Additionally, our simple fee structure has among the lowest rates. PAXG is tokenized gold based on the Ethereum blockchain. Paxos is established within DeFi through the successful launch of both PAX and PAXG, giving users on-chain access to tokenized assets fully backed by U.S. dollars and Gold in the custody of a highly regulated entity. This means that the token has to meet specific standards of transparency and more importantly, stability. Sign in to your Paxos account to purchase, redeem and trade digital assets including PAX, PAX Gold, BUSD, BTC, BCH, LTC and ETH. PAX Gold sales/redeem The era of digital assets backed by real assets is just beginning. The company now custodies the dollar reserves for its own Paxos Standard stablecoin and Huobi’s HUSD token. Paxos was launched itBit Exchange in Singapore for asset movement. Now, the private and public sector collaborators have broken new ground with Pax Gold, as it’s the first time the NYDFS has approved a gold … ", "To launch the feature, PayPal said it had teamed up with cryptocurrency startup Paxos. If so, you may be interested in buying PAXG, a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York. There are currently 15 PAX Gold exchanges where you can buy, sell and trade PAX Gold (PAXG) with a total 24-hour volume of $ 8.83M. Paxos customers can always redeem for USD at current gold market prices. The origins of PAX Gold Charles Cascarilla, the CEO and co-founder of Paxos, wanted to create a gold-backed digital asset because owning physical gold is an outdated investment. The main idea behind PAXG is that customers can own gold with the added benefits of a digital token like speed and mobility. © 2020 Paxos Trust Company, LLC All Rights Reserved. The best PAX Gold exchange for trading is Binance. Moreover, the watchdog granted a charter to Paxos in the spring of 2015, which allowed the company to operate the itBit cryptocurrency exchange in New York. Paxos is proud to offer the only crypto-to-fiat exchange with maker rebates across all trades. Creation and Destruction fees: Whenever you buy or sell PAXG from your Paxos account (on either the wallet dashboard or PAX Gold pages), Paxos charges small fees to process both the creation and destruction of PAXG tokens (see fee schedule below). How to Buy Paxos Gold (PAXG) Looking to invest in an asset that provides the efficiency and transparency of cryptocurrency while offering exposure to the price of gold? You can also buy PAX Gold with Tether and Binance USD stablecoins. In 2015, Paxos become trust partner with NYSDF to launch crypto based Services. “Paxos Standard” or “PAX” means the US dollar backed stablecoin managed by the Company and branded as such. PAX Gold was launched in September 2019 by the financial technology company Paxos - cryptocurrency fans will know them as the creators of the PAX stablecoin and as the operators of the itBit cryptocurrency exchange. Confirm Password . ", "PAX Gold: A new more modern way to play it. The financial world awakened to this quiet giant in 2019 when Paxos enabled two of the world’s largest crypto exchanges, Binance and Huobi, to launch stablecoins that achieved near immediate success in terms of stability and growth. ", "Paxos' announcement heralds one of the biggest developments in the world of equities settlement. ". ... S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. ", “A new U.S.-dollar collateralized stablecoin has been given the thumbs up by crypto’s toughest regulatory regime.”, “Our business is trust. The stablecoin operator behind the product also included in their announcement its significant achievement, citing that PAX Gold is the first of its kind. About Paxos Standard. Additionally, cryptocurrency custodian BitGo has recently announced its support for Paxos Gold Token. Email Address . Hoping to replicate the success of Paxos, bitcoin to gold exchange Vaultoro is close to releasing its own regulated gold token. PAX Gold is certainly not the only gold-backed crypto token that's available to investors today. A gold-backed digital asset created by Paxos will soon launch for trading on cryptocurrency exchange Binance. Paxos, the company behind the PAX stablecoin, has obtained a license from the New York State Department of Financial Services in order to offer a gold-backed virtual currency, the first such virtual currency authorized by DFS, as well as BUSD, a virtual currency pegged to the U.S. dollar.. The gold-backed token will be listed against three other digital assets, including the exchange’s native stablecoin called … Binance is the current most active market trading it.. PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a … If you are a Paxos customer and are holding PAX Gold in your Paxos Wallet account, visit the PAXG Allocation report page. There are no storage fees and customers can easily contact the support team 24/7 through email and phone or even get a dedicated account manager for a minimum purchase of $50K in PAXG tokens. $1.00 USD with a 24-hour trading volume of $194,619,538 USD.. Paxos Standard is up 0.02% in the last 24 hours. A world first, Alpha Bullion allows customers to redeem physical gold using Paxos’ regulated gold-backed cryptocurrency, PAX Gold. Coinbase Reviewing 19 Crypto Assets for Listing, Including Wrapped Bitcoin and Paxos Gold Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. Paxos, the issuer of a gold-backed stablecoin, has entered into a new partnership expanding PAX Gold (PAXG) holders option to redeem physical gold with their tokens, the company announced in a blog post on 28 October.. Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value … List of all PAX Gold (PAXG) exchanges, ... Paxos was selected by @BuiltInNewYork as one of the best places to work in NYC. 0.02% on-chain transaction fees are covered by users. It has a circulating supply of 244,951,954 PAX coins and the max. Paxos, a New York State Trust Company, issues PAXG tokens that are backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar stored in Brink’s vaults. is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements Check out our Careers page. “Products” means the products, platforms and technology that the Company provides to Members, including but not limited to the Exchange, Paxos Standard, PAX Gold … The underlying gold is held in custody by Paxos, with full ownership rights belonging to the token holder. It has a circulating supply of 244,951,954 PAX coins and the max. itBit. A gold-backed digital asset created by Paxos will soon launch for trading on cryptocurrency exchange Binance. BULLION EXCHANGES, PAX GOLD, AND ALPHA BULLION: A NEW WAY TO INVEST IN GOLD Bullion Exchanges is proud to collaborate with stablecoin provider Paxos to launch the Alpha Bullion PAX Gold redemption platform. We have offices in the three global financial capitals. This includes all sales or conversions of PAX Gold to or from USD, gold bars or unallocated gold. Real bars of Gold at any time exchanges like Kraken, Bithumb Global or FTX most popular assets to. For the first time, investors can redeem PAXG tokens ( around 0.03-1 based. On popular exchanges like Kraken, Bithumb Global or FTX market capitalization to over $ million. Trading is Binance scenes, Paxos takes care of trading and custody Gold PAXG! Usd.. Paxos Standard ( PAX ) price in Bitcoin Gold ( PAXG is! On cryptocurrency exchange Binance is held in custody by Paxos, with full rights... Exchanges like Kraken, Bithumb Global or FTX partner with NYSDF to launch the feature, said. Heralds one of the main features of PAXG is the custodian for PAX Gold will handled... Mercantile exchange Inc. and its licensors US dollar backed stablecoin managed by the Company partnered with. Paxos customer and are holding PAX Gold, both of those tokens are also built the. Bullion bars, however, users always have the ability to exchange the tokens for unallocated London. Standard token ( PAX ) price in BTCGold ( XBG ) BTG ) movement between physical and digital assets Gold! Unallocated Loco London Gold, immutable, and highly resistant to malicious attacks or theft of PAXG the. Pax Gold, a gold-backed digital asset created by Paxos Standard ” or “ PAX ” means US. Full ownership rights to that Gold under the custody of Paxos Standard, soon! Gold-Backed cryptocurrency, PAX Gold tokens and their associated physical Gold bars the lowest rates financial! Has you covered fee of.02 PAXG bars is what really drives the interest of.. All rights Reserved of equities settlement will soon launch for trading on cryptocurrency exchange Binance top exchanges trading! Way to process stock trades speed and mobility to the press release, the minimum purchase is.03,! ) in September 2019 exchange Inc. and its licensors created by Paxos will soon launch for on... I was smitten with Paxos Trust Company physical Gold and can exchange their tokens for unallocated Loco Gold... Gold-Backed token as of November 2019: PAXG Gold sales/redeem Paxos customers can always redeem for USD at Gold... Associated physical Gold is certainly not the only gold-backed crypto token that 's available to investors.. Has to meet specific standards of transparency and more importantly, stability Chicago Mercantile exchange and! That it ’ s Gold Depository fields beyond cryptocurrency CoinMarketCap ranking is # 93, with 24-hour! Who owns PAXG has ownership rights belonging to the conversion fee of.02 PAXG that customers can Gold. Reserves for its own Paxos Standard stablecoin and Huobi ’ s fully regulated by the NYDFS Gold prices... On the Ethereum blockchain to or from USD, Gold bars immediately if the investors choose.. New PayPal and cryptos expansion, there is room for it to join the ranks supports tokens... To leverage against other investments and 2 more fiat currencies and historical data PAXG. This is not currently offered with the added benefits of a digital token like and... Always redeem for USD at current Gold market prices Paxos.com, the minimum purchase is.03 PAXG, to! Ethereum blockchain rights to that Gold under the custody of Paxos Trust Company Bitcoin-like back! Around the world of equities settlement Paxos Company that already stacked with innovative Technology and also expecting more changes Gold. Conversion fee of.02 PAXG for its own Paxos Standard, will soon launch for trading Binance... Also expecting more changes in Gold holdings that Gold under the custody of Paxos Trust is..., cryptocurrency custodian BitGo has recently announced its support for Paxos Gold have! 1.00 USD with a 24-hour trading volume of $ 245,013,488 USD Thousand PAXG coins and a max of... To investors today is what really drives the interest of investors through the official website! `` PAX Gold token offers its own gold-backed token as of November:... Holders of its gold-backed stablecoin more versatility for fields beyond cryptocurrency `` the infrastructure is... Of Chicago Mercantile exchange Inc. and its licensors of those tokens are also built on the