PAXG
$4,910.67

PAX Gold (PAXG) Price

$4,910.67
1m
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PAX Gold (PAXG) Price Today

The live price of PAX Gold is 4,910.67 USD. In the past 24 hours, the trading volume of PAX Gold was 957,533,675.37 USD, up by 1.61%. The current price has decreased by -10.32% from its 7-day high of 5,619.09 USD, and increased by 1,399.64% from its 7-day low of 4,493.48 USD. With a circulating supply of 458,602.24 PAX Gold, the market cap of PAX Gold is currently 938,310,859.00 USD, down by 0% in the last 24 hours. PAX Gold currently ranks #37 by market capitalization among cryptocurrencies.

PAX Gold (PAXG) Market Data

Market Cap
$2.2B
24h Volume
$963.4M
Circulating Supply
458.6K PAXG
Maximum Supply
--
Fully Diluted Market Cap
$2.2B
Liquidity Indicator
43.22%
About
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FAQ

About PAX Gold (PAXG)

How can I buy PAX Gold (PAXG)?

Buying PAX Gold (PAXG) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase PAX Gold (PAXG) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy PAXG Guide for more information.


What Is Pax Gold (PAXG) and How Does It Work?


Pax Gold (PAXG) is a digital asset backed by real, physical gold. Each PAXG token represents one fine troy ounce of LBMA-accredited gold stored in secure, audited vaults. Issued by Paxos, a regulated financial institution, PAXG allows investors to gain exposure to gold without the challenges of physical storage or transportation.

PAXG operates on the Ethereum blockchain as an ERC-20 token, making it easy to trade, transfer, and integrate with crypto wallets, DeFi platforms, and exchanges. Because each token is directly linked to a specific gold bar, holders can verify ownership details through Paxos’s on-chain lookup tools, ensuring full transparency and trust.

By combining the stability of physical gold with the flexibility of blockchain technology, Pax Gold offers a modern way to own and trade gold digitally. Investors can buy, sell, or hold PAXG like any other cryptocurrency while benefiting from gold’s long-standing role as a store of value and hedge against market volatility.

How Is Pax Gold Different From Physical Gold?


Pax Gold (PAXG) differs from physical gold by offering digital ownership of real, allocated gold without the challenges of storage, insurance, or transportation. Each PAXG token represents one fine troy ounce of LBMA-accredited gold held in secure vaults, allowing investors to trade, transfer, or store gold instantly on the blockchain.

Compared to holding physical gold bars or coins, PAXG provides greater liquidity, fractional ownership, and 24/7 global accessibility. Unlike some other gold-backed tokens such as Tether Gold (XAUT), which also represents physical gold but operates under a different custody and redemption structure, PAXG emphasizes direct allocation, regulatory oversight, and on-chain transparency through Paxos’ verification tools.

When Did Pax Gold Launch?


Pax Gold was launched on September 5, 2019 by Paxos Trust Company, a regulated blockchain financial institution founded in 2012 by Charles Cascarilla, Rich Teo, and Emil Woods. The token was introduced as the first regulated gold-backed digital asset, approved by the New York State Department of Financial Services (NYDFS), combining traditional gold ownership with modern blockchain benefits.

Pax Gold Roadmap and Key Milestones


• 2012: Paxos founded, originally as itBit, a Bitcoin exchange.

• 2018: Paxos launches Paxos Standard (PAX)/Pax Dollar (USDP) stablecoin.

• Sep 5, 2019: Pax Gold (PAXG) goes live as an ERC-20 gold-backed token.

• 2021+: PAXG grows in adoption and market presence, surpassing significant token supply and market cap milestones.

• 2025: Paxos expands regulatory footprint and develops institutional integration of tokenized assets.

What Is the PAXG Token Used for?


PAXG is used as a digital representation of physical gold, allowing users to own, trade, and transfer gold on the blockchain without handling or storing physical bullion. It serves as a hedge against inflation, a store of value, and a bridge between traditional gold markets and the crypto ecosystem, while also being usable across DeFi platforms for trading, lending, or collateral.

On BingX, you can trade PAXG easily on the spot market by exchanging it with supported trading pairs such as PAXG/USDT. Simply deposit funds, place a market or limit order, and gain direct exposure to tokenized gold with real-time pricing and deep liquidity.

What Is Pax Gold Tokenomics?


Pax Gold (PAXG) has a simple and transparent tokenomics model designed to mirror physical gold ownership. Each PAXG token represents one fine troy ounce of LBMA-accredited gold stored in secure, audited vaults. There is no fixed maximum supply; the total supply expands or contracts based on market demand and the amount of physical gold deposited or redeemed through Paxos.

PAXG does not use inflationary token emissions or staking rewards. New tokens are minted only when verified gold is added to custody, and tokens are burned when holders redeem them for physical gold or fiat. This 1:1 backing ensures price stability relative to gold and makes PAXG a transparent, asset-backed digital token rather than a speculative or inflationary cryptocurrency.

What Blockchain Network Does Pax Gold Operate on?


Pax Gold (PAXG) operates on the Ethereum blockchain as an ERC-20 token, allowing it to integrate seamlessly with wallets, exchanges, and decentralized applications across the Ethereum ecosystem. By using Ethereum’s secure and widely adopted infrastructure, PAXG benefits from transparent on-chain transactions, smart contract functionality, and compatibility with DeFi platforms, while still being fully backed by physical gold held in secure vaults.

How to Store PAXG Tokens Securely


For convenience and ease of trading, many users choose to hold PAXG directly on BingX, where tokens are protected by advanced security measures, cold-wallet storage, and real-time risk monitoring. Storing PAXG on an exchange also allows quick access to trading pairs, liquidity, and portfolio management tools.

For long-term holding and full self-custody, PAXG can be stored in non-custodial wallets such as hardware wallets like Ledger, Trezor or trusted software wallets like MetaMask. These options give users full control over their private keys and enable interaction with DeFi platforms, while still maintaining ownership of gold-backed assets secured on the Ethereum blockchain.

Is Pax Gold (PAXG) a Good Investment?


Pax Gold (PAXG) is considered a strong investment option for investors seeking the stability of physical gold with the flexibility of digital assets. Each PAXG token is fully backed by one troy ounce of LBMA-accredited gold, offering a reliable hedge against inflation and market volatility. Unlike traditional gold, tokenized gold like PAXG and XAUT are easily tradable, divisible, and transferable on the blockchain, allowing investors to gain gold exposure without storage or custody hassles. Its transparent reserve system, regulatory oversight, and growing adoption across exchanges and DeFi platforms make PAXG an efficient and modern way to hold and trade gold in today’s digital economy.


Info Source

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