PAX Gold

Rate

At this moment, the price of PAX Gold is —. The 24-hour trading volume is —. Over the past 24 hours, the price of PAX Gold has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.

History

Issued by Paxos, a New York regulated trust company, from 2019 — one of the first gold-backed tokens with a regulated issuer behind it.

Technology

The tokens are redeemable for the underlying metal and the reserves are attested periodically, which is what separates a backed token from one that merely tracks a price.

Use cases

It is used to hold gold exposure that settles like a crypto asset, and it tracks the spot gold price closely.

Forecast

Walbi does not publish price targets. What can be said is what moves this instrument: it is used to hold gold exposure that settles like a crypto asset, and it tracks the spot gold price closely. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.