PAX Gold

PAX Gold (PAXG) is a crypto asset, and each token represents one Troy ounce of 400 ounces of standard delivery Gold bars held in the Brink Professional Vault. All holders of PAX Gold enjoy direct ownership of their corresponding Gold under the Trust of Paxos Trust Company. As a result, the value of PAX Gold tracks the real-time market price of Gold. 
PAX Gold (PAXG) is a digital asset published by Paxos. Ethereum ERC-20 is a gold-backed digital currency issued under the Ethereum ERC-20 protocol. Paxos has a background in multiple asset-backed token offerings or regulatory services -- such as staboin Paxos Standard (PAX) and HUSD, where Paxos is responsible for the custody, issuance and other related matters of PAXG. PAX Gold is a gold-backed token regulated by the New York State Department of Financial Services (NYSDFS). It's also the government agency that oversees Paxos. 
PAX Gold customers not only have the physical Gold anchored behind them, but can also enjoy the speed and liquidity of digital assets. Customers can own some of the highest quality physical gold. On the Paxos website, customers can quickly and efficiently convert their tokens into registered gold, bearer gold, or fiat currency (and vice versa), reducing delivery risk. 
PAXG holders can query the serial number, value, and other physical characteristics of the gold behind their encrypted gold PAXG at PaxGold using their Ethereum wallet address anytime, anywhere. 
 Each PAXG token represents 1 Troy ounce of physical gold on a particular serialized gold bar. If the customer has enough PAXG to represent the entire bar, they can exchange those tokens for a single bar. Ownership, on the other hand, can be divided into up to 18 decimal places, allowing customers to own very small amounts of high-quality gold for the first time.

0x45804880de22913dafe09f4980848ece6ecbaf78

0xbF8afa4663B30c621a5f7497a972Fc63c1a06c66

C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe

0x7afb0e2eba6dc938945fe0f42484d3b8f442d0ac

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What is PAX Gold (PAXG) and how does it work?

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Charles Cascarilla is the founder and chief executive officer of both Paxos Standard and Pax Gold. Cascarilla has an extensive career in capital management, which is what led him to explore the vast possibilities cryptocurrencies offer.
After acquiring a degree in finance from the University of Notre Dame, he co-founded Cedar Hill Capital Partners in 2005. This was the start of his career in finance and capital management. Since 2005, Mr. Cascarilla has participated in several traditional and blockchain-based venture capital projects.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	PAXG/USDT	2,590	0.5%	$2,584,442.6	12.7355%	2024-09-16 19:50:40
2	Binance	2	Binance	PAXG/TRY	88,208	0.42%	$250,146.69	1.2327%	2024-09-16 19:50:10
3	KuCoin	3	KuCoin	PAXG/USDT	2,591.54	0.59%	$185,309.1	0.9132%	2024-09-16 19:50:28
4	Binance	4	Binance	PAXG/BTC	0.04471000	3.88%	$164,246.36	0.8094%	2024-09-16 19:50:48
5	Kraken	5	Kraken	PAXG/BTC	0.04464100	3.89%	$148,391.49	0.7312%	2024-09-16 19:47:15
6	Bitget	6	Bitget	PAXG/USDT	2,588.84	0.47%	$117,399.68	0.5785%	2024-09-16 19:48:13
7	Kraken	7	Kraken	PAXG/USD	$2,590.53	0.74%	$92,693.89	0.4568%	2024-09-16 19:47:15
8	Gemini	8	Gemini	PAXG/USD	$2,594.99	0.31%	$78,756.63	0.3881%	2024-09-16 19:50:29
9	Kraken	9	Kraken	PAXG/EUR	2,329.97	0.22%	$67,385.58	0.3321%	2024-09-16 19:47:15
10	MEXC	10	MEXC	PAXG/USDT	2,589.34	0.52%	$62,170.44	0.3064%	2024-09-16 19:48:44
11	BingX	11	BingX	PAXG/USDT	2,589.77	0.48%	$61,909.15	0.3051%	2024-09-16 19:50:06
12	CoinW	12	CoinW	PAXG/USDT	2,574.8909	-0.11%	$19,599.96	0.0966%	2024-09-16 19:50:03

	Volume(24H)	Trading Percent
Binance	Binance	$2,998,835.65	29.5793%	Visit
Kraken	Kraken	$322,318.28	3.1792%	Visit
KuCoin	KuCoin	$188,579.32	1.8601%	Visit
Crypto.com Exchange	Crypto.com Exchange	$22,706.56	0.2240%	Visit
Bitget	Bitget	$117,399.68	1.1580%	Visit
MEXC	MEXC	$62,170.44	0.6132%	Visit
BingX	BingX	$61,909.15	0.6106%	Visit
HitBTC	HitBTC	$66.7389	0.0007%	Visit
CoinW	CoinW	$19,599.96	0.1933%	Visit
Gemini	Gemini	$78,756.63	0.7768%	Visit
Bitso	Bitso	$15,612.58	0.1540%	Visit

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