BitcoinWorld

Latest News

Binance Enlists PAX Gold-Backed Cryptocurrency

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.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.