PAX Gold (PAXG) Market Capitalization Reaches $113.90 Million

PAX Gold (CURRENCY:PAXG) traded 0.1% lower against the dollar during the twenty-four hour period ending at 11:00 AM Eastern on June 11th. During the last seven days, PAX Gold has traded down 0.3% against the dollar. One PAX Gold coin can now be purchased for approximately $1,893.27 or 0.05112529 BTC on popular cryptocurrency exchanges. PAX Gold has a total market cap of $113.90 million and approximately $25.09 million worth of PAX Gold was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • Chainlink (LINK) traded down 6.1% against the dollar and now trades at $22.62 or 0.00061088 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00002701 BTC.
  • Polygon (MATIC) traded down 5.4% against the dollar and now trades at $1.34 or 0.00003618 BTC.
  • THETA (THETA) traded down 6.1% against the dollar and now trades at $8.29 or 0.00022381 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00002703 BTC.
  • Aave (AAVE) traded 5.1% lower against the dollar and now trades at $306.55 or 0.00827808 BTC.
  • FTX Token (FTT) traded 1.4% lower against the dollar and now trades at $32.33 or 0.00087298 BTC.
  • PancakeSwap (CAKE) traded down 5.5% against the dollar and now trades at $16.92 or 0.00045689 BTC.

PAX Gold Profile

PAX Gold (PAXG) is a coin. Its launch date was August 29th, 2019. PAX Gold’s total supply is 84,150 coins and its circulating supply is 60,161 coins. PAX Gold’s official message board is medium.com/paxos. PAX Gold’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. The official website for PAX Gold is www.paxos.com/paxgold.

According to CryptoCompare, “PAX Gold (PAXG) is an asset-backed token where one token represents 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. “

PAX Gold Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as PAX Gold directly using U.S. dollars. Investors seeking to trade PAX Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the aforementioned exchanges.

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