PAX Gold Price Hits $2,775.85 on Exchanges (PAXG)

PAX Gold (PAXG) traded up 0.5% against the U.S. dollar during the one day period ending at 11:00 AM Eastern on October 30th. During the last week, PAX Gold has traded up 1.1% against the U.S. dollar. One PAX Gold token can now be bought for about $2,775.85 or 0.03835202 BTC on popular exchanges. PAX Gold has a market cap of $545.06 million and approximately $15.21 million worth of PAX Gold was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.1% higher against the dollar and now trades at $72,193.48 or 0.99744859 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.2% against the dollar and now trades at $72,011.94 or 0.99494031 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Profile

PAX Gold’s launch date was August 29th, 2019. PAX Gold’s total supply is 196,357 tokens. 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. PAX Gold’s official message board is medium.com/paxos.

According to CryptoCompare, “PAXG is a digital asset that represents physical gold stored in a vault, each token representing one troy ounce of a 400 oz London Good Delivery gold bar. It is built on the Ethereum blockchain and issued by Paxos Trust Company, a regulated financial institution and custodian of the physical gold. PAXG is primarily used as a way for investors to invest in and hold gold in a digital form, and it can be traded on various exchanges. It can also be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem, and Paxos Trust Company has developed institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.”

PAX Gold Token Trading

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

PAXG/USD price chart by TradingView