PAX Gold 1-Day Volume Reaches $29.74 Million (PAXG)

PAX Gold (PAXG) traded 0.1% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on March 6th. One PAX Gold token can currently be bought for $2,920.68 or 0.03241296 BTC on popular cryptocurrency exchanges. PAX Gold has a total market cap of $612.06 million and $29.74 million worth of PAX Gold was traded on exchanges in the last day. Over the last seven days, PAX Gold has traded 0.8% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 0.1% higher against the dollar and now trades at $0.83 or 0.00000922 BTC.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.4% higher against the dollar and now trades at $90,223.41 or 1.00127486 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.3% against the dollar and now trades at $89,844.66 or 0.99707159 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

PAX Gold Profile

PAX Gold’s launch date was August 29th, 2019. PAX Gold’s total supply is 209,562 tokens. PAX Gold’s official message board is medium.com/paxos. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. The official website for PAX Gold is www.paxos.com/paxgold.

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 possible to purchase alternative cryptocurrencies such as PAX Gold directly using U.S. dollars. Investors seeking to acquire PAX Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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