PAX Gold (PAXG) Self Reported Market Cap Tops $540.26 Million

PAX Gold (PAXG) traded down 0.2% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on November 2nd. One PAX Gold token can currently be bought for approximately $2,740.16 or 0.04020690 BTC on major cryptocurrency exchanges. During the last seven days, PAX Gold has traded 0.8% lower against the U.S. dollar. PAX Gold has a total market cap of $540.26 million and $6.74 million worth of PAX Gold was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during 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 down 2.2% 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 1.2% higher 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.4% against the dollar and now trades at $68,616.37 or 1.00682063 BTC.
• SolvBTC (SOLVBTC) traded down 1.7% against the dollar and now trades at $68,439.89 or 1.00423105 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Profile

PAX Gold’s genesis date was August 29th, 2019. PAX Gold’s total supply is 197,163 tokens. PAX Gold’s official message board is medium.com/paxos. PAX Gold’s official website is www.paxos.com/paxgold. 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.”

PAX Gold Token Trading

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

PAXG/USD price chart by TradingView