PAX Gold (PAXG) currently has a price of ¥303.5K and is down -0.17% over the last 24 hours. The cryptocurrency is ranked 190 with a market cap of ¥60.6B. Over the last 24 hours, it saw ¥2.6B of trading volume. The token has a circulating supply of 199.4K tokens out of a total supply of 199.4K tokens.
PAX Gold (PAXG) is a cryptocurrency token backed by physical gold stored in Brink's vaults, providing investors an accessible and stable way to gain exposure to gold. PAXG, built on Ethereum, ensures transparency and secure transactions through smart contracts. It can be traded on various exchanges like any other cryptocurrency. As a regulated financial institution, Paxos provides reassurance regarding the legitimacy of PAXG, attracting investors looking to diversify and hedge against market volatility with gold, a safe haven asset.
Disclaimer: The “About” content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.