PAX Gold PAXG
Rank #55 by market capTokenized commodity
Tokenized commodity
A token backed by a physical commodity held by an issuer. Its value depends on that issuer actually holding it.
Last 7 days
CM Profile: PAX Gold
Cryptominium Profile. What we have established, measured and written about PAXG, and what we have not.
- Established
- One contract is matched to this coin, on Ethereum.
- Its kind: tokenized commodity.
- Measured
- Selling $100,000 on 2 exchange order books lost between 0.06% and 0.07%, on 8 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold PAXG. How each part is worked out
What changed
Week to 8 OctoberNothing we measure moved much this week: trading volume, reported supply and price are all within their usual range.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell PAXG
Selling $100,000 of PAXG into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Kraken PAXG/USD | 0.06% | $99,944 | 2026-10-08 |
| Coinbase PAXG/USD | 0.07% | $99,925 | 2026-10-08 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps PAXG on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What PAX Gold is
PAX Gold is a token issued by Paxos, a New York-regulated trust company, where each unit represents ownership of one fine troy ounce of London Good Delivery gold held in professional vaults in London. It is, in effect, allocated physical gold with a blockchain transfer layer bolted on.
The practical benefit is divisibility and movement. Physical bullion trades in whole bars and settles slowly; PAXG can be sent in fractions of an ounce, at any hour, and holders can look up the specific bar their holding is allocated against. Paxos publishes attestations of the metal held, and larger holders can redeem for physical bullion or for cash.
It should be understood as a claim, not as gold in your possession. The whole proposition rests on Paxos remaining solvent, the vaults being audited honestly, and the regulator doing its job — which is a specific and quite different risk from holding metal yourself, not the absence of one. Redemption for physical has minimums and costs that put it out of reach for small holders. And it tracks gold: it is not a growth asset, it is not a dollar, and it will do exactly what the gold price does, including going down.
What PAX Gold can do
Selling $100,000 on Kraken lost 0.06% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 8 October 2026
Each PAXG is backed by one fine troy ounce of gold stored in vaults in London and held in custody by Paxos Trust Company. Paxos says it can be redeemed for gold bars, or for dollars at the gold price at any time.
Source: Paxos: Pax Gold · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where PAXG lives
On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
PAX Gold data synced 60s ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell PAXG.