Pax Gold (PAXG) coin page
20210812_rev01 · COMPARED WITH 20210724_rev01 · ARCHIVE SNAPSHOT, DATE APPROXIMATE
Full text changes — 20210724_rev01 to 20210812_rev01
| 1 | The live **PAX Gold price today** is $1,811.19 USD with a 24-hour trading volume of $14,480,364 USD. PAX Gold is up 0.27% in the last 24 hours. The current CoinMarketCap ranking is #200, with a live market cap of $108,963,178 USD. It has a circulating supply of 60,161 PAXG coins and the max. supply is not available. | |
| 1 | The live **PAX Gold price today** is $1,759.01 USD with a 24-hour trading volume of $17,544,813 USD. PAX Gold is up 0.06% in the last 24 hours. The current CoinMarketCap ranking is #149, with a live market cap of $306,515,323 USD. It has a circulating supply of 174,254 PAXG coins and the max. supply is not available. | |
| 2 | 2 | |
| 3 | If you would like to know where to buy PAX Gold, the top exchanges for trading in PAX Gold are currently [Binance](https://coinmarketcap.com/exchanges/binance/), [FTX](https://coinmarketcap.com/exchanges/ftx/), [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/), [Pionex](https://coinmarketcap.com/exchanges/pionex/), and [Kraken](https://coinmarketcap.com/exchanges/kraken/). You can find others listed on our [crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/). | |
| 4 | ||
| 5 | 3 | ## What Is Pax Gold (PAXG)? |
| 6 | 4 | |
| 7 | 5 | 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. |
| 8 | 6 | |
| 9 | 7 | 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. |
| 10 | 8 |