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PAX Gold PAXG |
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£2636.11 |
-0.89% (24h) |
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Marketcap |
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£633,959,578 |
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Volume 24h |
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£28,806,234 |
Description
Paxos Gold (PAXG) is a digital asset backed by physical gold, issued by the Paxos Trust Company.
Each PAXG token represents one troy ounce of a 400-ounce London Good Delivery gold bar stored in professional vault facilities.
Launched in 2019, PAXG allows users to own and trade fractional shares of physical gold in a way that is easy and efficient.
PAXG combines the stability of gold with the flexibility of a blockchain-based digital asset, making it an attractive option for investors seeking exposure to gold without the complexities of physical storage.