Log in/ Sign up

About PAXG

PAX Gold (PAXG) is a cryptocurrency launched in 2019. PAXG has a current supply of 182,646.53 with 182,646.53 in circulation. The last known price of PAXG is 2,447.82 USD and is 74.16 over the last 24 hours. It is currently trading on active market(s) with $42.08M traded over the last 24 hours. More information can be found at https://www.paxos.com/paxgold/.

Official Website

Social Media

PAXG Price Statistics
PAXG’s Price Today
24h Price Change
24h Volume
24h Low / 24h High
$1,921.56 / $1,928.54
Volume / Market Cap
Market Dominance
Market Rank
PAXG Market Cap
Market Cap
Fully Diluted Market Cap
PAXG Price History
7d Low / 7d High
$1,901.38 / $1,945.05
All-Time High
$3,487.68Apr 22, 2020
All-Time Low
$1,387.98Oct 27, 2019
PAXG Supply
Circulating Supply
Total Supply
Max Supply
Updated Apr 16, 2024 12:09 pm
PAX Gold
Mkt Cap $447.09M
There's nothing here for now

Frequently Asked Questions

  • What Is Pax Gold (PAXG)?

    Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

    The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. According to the official whitepaper, Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.

    Read More
  • Who Are the Founders of Pax Gold?

    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.

    Read More
  • What Makes Pax Gold Unique?

    With a growing number of ERC-20 tokens available for purchase, Pax Gold stands out because it is backed by an already established commodity. One of the main goals for Pax Gold is to make investing in gold more accessible.

    The official whitepaper states that “more than USD 3.5 trillion of the total gold available today is used solely for investment purposes;” however, a large portion of it is unavailable to small-time investors. This is where Pax Gold comes into play. Each PAXG token is backed by a fraction of a piece of London Good Delivery gold bar, stored in Brink’s gold vaults, which is the approved storage company by the London Bullion Market Association.

    Through combining the security and liquidity offered by blockchain-based cryptocurrency, and the established name of gold as a physical commodity, Pax Gold brings a new investment opportunity to traders. PAXG has inspired other cryptocurrency developers to create gold-backed tokens as well.

    Read More
  • How Many Pax Gold (PAXG) Coins Are There in Circulation?

    Pax Gold tokens have a one to one ratio with the gold storage backing it. This means that there is a PAXG coin for each ounce of gold in rotation covered by the Pax Gold protocol. In this sense, the amount of PAXG tokens in circulation changes frequently.

    At the moment of writing, there are about 60,161 PAXG coins in circulation. However, the number of coins shifts almost by the minute as new investors are introduced, and Pax Gold increases the available gold supply for backing.

    Read More
  • How Is the Pax Gold Network Secured?

    In the official whitepaper, Pax Gold CEO Charles Cascarilla explains that the PAXG protocol is created entirely on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. However, PAXG is not exclusively tied to Ethereum and can be launched on other blockchains as well.

    Proof-of-work protocols represent a classic approach to cryptocurrency mining, Bitcoin being the most prominent example. Ethereum has, however, recently begun its transition to the proof-of-stake (PoS) model, aiming to reduce the resources necessary for token mining, among other things.

    Read More
  • Where Can You Buy Pax Gold (PAXG)?

    Pax Gold is an ERC-20 token, which means it can be bought on many established exchanges and can be stored in a wide variety of cryptocurrency wallets. Some of the top recommended exchanges for trading Pax Gold are Binance, BitZ and Kraken. It is important to note that while Pax Gold is backed by physical gold bars, there still is risk associated with investing and trading PAXG. Find out more here about buying cryptos.

    Read More
  • What is the all-time high price of PAX Gold (PAXG)?

    The all-time high of PAXG was 3,487.68 USD on 2020-04-22, from which the coin is now down 0%. The all-time high price of PAX Gold (PAXG) is 3,487.68. The current price of PAXG is down 0% from its all-time high.

    Read More
  • How much PAX Gold (PAXG) is there in circulation?

    As of , there is currently 182,646.53 PAXG in circulation. PAXG has a maximum supply of 0.

    Read More
  • What is the market cap of PAX Gold (PAXG)?

    The current market cap of PAXG is 447.09M. It is calculated by multiplying the current supply of PAXG by its real-time market price of 2,447.82.

    Read More
  • What is the all-time low price of PAX Gold (PAXG)?

    The all-time low of PAXG was 1,387.98 , from which the coin is now up 0%. The all-time low price of PAX Gold (PAXG) is 1,387.98. The current price of PAXG is up 0% from its all-time low.

    Read More
  • Is PAX Gold (PAXG) a good investment?

    PAX Gold (PAXG) has a market capitalization of $447.09M and is ranked #159 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze PAX Gold (PAXG) price trends and patterns to find the best time to purchase PAXG.

    Read More