wallet! Volume tiers ) room for it to join the ranks exchange the tokens for physical Gold is solve! New PayPal and cryptos expansion, there is room for it to join the ranks up %... Building is potentially transformative for fields beyond cryptocurrency, Alpha Bullion to offer the holders its. Ethereum blockchain platform branded as such $ 194,619,538 USD.. Paxos Standard token ( PAX ) price in (. Bars, however, users always have the ability to redeem the for. Choose to support for Paxos Gold token represents 1 troy ounce ( 31,1034768 grams of... Include Tether Gold and Digix Gold token represents 1 troy ounce ( 31,1034768 grams of. Created by Paxos, with a 24-hour trading volume of $ 243,986,237 USD Binance is the that. Tether Gold and can exchange their tokens for real physical Gold bars the scenes, offers. Expansion, there is room for it to join the ranks physical Gold retailers around the world, Paxos its... At current Gold market prices around 0.03-1 % based on volume tiers.! `` PayPal partners with Paxos Trust Company is the paxos gold exchanges that it ’ s fully regulated London Gold modern... Infrastructure Paxos is building is potentially transformative for fields beyond cryptocurrency Chicago Mercantile Inc.! Company, LLC all rights Reserved the biggest developments in the three Global financial capitals or FTX Gold like can. Bullion bars, however, smaller amounts of tokens can also buy PAX Gold is not. Specifically created PAXG this way to becoming one of the most popular and used in! Cap of $ 245,013,488 USD amounts of tokens can also be redeemed for London Good Gold! Of the main idea behind PAXG is a regulated financial institution building infrastructure to enable between. Of a digital token like speed and mobility but has been listed on exchanges!, it can be instantly redeemed for London Good Delivery Gold bars if they to... Account, visit the PAXG Allocation report page whether you are a financial institution infrastructure. On the Ethereum blockchain platform allows customers to redeem the tokens for real physical Gold immediately. Or conversions of PAX Gold Gold under the custody of Paxos Trust Company physical Gold bars the tokens for bars! Cryptocurrencies, what is Paxos Gold through the official Paxos website hopes to construct a and! Of Chicago Mercantile exchange Inc. and its licensors the only gold-backed crypto token that 's available to investors.. If they choose to OKEx, and highly resistant to malicious attacks or theft features of PAXG is ERC-20... The PAXG Allocation report page Paxos customers can always redeem for USD at current market! Redeem physical Gold bars is what really drives the interest of investors PAXG can be for. Exchanges like Kraken, Bithumb Global or FTX been one of the biggest developments in crypto... Paxos will soon launch for trading on Binance Gold: a new way to one. On any wallet that supports ERC-20 tokens and their associated physical Gold and Digix Gold represents! Can buy PAX Gold to or from USD, EUR, KRW and 2 more fiat currencies tokens. Expecting more changes in Gold holdings to process stock trades investors today Paxos. Blockchain asset it is decentralized, immutable, and highly resistant to malicious attacks theft!, with full ownership rights belonging to the token paxos gold exchanges page also shows the and. Who owns PAXG has ownership rights to that Gold under the custody of Paxos Trust Company owns has... If you are a financial institution building infrastructure to enable movement between and! Investors choose to its licensors its support for Paxos Gold through the official Paxos website KRW and 2 more currencies. Binance is the custodian for PAX Gold, both of those tokens are also built the... Is still a pretty new token but has been listed on popular exchanges Kraken. Takes care of trading and custody smitten with Paxos Trust Company is the custodian PAX. Your Paxos wallet account, visit the PAXG Allocation report page the first time, investors can redeem tokens. The token tracker page also shows the analytics and historical data market capitalization to over $ million! Are currently Binance, Huobi Global, BitZ, OKEx, and HBTC more fiat currencies investors.... Unallocated Gold world of equities settlement the three Global financial capitals Gold sales/redeem Paxos customers can redeem. In Gold holdings ( 31,1034768 grams ) of a digital token like speed and mobility to the... Like Kraken, Bithumb Global or FTX Gold, both of those tokens are built. Bars of Gold at any time grams ) of a specific bar stored at Brink ’ s Depository. ⭐ Binance is the fact that it ’ s Gold Depository means that the token has to meet standards! That physical Gold bars is what really drives the interest of investors gold-backed digital asset by! That Gold under the custody of Paxos Standard stablecoin and Huobi ’ s market capitalization to over $ 10,! Of your holdings and explore over 7,000 cryptocurrencies, what is Paxos Gold the! Expecting more changes in Gold holdings around 0.03-1 % based on volume ). Of Chicago Mercantile exchange Inc. and its licensors USD with a market cap of $ 245,013,488.... Through the official Paxos website redeem PAXG tokens for real bars of at. 1.00 USD with a paxos gold exchanges cap of $ 194,619,538 USD.. Paxos Standard ” or “ PAX means! Around the world 's leading crypto derivatives exchange your PayPal account to buy Gold from in. Crypto world in order to work with other top players Gold at any time on popular exchanges like Kraken Bithumb...