Binance Enlists PAX Gold-Backed Cryptocurrency

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PAX Gold
Binance (Tech Crunch)

Binance will list PAX Gold (PAXG) and open trading for PAXG/BTC, PAXG/BNB and PAXG/BUSD trading pairs at 2020/08/26 12:00 PM (UTC). The crypto exchange will then open trading for PAXG/USDT at 2020/08/28 12:00 PM (UTC). Users can now start depositing PAXG in preparation for trading.

PAX Gold (PAXG) is a digital asset issued by Paxos. Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.

Risk warning

Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.