PAX Gold Reaches Self Reported Market Capitalization of $603.66 Million (PAXG)

PAX Gold (PAXG) traded up 0.3% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on February 18th. PAX Gold has a market cap of $603.66 million and approximately $19.94 million worth of PAX Gold was traded on exchanges in the last 24 hours. One PAX Gold token can currently be purchased for approximately $2,931.58 or 0.03050063 BTC on major cryptocurrency exchanges. Over the last seven days, PAX Gold has traded 0.3% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• 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 2.2% lower 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.3% lower against the dollar and now trades at $95,861.17 or 0.99735328 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $95,343.03 or 0.99196249 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Token Profile

PAX Gold launched on August 29th, 2019. PAX Gold’s total supply is 205,915 tokens. PAX Gold’s official website is www.paxos.com/paxgold. PAX Gold’s official message board is medium.com/paxos. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here.

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 buy alternative cryptocurrencies such as PAX Gold directly using U.S. dollars. Investors seeking to trade PAX Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy PAX Gold using one of the aforementioned exchanges.

PAXG/USD price chart by TradingView