|All Time High:|
|Market Cap: |
|The price of #PAXG today is $1,968 USD.|
The lowest PAXG price for this period was $0, the highest was $1,968, and the exact current price of one PAXG crypto coin is $1,967.63322.
The all-time high PAXG coin price was $2,222.
Use our custom price calculator to see the hypothetical price of PAXG with market cap of ETH or other crypto coins.
|The code for PAX Gold is #PAXG. |
PAX Gold is 3.5 years old.
|The current market capitalization for PAX Gold is $500,195,977.|
PAX Gold is ranked #86, by market cap (and other factors).
|The trading volume is large today for #PAXG.|
Today's 24-hour trading volume across all exchanges for PAX Gold is $25,966,893.
|The circulating supply of PAXG is 254,212 coins, which is 100% of the total coin supply.|
A highlight of PAX Gold is it's unusually low supply of coins, as this supports higher prices due to supply and demand in the market.
Fueling the Growth of Enterprise Blockchain Products | Paxos
2020 was a year of uncertainty around the world, but Paxos has continued to grow and we have added 63 new team members. James Hartley, Director of Product Operations at Paxos, is one of those new hires. — Why did you join Paxos?. — I’ve always been interested in finance and investing, and more recently I became interested in blockchain. I left a career in tech after feeling burnt out, and spent a few months travelling and thinking about what I wanted next. I was looking for a few things, and Paxos ticked all the boxes:A small, talented team, based in NYA company using interesting, high-potential technologiesA strong culture aligned to my valuesAn inspiring mission and CEOA company that was rapidly shipping exciting productsWhat did you do before Paxos? — Why did you do before Paxos?. — With a computer science background, I started as a software engineer in Sydney building stock market surveillance software. But I wanted more exposure to the business and customers, which led me to technical services roles at Google working on advertiser platforms. I relocated with Google to New York to work alongside the product managers and engineers. Later I joined an 8 person startup in adtech (Arbor), where I did a bit of everything (product, account management, integrations, technical support, solutions consulting, etc). Right before Paxos I spent 3 years at LiveRamp (they acquired Arbor) leading technica...
Changing US Equities Markets with Blockchain Technology | Paxos
After recent market activity led to institutional and retail brokerages restricting trading on highly volatile stocks like GameStop, the systemic risks caused by the legacy system of equities settlement was exposed for all the market to see. That system must be updated to prevent future market failure and we’re building Paxos Settlement Service to solve this problem with blockchain technology. Today, our Managing Director for the securities business, Greg Lee is here to share his story. — What did you do before Paxos?. — For more than 20 years, I’ve worked in electronic trading for financial institutions like UBS, Deutsche Bank and Barclays. I’ve focused on building, selling, and managing electronic trading systems and platforms. I’ve been fortunate enough to work with some amazing people across the globe and have seen what technology can do to dramatically change markets. I was involved in some of the first FX online trading systems, first Equities online trading platforms. I’ve seen the industry evolve into a fully electronic and algorithmically driven marketplace — and I also lived through the dot com era and saw what unchecked technology aspirations can produce when they aren’t grounded in solid business practices. — What made you join Paxos?. — I know the ins and outs of the market and I felt it was time for a change. I was just looking for the right opportunity. I learned abou...
Full-Time Musician to Software Engineer: My Journey to Fintech | Paxos
As a financial technology firm, Paxos has an ambitious mission to bring technology and product innovation to the regulated financial services industry. We’re building the bridge to an open, 24/7 financial system. Cutting-edge tech and a great engineering team are key pieces to the success of Paxos. Today, our staff software engineer shares his non-conventional career path and why he works at Paxos. — Why did you join Paxos?. — I was looking for a job within the crypto industry when I met a few engineers from Paxos at a BitDevs event Paxos sponsored. I talked with a few of them and was immediately interested in how Paxos approached the cryptocurrency space. This was during the height of the ICO boom of 2017 and it was refreshing to see a company that wanted to be a pioneer in the cryptocurrency space while also taking regulation seriously. I was immediately impressed by the talent and friendliness of engineers I met at Paxos. — What was your work experience before Paxos?. — I have an untraditional engineering background. I first started coding when I was 12 but never received any formal training. I actually have an English degree and was touring in a band for a few years before focusing on engineering as a full-time career. — What are your day to day responsibilities at Paxos?. — As a staff engineer, a lot of my time is spent thinking about fellow engineers and the engineering organiza...
Building Products that can Revolutionize Financial Services | Paxos
In 2020, Paxos launched the Paxos Settlement Service, a blockchain-based network that allows two parties to bilaterally settle US listed securities trades directly with no intermediary. With the No-Action relief from the staff of the US SEC, Paxos is now for Credit Suisse, Instinet and Societe Generale settling listed equities. This is the first time that blockchain-enabled settlement is used in a live environment for publicly traded equities. Today, the Product Manager spearheading this innovation, , is here to share what it’s like to launch a groundbreaking product. — What are your day-to-day responsibilities at Paxos?. — I’m the product manager responsible for working on creating new settlement infrastructure for the securities industry — we call it our securities business line. Paxos is a product-led company and my role here spans across both strategic and tactical domains of building and launching products. I work closely with our leadership and business team to set business goals for Paxos Settlement Service and lead a squad of engineers to execute against a product roadmap to deliver on our goals. To scope our work, I also work with our customers to understand how our product will interact with their systems. Right now, the securities business is in the early adopter stage and we’re preparing for a big product launch which we hope will happen later in 2021. We’re currently finishing building...
