Key Performance Metrics
PAX Gold (PAXG) currently exhibits neutral sentiment across cryptocurrency markets. Below is its comparative performance against major trading pairs and asset categories:
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| PAXG/USD | +0.13% | -0.05% | -0.12% | -1.36% | +6.47% | +44.12% |
| PAXG/BTC | -0.06% | -3.58% | -1.79% | -6.07% | -15.96% | -18.32% |
| PAXG/ETH | -0.22% | -6.26% | -5.84% | -2.92% | -21.49% | +91.19% |
| PAXG/DeFi Index | -0.02% | -5.60% | -4.29% | -3.18% | -14.31% | +66.59% |
| PAXG/Gold Spot | +0.12% | +0.27% | -1.74% | -7.22% | -10.71% | -16.90% |
👉 Track real-time PAXG price movements
Major Exchange Listings
PAXG trades actively across these platforms:
| Exchange | Trading Pair | Last Price | 24h Volume | Market Share | Liquidity |
|---|---|---|---|---|---|
| Binance Futures | PAXGUSDT | $3,359.80 | $43.01M | 47.81% | High |
| Binance Spot | PAXG/USDT 3x | $3,358.31 | $12.10M | 13.46% | Medium |
| LBank | PAXG/USDT | $3,358.32 | $6.77M | 7.53% | Medium |
| Bybit Futures | PAXGUSDT 12x | $3,360.99 | $4.08M | 4.53% | Medium |
| Bitunix Futures | PAXG_USDT | $3,359.77 | $3.43M | 3.81% | Low |
Understanding PAX Gold (PAXG)
Tokenized Gold Explained
PAXG represents physical gold ownership on blockchain:
- 1 PAXG = 1 troy ounce LBMA-approved gold
- Audited vault storage via Paxos Trust
- Combines gold's stability with crypto's liquidity
Unique Value Proposition
- 100% asset-backed: Each token redeemable for physical gold
- 24/7 trading: Unlike traditional gold markets
- Fractional ownership: Invest with as little as 0.01 PAXG
- Regulated: Compliant with NYDFS standards
👉 Discover how to buy PAXG securely
Live Market Data (Updated Continuously)
- Current Price: $3,358.31 (-0.04% 24h)
- 24h Volume: $23.29M
- Market Cap: $934.50M (0.03% of crypto market)
- Circulating Supply: 279,387.59 PAXG
FAQ Section
Q: How does PAXG maintain its gold peg?
A: Through regular audits and 1:1 backing with LBMA-standard gold bars in Brinks vaults.
Q: Can I redeem PAXG for physical gold?
A: Yes, through Paxos' redemption process (minimum 430 ounces for full bars).
Q: Why choose PAXG over other gold tokens?
A: PAXG offers the most direct redemption process and highest liquidity among regulated options.
Q: How is PAXG taxed?
A: Treated as physical gold in most jurisdictions - consult a tax professional.
Q: What's PAXG's correlation to Bitcoin?
A: Typically inverse (-0.15 to -0.35 correlation coefficient).
Q: Where to store PAXG securely?
A: In any ERC-20 compatible wallet (Ledger, Trezor, MetaMask).