PAX Gold Price Reaches $1,850.91 on Exchanges (PAXG)

PAX Gold (PAXG) traded down 0.1% against the US dollar during the 1-day period ending at 15:00 PM ET on May 22nd. One PAX Gold coin can now be purchased for approximately $1,850.91 or 0.06178107 BTC on major cryptocurrency exchanges. During the last week, PAX Gold has traded 2.1% higher against the US dollar. PAX Gold has a total market cap of $615.16 million and approximately $16.12 million worth of PAX Gold was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 1.8% higher against the dollar and now trades at $29,951.77 or 0.99975381 BTC.
  • Binance USD (BUSD) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00003340 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00003340 BTC.
  • Polygon (MATIC) traded 1.9% higher against the dollar and now trades at $0.66 or 0.00002208 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.50 or 0.00001670 BTC.

PAX Gold Coin Profile

PAX Gold (CRYPTO:PAXG) is a coin. It was first traded on August 29th, 2019. PAX Gold’s total supply is 332,355 coins. 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. The official message board for PAX Gold is medium.com/paxos.

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 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, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the aforementioned exchanges.

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