Pax Gold (PAXG) coin page
ARCHIVED 2023-01-27, DATE APPROXIMATE · VERSION 20230127_rev01 · COMPARED WITH 20221105_rev01
Full text changes — 20221105_rev01 to 20230127_rev01
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| 1 | The live **PAX Gold price today** is $1,672.45 USD with a 24-hour trading volume of $15,431,750 USD. We update our PAXG to USD price in real-time. PAX Gold is up 2.14% in the last 24 hours. The current CoinMarketCap ranking is #77, with a live market cap of $543,895,200 USD. It has a circulating supply of 325,209 PAXG coins and the max. supply is not available. | |
| 1 | The live **PAX Gold price today** is $1,919.05 USD with a 24-hour trading volume of $9,590,618 USD. We update our PAXG to USD price in real-time. PAX Gold is down 0.13% in the last 24 hours. The current CoinMarketCap ranking is #77, with a live market cap of $520,569,166 USD. It has a circulating supply of 271,264 PAXG coins and the max. supply is not available. | |
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| 3 | If you would like to know where to buy PAX Gold at the current rate, the top cryptocurrency exchanges for trading in PAX Gold stock are currently [Binance](https://coinmarketcap.com/exchanges/binance/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [Deepcoin](https://coinmarketcap.com/exchanges/deepcoin/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), and [BingX](https://coinmarketcap.com/exchanges/bingx/). You can find others listed on our [crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/). | |
| 3 | If you would like to know where to buy PAX Gold at the current rate, the top cryptocurrency exchanges for trading in PAX Gold stock are currently [Binance](https://coinmarketcap.com/exchanges/binance/), [Deepcoin](https://coinmarketcap.com/exchanges/deepcoin/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [BingX](https://coinmarketcap.com/exchanges/bingx/), and [Bitget](https://coinmarketcap.com/exchanges/bitget/). You can find others listed on our [crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/). | |
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| 5 | 5 | ## What Is Pax Gold (PAXG)? |
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| 7 | 7 | Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token operating on the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain), Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold. |
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| 9 | 9 | 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](https://coinmarketcap.com/currencies/paxos-standard/) decided to create a cryptocurrency entirely backed by gold. According to the [official whitepaper](https://www.paxos.com/wp-content/uploads/2019/09/PAX-Gold-Whitepaper.pdf), 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. |