PAX Gold (PAXG) Self Reported Market Cap Hits $2.26 Billion

PAX Gold (PAXG) traded down 1.5% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on February 17th. PAX Gold has a total market cap of $2.26 billion and $233.93 million worth of PAX Gold was traded on exchanges in the last day. One PAX Gold token can now be bought for approximately $4,925.55 or 0.07229135 BTC on major exchanges. Over the last seven days, PAX Gold has traded 2.6% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• 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 2.2% lower 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 2.2% lower 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 1.9% lower against the dollar and now trades at $68,566.11 or 0.99677354 BTC.
• SolvBTC (SOLVBTC) traded down 1% against the dollar and now trades at $67,880.62 or 0.99627042 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About PAX Gold

PAX Gold was first traded on September 5th, 2019. PAX Gold’s total supply is 459,010 tokens. The official message board for PAX Gold is www.paxos.com/blog/pax-gold-the-safest-way-to-own-gold-today. 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.

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