How I got to work on the exchange that powers PayPal’s crypto offering | Paxos
2020 has been a tremendous year for crypto, with prominent companies and investors jumping into the industry. is arguably one of the most important forces by making crypto available to millions of Americans. What’s it like to power such an exciting product? Paxos Engineering Manager is here to share his experience. — How did you learn about Paxos?. — I joined in 2018. I had started to get interested in blockchain and knew about Paxos from reading a lot about blockchain around the time people were exploring using it as a distributed ledger for various applications and, of course, the Bitcoin boom of 2016–2017 piqued my interest. I remember being really impressed with the . — Why did you join Paxos?. — I joined Paxos because I really liked the mission and what Paxos was building: a regulated, disruptive approach to creating efficiency in key financial workflows by writing them to a distributed ledger, i.e. blockchain. I was extremely impressed by the team that interviewed me: engineering, product and our CEO & Co-Founder Charles Cascarilla. Prior to joining Paxos, I had worked either in finance or in startup environments, but Paxos seemed to combine the two, along with cutting-edge technology and extreme attention to quality. I originally worked on the securities settlement platform but my role evolved as we grew. — What was your work experience before Paxos?. — I had about 15 yea...
From a Federal Government Agency to Fintech — Practicing Law in the Emerging Blockchain Industry |…
From a Federal Government Agency to Fintech — Practicing Law in the Emerging Blockchain Industry | Paxos In the last Paxos Employee Spotlight, Paxos Compliance Officer shared why he joined Paxos and his responsibilities here. Today, we invite our Deputy General Counsel Emily Meyers to talk about her journey to Paxos. Emily has previously worked at an international law firm, a federal government enforcement agency, and the highly-valued and fast-growing startup WeWork, all after receiving her JD from Columbia University and BA from Brown University. — How did you learn about Paxos?. — When our general counsel reached out to me on LinkedIn, I wasn’t sure if a blockchain technology company was right for me. I knew little about digital assets at the time. My wife urged me to learn more, and as I got to meet more members of the Paxos team, I understood how I could be an asset to the company from day one, even without deep blockchain expertise. — Why did you join Paxos?. — I was first hooked by our audacious mission — to digitize the world’s assets. Add in innovative, hardworking and inspiring teammates, and ample opportunities to solve challenging and nuanced problems in a burgeoning industry — it made the opportunity too good to pass up. — What are your responsibilities at Paxos?. — I support all aspects of the business, helping the company to grow, mitigating risk, a...
Compliance at a Groundbreaking Fintech Firm | Paxos
What is Paxos and what do we do? From the news, you might know we power crypto for PayPal, are facilitating U.S listed equities settlement for Credit Suisse, Instinet and Societe Generale, or that we power USD-backed stablecoins for Binance and Huobi. But Paxos is much more than the headlines we make. We want to give you an inside look on what it’s like to work at a market-leading fintech. Get a better sense of who we are by meeting our people. Here’s a Compliance Officer that is responsible for ensuring our products remain safe and trusted. How did you learn about Paxos? A colleague from a previous firm had joined Paxos in early 2017 and told me about the company mission. I was interested in Paxos’ regulatory status balanced with its dedication to fintech innovation. At the time, I was following the crypto world and I was jealous my colleague was getting hands-on blockchain industry experience while I was relegated to just personal crypto trading and reading online articles. We continued to keep in touch and I later made the jump to join him at Paxos. Why did you join Paxos? There was a significant pull factor — I wanted to join a team that was truly making an impact on the world with real innovations. I was bitten by the blockchain bug in 2015 and thought this was a once-in-a-century inflection point for a major paradigm shift. I sensed the same passion from Paxos employees. What was your past work experienc...
Move Fast and Don’t Break Things: Product Management in the Regulated Financial Services Industry
Paxos occupies a unique position in the financial services industry as a regulated financial institution that is also technology focused. As a regulated Trust company that is tech-native, Paxos can connect the traditional financial services and blockchain technology worlds in ways where most other companies are unauthorized to do so. But with this status come challenges — especially as it relates to product management. A product manager’s job is to set a direction for the business while also connecting customer needs with technology capabilities. However, product management at a regulated company adds a third factor to this calculus — the regulatory status of the product. Here are a few of the tactics I’ve employed to operate in this multi-layered environment that can help PMs facing similar business challenges when working in financial services or other regulated industries. Financial Services is one of the most highly regulated industries globally. Unlike Airbnb and Uber that “ask for forgiveness” after blitz-scaling in lightly-regulated markets, Paxos “asks for permission” before entering new markets and introducing new products. Many of our customers are regulated and we believe we can better serve their needs if we operate within their regulatory frameworks. As a product manager, this approach has implications for designing and developing new products and features. At the outset of design, product ...
