You have the option to purchase PAX Gold (PAXG) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
PAXG/USDT	$3 149.3385	+0.99%	3 160.95858	3 104.81972	327.36 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

PAXG/USDT

$3 149.3385

+0.99%

3 160.95858

3 104.81972

327.36 K

Trade

PAX Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. Buying PAXG on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy PAX Gold (PAXG).

What is PAX Gold (PAXG)?

Pax Gold (PAXG) is a cryptocurrency backed by physical gold, launched by the creators of Paxos Standard (PAX) in September 2019. Operating as an ERC-20 token on the Ethereum blockchain, PAXG offers a modern approach to investing in gold by making it more accessible and tradable. Unlike traditional gold investments, Pax Gold allows users to purchase fractions of gold, breaking down barriers like divisibility and transport limitations that accompany physical gold ownership.

The Vision Behind Pax Gold

The primary goal of Pax Gold is to democratize gold investing. According to its whitepaper, over $3.5 trillion worth of gold is held as an investment, but much of it remains out of reach for smaller investors. By tokenizing gold, Pax Gold enables individuals to buy even small amounts of the precious metal, eliminating traditional minimum investment limits. Each PAXG token is backed by a portion of a London Good Delivery gold bar, securely stored in Brink’s vaults, ensuring transparency and trust.

Leadership and Expertise

Charles Cascarilla, founder and CEO of both Paxos Standard and Pax Gold, brings extensive expertise in finance and blockchain innovation to the project. A finance graduate from the University of Notre Dame, Cascarilla co-founded Cedar Hill Capital Partners in 2005, marking the beginning of his career in capital management. His ventures into blockchain technology reflect his vision of bridging traditional finance with the transformative potential of cryptocurrencies.

The Unique Appeal of Pax Gold

Pax Gold stands out among ERC-20 tokens due to its backing by a well-established commodity. It merges the liquidity and security of blockchain technology with the historical reliability of gold as an investment. The tokenized structure allows investors to own gold without the challenges of physical storage, transportation, or divisibility. Each token directly correlates to a tangible asset, providing holders with confidence in their investment.

Inspiring a New Wave of Gold-Backed Cryptocurrencies

The success and adoption of Pax Gold have inspired other developers to create gold-backed cryptocurrencies. PAXG offers traders an innovative way to combine traditional asset security with blockchain technology's efficiency. By simplifying gold investments and enabling small-scale participation, Pax Gold has carved a niche in the cryptocurrency market, bridging the gap between traditional assets and modern financial tools.

PAXG

PaxGold

PAX Gold (PAXG) Live Price Data

Markets

About PAX Gold (PAXG)

What is PAX Gold (PAXG)?

The Vision Behind Pax Gold

Leadership and Expertise

The Unique Appeal of Pax Gold

Inspiring a New Wave of Gold-Backed Cryptocurrencies

PAXG to local currency

PAXG to crypto currency