PAX Gold Achieves Self Reported Market Capitalization of $531.87 Million (PAXG)

PAX Gold (PAXG) traded 0.6% higher against the US dollar during the 1 day period ending at 16:00 PM Eastern on October 19th. One PAX Gold token can currently be bought for about $2,742.44 or 0.04022828 BTC on cryptocurrency exchanges. PAX Gold has a market capitalization of $531.87 million and approximately $6.32 million worth of PAX Gold was traded on exchanges in the last 24 hours. In the last week, PAX Gold has traded up 3% against the US dollar.

Here’s how similar cryptocurrencies have performed in 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 30.2% against the dollar and now trades at $0.0787 or 0.00000115 BTC.
• P2P Solutions foundation (P2PS) traded 0.1% lower against the dollar and now trades at $171.15 or 0.00251054 BTC.

PAX Gold Profile

PAX Gold was first traded on August 29th, 2019. PAX Gold’s total supply is 193,940 tokens. PAX Gold’s official website is www.paxos.com/paxgold. The official message board for PAX Gold 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.”

Buying and Selling PAX Gold

It is usually not currently possible to buy alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to trade PAX Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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