PAX Gold (PAXG) price, chart, coin profile and news

Find the latest PAX Gold (PAXG) price, coin profile, news and history to get you started with PAX Gold trading and investing.

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What is PAX Gold?

As the name implies, PAX Gold, or PAXG, is a commodity-based stablecoin that is backed by physical gold. It is issued by New York-based fintech firm Paxos. Just like some USD stablecoins, such as Tether USD, each PAXG token is backed by 1 fine troy ounce (t oz) of gold. The gold is maintained in a secure vault that is insured and maintained by Paxos. The asset was created to give investors seamless access to the gold market without the use of derivatives, such as ETFs or futures. The token was built using the Ethereum blockchain and conforms with the ERC20 standard. It can be used with any Ethereum-based application and stored within a personal cryptocurrency wallet just like other cryptocurrencies. At any time, each coin can be swapped for physical gold, as long as the redemption amount is above 1t oz. Although 1t oz is required when withdrawing funds, every PAXG token can be fractionalised and split into a whopping 18 decimal points.

PAX Gold (PAXG) is the 83rd largest cryptocurrency in the world by market cap, valued at $620,738,375. The current price of PAX Gold is $2606.632, which is 0.404% higher than yesterday. Prices have ranged between $2618.658 and $2584.862 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 27, 2022 01:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

PAX Gold (PAXG) price

Use our graph to track the performance of (PAXG) over time.

PAX Gold at a glance

Information last updated May 27, 2022 01:05 UTC.
Coin symbol PAXG
Coin Marketcap AUD$620,738,375
Total PAXG supply 333,601
Circulating PAXG 333,601
Current price AUD$2606.632
All time high AUD$3.92
All time high date May 17, 2021

PAX Gold price performance over time

Historical prices compared with the price of $2606.632.

1 hour 0.06%
24 hours 0.40%
7 days 0.48%
14 days 1.41%
30 days -2.36%
60 days -4.56%
200 days 1.99%
1 year -2.85%

Disclaimer: Cryptocurrencies, including PAX Gold, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PAXG is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the PAX Gold or any other cryptocurrency discussed.

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