CoinMarketCap Pax Gold (PAXG) coin page changes — archived 2022-01-21, date approximate

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The live **PAX Gold price today** is $1,780.51 USD with a 24-hour trading volume of $21,683,880 USD. We update our PAXG to USD price in real-time. PAX Gold is down 0.45% in the last 24 hours. The current CoinMarketCap ranking is #193, with a live market cap of $318,963,148 USD. It has a circulating supply of 179,141 PAXG coins and the max. supply is not available.

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The live **PAX Gold price today** is $1,848.73 USD with a 24-hour trading volume of $13,981,854 USD. We update our PAXG to USD price in real-time. PAX Gold is up 0.00% in the last 24 hours. The current CoinMarketCap ranking is #151, with a live market cap of $333,996,889 USD. It has a circulating supply of 180,663 PAXG coins and the max. supply is not available.

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## What Is Pax Gold (PAXG)?

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Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token operating on the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain), Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

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The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why [Paxos Standard](https://coinmarketcap.com/currencies/paxos-standard/) decided to create a cryptocurrency entirely backed by gold. According to the [official whitepaper](https://www.paxos.com/wp-content/uploads/2019/09/PAX-Gold-Whitepaper.pdf), Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.

+The live **PAX Gold price today** is $1,780.51 USD with a 24-hour trading volume of $21,683,880 USD. We update our PAXG to USD price in real-time. PAX Gold is down 0.45% in the last 24 hours. The current CoinMarketCap ranking is #193, with a live market cap of $318,963,148 USD. It has a circulating supply of 179,141 PAXG coins and the max. supply is not available.
+The live **PAX Gold price today** is $1,848.73 USD with a 24-hour trading volume of $13,981,854 USD. We update our PAXG to USD price in real-time. PAX Gold is up 0.00% in the last 24 hours. The current CoinMarketCap ranking is #151, with a live market cap of $333,996,889 USD. It has a circulating supply of 180,663 PAXG coins and the max. supply is not available.
 ## What Is Pax Gold (PAXG)?
 Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token operating on the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain), Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
 The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why [Paxos Standard](https://coinmarketcap.com/currencies/paxos-standard/) decided to create a cryptocurrency entirely backed by gold. According to the [official whitepaper](https://www.paxos.com/wp-content/uploads/2019/09/PAX-Gold-Whitepaper.pdf), Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.