PAX Gold (PAXG) 24-Hour Trading Volume Hits $107.47 Million

PAX Gold (PAXG) traded up 1% against the dollar during the 24-hour period ending at 8:00 AM Eastern on June 22nd. During the last week, PAX Gold has traded 2% lower against the dollar. PAX Gold has a market capitalization of $929.15 million and approximately $107.47 million worth of PAX Gold was traded on exchanges in the last day. One PAX Gold token can currently be bought for about $3,426.30 or 0.03338005 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Central African Republic Meme (CAR) traded down 11.2% against the dollar and now trades at $0.0358 or 0.00000035 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 down 1.2% against the dollar and now trades at $102,562.60 or 0.99919465 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.7% against the dollar and now trades at $101,769.17 or 0.99146482 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

PAX Gold Token Profile

PAX Gold launched on August 29th, 2019. PAX Gold’s total supply is 256,656 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. PAX Gold’s official website is www.paxos.com/paxgold. PAX Gold’s official message board is medium.com/paxos.

According to CryptoCompare, “PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars.On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.”

Buying and Selling PAX Gold

It is usually not presently possible to purchase alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to trade PAX Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the exchanges listed above.

PAXG/USD price chart by TradingView