New Maker Rebates for ETH Trades on itBit
We’re excited to share that on itBit, the Paxos exchange, itBit customers will now begin receiving 3.5 bps rebates of the notional value on all confirmed ETH maker trades. We are thrilled to offer even more to our customers on top of the most competitive taker rates available and plan to continue providing the highest quality services in the industry. All ETH maker rebates will be credited to the customer’s fiat balance(non-ETH maker orders will remain free and not receive any rebate). Our industry-leading, low taker rates will remain the same, structured in tiers based on 30-day rolling volumes. At itBit, user trading volume is aggregated by fiat base currency, BTC/USD and ETH/USD trades count towards the aggregated USD tier, and BTC/EUR and ETH/EUR count separately towards the aggregated EUR tier. Click here to learn more about itBit’s fee structure. Originally published at www.itbit.com. New Maker Rebates for ETH Trades on itBit was originally published in Paxos on Medium, where people are continuing the conversation by highlighting and responding to this story.
More PAX Gold (#PAXG) News
|PAX Gold (PAXG) Trades In Green While Other Coins Struggle
The FTX controversy has pulled the entire crypto market down, with top tokens struggling to stay afloat. Despite the bearish sentiment, PAX Gold (PAXG) has continued to trade in the green zone, keeping substantial intraday and one-week gain. The gold-backed crypto was trading at $1,762, a 2.17% intraday increase and a 5.80% week-on-week gain at press time.
However, trading activity on PAX Gold has decreased in the past 24 hours. Specifically, the gold price-pegged crypto saw trading volume down 16% in the 24 hours. At the same time, PAXG gained1.78% and 1.90 against BTC and ETH respectively. However, PAXG is positioned to retain its gains for quite some time.
PAX Gold Adds Over 2,600 New Wallets In The Last Six Months
Even though most cryptocurrencies have recently seen a downturn, Pax Gold has maintained consistent weekly and monthly growth. Furthermore, its network has experienced rapid growth during the past several months. In particular, over 2,600 additional wallet addresses have been introduced to the network during the previous three months. The numbers came from the cryptocurrency market statistics platform CoinMarketCap.
This was a considerable increase from May, when there were just 18,000 distinct wallet addresses on the PAX Gold ecosystem. It had around 13,000 unique addresses at the start of the year. As shown by the data, the gold-backed cryptocurrency saw growth of over 13% during that period.
PAXG's price is currently trading above $17,50. | Source: PAXGUSD p...
|PAX Gold (PAXG) Leads Weekly Gainers Among Top Coins
As the market suffers from FTX’s liquidity crisis, PAX Gold (PAXG), a commodity-backed crypto, continues to lead weekly gains. The 65th largest crypto by market cap was seen keeping a week-on-week gain of 5.26% and an intraday gain of 1.12%. Based on current market movement, PAX Gold is the week's highest gainer. In fact, no other altcoin could boast of any gains, as the entire board was painted red.
Notably, PAX Gold has received many mentions on social media within the last few days. The catalyst is also tied to the FTX case, as the embattled exchange holds some amount of the token. Plus, PAXG’s parent company Paxos looks to expand its workforce in Singapore after bagging an operating license.
PAXG, Others Part Of FTX’s Holdings
As FTX faces insolvency, recent data of its current Ethereum wallet holdings shows it holds part of its wealth in PAXG. FTX’s wallet holdings have dropped in the previous week due to liquidity concerns, illegitimate loans, client withdrawals, and a market downturn. Ethereum-based token data on Dune Analytics display the present condition of wallet holdings owned by the company. This data pertains to a list that was originally prepared by The Block.
This report claims that among FTX's holdings is $61 million worth of Paxos gold (PAXG). It also held $69 million worth of USD coin (USDC) and $50 million worth of DAI, a decentralized stablecoin. Furthermore, there are more than $40 million worth of ether (ETH) and staked ether (s...
|US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokeniz...
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after 'direction from U.S. federal law enforcement.'Paxos Complies With U.S. Law Enforcement Request to Freeze 11,184 PAXG
Paxos updated the public on Nov. 12, 2022, and detailed that the company has frozen 11,184.38 pax gold (PAXG) tokens held on the FTX platform. The update was written by Paxos global general counsel, Ben Gray. PAXG is a crypto token backed by one ounce of .999 fine gold at a 1:1 ratio and it's the largest tokenized gold coin in terms of market cap.
'Earlier today, Paxos received direction from U.S. federal law enforcement to freeze Paxos-issued assets associated with four ethereum addresses,' Gray's blog post details. 'In compliance with the request, Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million. These tokens were previously on the FTX.com platform and had moved to unknown wallet addresses over the prior 24 hours.'
The PAXG tokens that were frozen by Paxos can be seen in the following four addresses:
The Paxos freeze follows Tether freezing 46 million USDT from FTX at the request of law enforcement officials as well. A Tether representative told Bitcoin.com News that the company 'can confirm on the background that a freeze occurred.' Following the PAXG freeze update and sharing the addresses, Gra...